Boat Owners Insurance
It is much easier to understand why boat owners insurance is so important when you think about your boat as a car that you drive on the water. Both your car and your boat are expensive investments that you should protect and it is important to adhere to applicable state laws and regulations while operating your vehicles.
Although you may think that auto and boats are completely different, they actually share a lot of common insurance terms and coverage. PoliSeek shops for the best rates on three general types of boat owners insurance:
Physical Damages – boating experience or a watercraft safety course can prepare you to handle most dangers of the open sea. However, accidents do happen – and when they happen on a boat, the resulting damage could be very expensive. If you insure your boat against physical damages, you can be covered for:
• Sinking
• Capsizing
• Fire
• Theft
• and more
In addition to the actual vessel, Physical Damage Coverage typically covers furniture, fishing equipment, electronics, and other boat fixtures.
Liability Coverage– Most boaters do not travel alone. It’s common to bring along friends and/or family. A liability policy (which is usually bundled with physical damage coverage) can protect your passengers or other boaters in the event of accident and/or cover the costs of an accident for which you are at fault.
Uninsured Boaters Coverage – Similar to uninsured motorist coverage for your auto policy, uninsured boaters protects you in case of an accident where the party at fault did not carry sufficient liability coverage to cover your damages.
For more information about insuring your boat, contact PoliSeek for coverage information and price quotes.
This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.