Boat Insurance

What is Boat Insurance?

If you own a boat, you know how important it is to protect it. Boat Insurance is one of the easiest ways to protect your boat from damages or loss caused by accidents, choppy waves or bad weather conditions.

Who Needs Boat Insurance?

Marinas require boat owners to have Boat Insurance as a requirement for boat storage. Lenders require boat owners to get insurance to get approved for a loan.

Depending on laws in your state, you may be required to maintain Boat Insurance. Even if you aren’t required to get insurance, you should invest in a policy to protect your assets from the liabilities that come with boating.

How Does It Work?

Boat Insurance policies have deductibles. In many instances, the lowest deductible that you can have is $250. When you file a claim, you’ll be required to pay the deductible. Your Boat Insurance company will pay any amount that exceeds your deductible.

Types of Boat Insurance

Boat Insurance provides coverage for physical damages and loss of specific components including batteries, fuel tanks, motors, safety devices, and anchors. Liability coverage includes personal injuries and structural damage. Other types of boat coverage includes:
Boat Trailers
Medical Payments

Benefits of Boat Insurance

Owning a boat is a significant financial investment. Here are just a few benefits of protecting your boat with insurance.
It offers flexible deductible amounts and insurance coverage.
Having insurance keeps you in compliance with your state’s laws.
Boat Insurance is affordable.
Insurance discounts may be available in your boat is equipped with a radar system, a Coast Guard-approved fire extinguisher, a Diesel engine, and a navigation system.

Whether you have a small or large boat, you should protect your investment. To learn more about Boat Insurance, speak with an insurance representative.