Boat & Watercraft Insurance

Even though boats and watercrafts are generally only used seasonally, they still need to have the right protection. Having the right boat insurance coverage is important to ensuring that your time on the water is relaxing and worry-free. That is why our experienced agents work hard to help you find an insurance policy that protects your investment while keeping your finances from sinking.

Why Watercraft Insurance is Important?

A boat owner’s insurance policy can insure you against most risks of owning and operating your boat and its trailer. Just as importantly, it can protect you against liability lawsuits, should you injure someone with your boat or damage their property.

The average boat costs less than a dollar a day to insure.

Common Types of Coverage

Physical Damage Coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment and your trailer, if it is stolen or damaged. Agreed Value Coverage: boats depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that has been stolen or destroyed. Agreed value means that if your boat is a total loss you will get the value you insured it for, minus any deductible.

Personal Liability Coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident.

Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage protects you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.

Uninsured/Underinsured Watercraft Bodily Injury. If you are hit by an uninsured or underinsured boater and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.

Fuel Spill Liability and Wreckage Removal. Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the owner you are required by law to have this cleaned up, which can be time consuming and expensive.

Personal Effects. Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment.

Unattached Equipment Coverage. This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps etc.

Emergency Assistance. The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.

Every need is unique — contact us to find the best boat and watercraft insurance coverage for you at 708-433-7777