Boating Insurance
Getting out on the water in your watercraft is can be a wonderful escape from the day-to-day. But, having fun on the water can also increase liability risks. Let’s make sure your “financial boat” doesn't sink should you encounter rough waters.
Does homeowners insurance cover your boat?
The fact is, homeowners policies usually place numerous restrictions on boat owners, depending on the size and horsepower of your watercraft.
In other words, if you don't carry a boat insurance policy, you may be underinsured.
Boat Insurance: What's Covered
Typical coverages should include:
- Personal liability
- Boat
- Motor
- Trailer
- Medical and physical damage perils
Boat Insurance Discounts
Here are a few ways you may be able to receive a discount:
- Own your home
- Have idle assisted steering installed
- Insure multiple vessels
- Bundle other kinds of insurance
- Are the original owner
- Paid your policy in full each year
- Have a clean automobile driving record
- Have a safety course certification
There are even more ways to save on boat insurance, but the only way to truly determine the best policy for you is to have a quick chat about your needs and the amount of protection for income and assets that you will require.