Boat Insurance

A boat purchase can be quite an investment and if you do not have the right insurance, your investment can be at risk if you have an accident or your boat is stolen. Boat insurance works in much the same way as car insurance except it covers watercraft, such as boats, wave runners, etc. Whether it is a small boat or a large one, boat insurance is essential to protect your investment.

Consider comprehensive insurance for your boat. This will cover repairs and replacement if it is involved in an accident or other event. You can add other things to your policy, such as roadside assistance, on-water towing, your trailer, fuel spill liability coverage, and an uninsured boater policy.

Many people believe that their homeowners insurance policy will cover their boats, but this is not always the case. Personal items on the boat and medical costs may be covered, but your boat will need a separate policy to ensure that your financial investment is protected.

Just as with car insurance, you can choose from different policies and coverage levels. Crash, sinking, vandalism, accidents, and other events are normally covered, including the hull, machinery, sails, and more.

It is wise to purchase boat insurance. A small payment now could mean significantly less money spent in the future. Buying insurance that is especially for your boat will give you the peace of mind of knowing that your investment is protected.