What You Get

Why You Need It

• To secure yourself, your property, your assets, and passengers
• To secure your financial assets against unexpected events

Boat & Watercraft Insurance

You usually go boating to restore your inner peace or spend quality time with family and friends. Studies show that being near the water can also enhance your physical and mental well-being. As you relax your mind while boating, make sure that you are safe while enjoying the sun and the water.

As of now, boat insurance is required in three states only – Arkansas, Hawaii, and Utah. If you financed your boat through a bank, they might also require you to provide proof of boat insurance. Required or not, this should not stop you from protecting your vessel especially if you want to avoid out-of-pocket expenses.

Boat insurance is similar to auto and home insurance in many aspects. It helps you cover the actual cash value or replacement cost of your property, and pay off expenses related to injuries and damages to someone else. Coverage rates vary due to several factors such as the type of boat, length, number of engines, and horsepower, the purpose of using it, and how and where it’s stored. Here are the common coverage options under this insurance:

• Liability Coverage can help you pay for medical and repair costs in case you accidentally injure someone or damage their property with your boat. This is commonly called hull insurance.

• Property Coverage can help you pay for the repair costs if your boat is damaged due to a covered peril.

• Medical Payments Coverage can help pay medical expenses for you if they are caused by a covered accident.

Apart from these, you can also add other options to help you cover on-water towing, coverage for fishing equipment, mechanical breakdown, ice and freezing, hurricane haul-out, and trailer trip interruption. Enjoy the waterways more by protecting yourself, your passengers, and your vessel with enough coverage on your boat insurance policy.

Other Insurances