Leave your worries on dry land by having a watercraft insurance policy to cover you when it matters.
What are the financial risks involved with owning a boat?
Enjoying time on the water should be a stress-free experience; however, the ownership and operation of a boat come with various financial risks. Similar to motor vehicles, boats and other watercraft are susceptible to accidents, theft, mechanical failures, property damage, and liability concerns. Securing watercraft insurance allows you to alleviate these worries and focus on enjoying your time aboard your boat.
Damage and liability coverage features.
Watercraft insurance, commonly referred to as boat insurance, typically comprises two fundamental components, along with two optional add-ons that merit consideration. The first essential element is coverage for physical damage to the vessel, which may arise from incidents such as collisions, fires, extreme weather conditions, theft, or vandalism. The second key component of a boat insurance policy is liability coverage, which protects you against damages inflicted on other vessels or individuals, including related legal expenses. Additionally, it is advisable to seek insurance policies that include provisions for the costs associated with cleaning up oil spills in the event of significant damage to your boat.
Does insurance cover your boat if it needs to be towed?
As a boat owner, experiencing a breakdown is certainly undesirable; however, such incidents can occur. By having towing and assistance coverage, you may be able to have costs associated with services like towing or refueling reimbursed.
What if an uninsured/underinsured boater damages your boat?
Should you possess uninsured or underinsured boater coverage, your insurance may cover physical and bodily injury damages, along with medical expenses, in the event that the boater responsible for the accident lacks sufficient insurance or is entirely uninsured.
Does watercraft insurance cover stolen items from your boat?
When storing personal items on your boat, it is essential to have coverage for personal property and unattached equipment, as this may cover the replacement costs in the event of theft.
Optional add-ons to your boat insurance policy.
An optional feature of watercraft insurance is the protection against theft or damage to personal belongings stored or utilized on your vessel. This consideration is particularly valuable when evaluating the expenses associated with sporting or fishing gear, as well as high-end electronic devices. Additionally, you may opt for boat towing and assistance coverage, which safeguards you from the financial implications of a breakdown while navigating the waters. Engaging in water activities is enjoyable, and possessing watercraft insurance can provide you with reassurance. Please reach out to us to discuss the coverage alternatives tailored to your particular boat or watercraft.