When you’re out on the water, the last thing you want to worry about is whether your insurance has your back. However, if you’re a boat owner, understanding your policy’s navigational limits is just as important as checking the weather. At Hausmann Insurance & Financial Services in Charlotte and Waxhaw, NC, we help boaters stay protected no matter where their adventures take them.
What Are Navigational Limits?
Navigational limits define the geographic area where your boat is covered under your insurance policy. While it may sound straightforward, many boat owners are unaware of how these boundaries can affect their coverage. If you sail outside your designated zone—even by just a few miles—you could lose coverage for accidents, theft, or damage until you return within the limits.
Why Insurers Set These Boundaries
Insurance companies use navigational limits to assess risk. Certain waters are known for their rough conditions, piracy, or limited access to emergency services, which can increase the likelihood of claims. Setting boundaries helps insurers manage these risks while keeping your premiums reasonable and affordable. The good news is that if your boating plans change, many policies can be adjusted to expand your coverage area.
Always Know Before You Go
The best way to avoid surprises is to review your policy before heading out on a new route. Whether you’re cruising down the coast or planning a trip to the islands, make sure your coverage is ready to go with you.
For help understanding your navigational limits or updating your policy, contact Hausmann Insurance & Financial Services in Charlotte and Waxhaw, NC. We’ll help you stay protected, wherever your boat may roam.
