Boat insurance is designed to protect you from financial losses that can occur as a result of owning and operating a boat. While coverage types will vary from one insurer to another, most boat insurance policies will provide protection for your boat, motor, and personal belongings.
While not required by law in most states, boat insurance is still highly recommended.
Understanding Boat Coverage Options
There are many different types of coverage available under any boat insurance policy, and the specific coverages will vary depending on the insurer. However, some of the most common coverages include:
• Hull coverage, which protects against physical damage to the boat
• Liability coverage, which protects against legal responsibility for injuries or property damage caused by the operation of the boat
• Medical payments coverage, which pays for medical expenses incurred as a result of an accident
• Uninsured/underinsured boater coverage, which pays for damages caused by another boater who does not have insurance
No matter what type of coverage you need, boat insurance is an important way to protect yourself and your investment. Whether you are a weekend sailor or a seasoned yacht owner, boat insurance can give you the peace of mind that comes with knowing you are covered in case of an accident.
Assistance with your Boat Insurance
Not only can our agents can help you customize a boat insurance policy to protect your watercraft against likely risks, we can also help you find the lowest possible rates by shopping your plan with multiple insurance carriers. To learn more about how we can save you money on boat insurance, call us today.