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Types of Boat Insurance Coverage

Summer is finally here and what better way to spend it than to take your boat out for a drive and feel the warmth of the air on your face? But before you do that, make sure you have boat insurance. If you already have it, ensure that it is up-to-date and that you have the right coverage. However if you still didn?t have your boat insured, it would be wise if you know and understand the different types of coverage first.


Personal Property and Physical Damage Coverage


These types of coverage are what we usually think of when we talk about boat insurance. The personal property covers theft of the belongings aboard your boat. While physical damage obviously covers the damages to your boat. You can also have the equipment installed and kept in your boat covered — such as oars, anchors, deck chairs, safety equipment, and lights.

Small Boat Coverage


If you own a small boat without an engine, this may be covered by your home insurance. However, that depends on your insurer. The wisest thing to do if you have a small boat, and you don?t know whether you need a separate insurance is to ask your agent. You may need the following information handy:

  • if your small boat has a motor or not
  • the motor?s power and size,
  • and the size of the boat.


Uninsured/Underinsured Coverage


Did it ever occur to you that there may be people who drive boats that don?t have boat insurance? If you were involved in an accident by these people, what do you think would happen? The aftermath can be very harsh for you, even though you?re the responsible one. This type of coverage covers for the damages that resulted from an accident with an uninsured/underinsured boat operator.

Liability Coverage


This coverage is quite familiar to many. It works like the liability coverage for your home and car. Liability coverage covers bodily injuries to others, as well as damages to another?s property.

Medical Bills Coverage


Medical bills coverage offers financial protection from medical and related expenses for a person who gets injured on the boat.


There are other types of coverage that you should ask about when you talk to your agent. You need to consider a lot of factors when you decide which coverage to include in your policy. If you have any more questions, feel free to talk to one of our agents. Give us a call at 1-855-468-3569 or visit us at our offices near you. You can also get a free quote by clicking here.

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