Boat Insurance


Boat Insurance – Customer-friendly
Boating may be one of your favorite recreational activities, but you know that owning and maintaining a boat is expensive. It can even be more expensive if you are in a boating accident and you do not have boat insurance. You may end up being responsible for more than just paying for the repair or replacement cost of your boat. Boat insurance can provide you with financial protection if something goes wrong with your boat.

Boat insurance covers a variety of motorized watercraft such as yachts, cabin cruisers, sailboats, and fishing boats. Kayaks, canoes, and other types of personal watercraft are usually not covered under boat insurance, but they may be covered under an optional insurance rider. Your insurance agent can help you to determine the type of coverage you need for your boat and how much coverage you need.

Boat insurance provides coverage and compensation in four areas:

• Collision coverage pays for the repair or replacement of your boat.

• Property damage liability provides compensation for damages you cause with your boat to someone else’s property.

• Bodily injury liability provides compensation for injuries you cause with your boat to another person.

• Comprehensive coverage compensates you if your boat is stolen, vandalized, or damaged in an event other than a collision.

There are also additional coverage options that you can choose from that provide compensation for roadside assistance, medical payments, and lost or stolen equipment.

Many variables can determine how much you will pay in monthly premiums for your boat insurance. States and marinas vary in the type of insurance you must carry. The type and size of boat you have and how you intend to use your boat will also determine how much you will pay for your insurance. Talk to your local insurance agent to determine how much coverage you need that will fit your budget.