Do I Need Collision Coverage on My Boat?

Are you a boat owner in Clermont, FL? If so, you enjoy spending time cruising around the beautiful lakes. However, before you set sail, it’s essential to make sure you have the proper insurance coverage. Singh Insurance and Financial Services LLC can help make sure you’re adequately covered. Here are some things to consider when determining if you need collision coverage on your boat.

Value of Your Boat

If your boat is financed, your lender will likely require you to carry this type of coverage. Even if you own your boat outright, it’s still a good idea to have collision coverage in case of an accident. The cost of repairs or replacement can be expensive, and this type of coverage will help protect your investment. Out-of-pocket expenses can add up quickly, so it’s important to have the proper coverage in place.

Type of Boat

The boat you have will also play a role in whether or not you need collision coverage. If you have a small, inexpensive boat, the cost of repairs may not be worth the price of the premium. However, collision coverage may be a wise investment if you have a larger, more expensive boat. But still, in both cases, the best action you can take is to speak with an insurance agent to guide you through the decision-making process.

Your Insurance Policy

Finally, check your boat insurance policy to see if collision coverage is already included. Some policies automatically include this type of coverage in your boat insurance, so you may not need to purchase it separately.

Singh Insurance and Financial Services LLC in Clermont, FL

If you’re still unsure if you need collision coverage on your boat, Singh Insurance and Financial Services LLC can help. We’ll work with you to determine the best insurance coverage for your needs. Contact us today to get started.

Seasonal Changes and Your Insurance

Now that we are approaching the end of August, we will be experiencing a change in season in just the next few weeks. With seasons changing, risks develop among insurance carriers and owners of commercial insurance. We’re here to tell you about these risks so you can be prepared and make any necessary adjustments for the upcoming seasons.


Statistics show that the highest amount of animal collisions take place in the fall and winter months. Therefore, it is a good idea to take necessary precautions and make sure your insurance is up to date and par in the event that you could collide with an animal…especially in a company vehicle!

Inclement Weather

As the weather cools down there is more of an opportunity for us to experience inclement weather, including snow and ice. These two factors are the primary cause of commercial property damage during the cooler months. A heavy amount of snow can damage your company’s roof and freezing temperatures can result in frozen and potentially busted pipes.


Did you know that the Holiday’s are the most popular times for criminals to steal and commit theft? This is because many companies may close more frequently to observe holidays or special occasions as well as give their employees more time off to enjoy the season. Those who are out to steal from you know this and use it to their advantage.


Candles are popular for their fragrance and the atmosphere that they create when lit. Surprisingly, this has even become common to be used in the workplace, especially around the holidays when there are unique scents available. Candles are not permitted in commercial locations because of the risk of fire and smoke. Ensure that none of your employees are utilizing candles in the workplace.

Make sure that you and your business are prepared for what may come and for the changes up ahead. If you’re ready to review your policy, or need to make adjustments, contact Singh Insurance and Financial Services today.