Boat Insurance Boat insurance is designed to wholly or partially cover boat owners in the event of damages or the loss of a boat. While boat insurance can typically be purchased for watercraft with motors like leisure craft, yachts, pontoon boats, fishing boats, and paddle boats, it does not typically cover smaller vessels like kayaks, canoes, or personal watercraft. Different Types of Boat Insurance Collision damage: This includes the repair or replacement of your boat in case of an accident. This type of coverage may or may not extend to water cleanup and clearing of wreckage. Property damage: This is liability coverage in the event that you damage someone else’s boat, public or private docks, or other structures in a collision or accident. Bodily injury: This provision covers any injuries that you might cause to someone else while using your boat, including lost income, pain and suffering, and medical and legal expenses. Comprehensive: This coverage is handy in case your boat is vandalized, stolen, or otherwise damaged in a non-collision scenario. Great for peace of mind in the event that you leave your boat docked for significant periods of time. How Boat Insurance Cost Is Calculated The cost of boat insurance varies greatly, depending on several key factors. When estimating boat insurance cost, it’s important to be aware of: • The exact type, age, and size of the vessel you’d like to • The size of your boat’s motor, its fuel requirements, and how it is powered. • The history of your boat’s upkeep, permits, licenses, and scheduled maintenance. • Your intent of use (inland waters, open seas, or both). • The extent of coverage you wish to purchase. [email protected] | Call us @ (844) 580.7510 13
