Boat Insurance

Owning a boat or watercraft can be extremely fun and rewarding, but there are also extreme dangers that come along with it. Being out on the open sea presents many opportunities for a crisis. Much like auto insurance, boat insurance can bring peace of mind knowing you have the proper coverage in place.

But like most things, staying protected comes at a price. However, you can keep your insurance premiums down by taking care of your boat with frequent inspections and repairs and completing a boat education course. Being protected is worth the price that you pay.

Most boat insurance agents offer coverage for all types of watercraft including fishing boats, dinghies, powerboats, yachts, charter boats, and catamarans. Find below a few of the many benefits of purchasing boat insurance:

Coverage for watercraft as well as medical payments, personal effects, uninsured boat owners, theft, fire, stranding, collision, injury, public liability, plus captain and crew.

Towing and disaster service:

Assistance with costs such as minor accidents, boat maintenance and repairs.

Company incentives such as discounts on new boat purchases, premiums, boating education programs and more.

Tips for buying boat insurance:

Payment plans. If boat insurance is not something you think you can now afford, think again. In order to keep you protected, many companies offer payment plans. 

Review the specifics. Most boat insurance policies only cover a certain distance offshore. Some policies even cover your equipment while be transported to the water. Confirm your company’s policy before purchasing.

Consider adding security. By simply installing a small alarm system to your boat, you can cut your insurance premiums down dramatically.