A watercraft insurance policy provides boaters with specialized coverage designed for your boat or personal watercraft. Insurance options range from personal effects replacement to fuel spill coverage, which means you can relax on the water knowing you’re protected.
Tips to Choosing Watercraft Insurance
Watercraft insurance protects several kinds of boats and personal watercrafts, which means watercraft insurance policies can differ based on what you have. Here are a few tips to help you find the right boat or watercraft insurance:
Look beyond your homeowners policy.
Your boat or personal watercraft may be too big or too expensive to be covered through a homeowners policy, which means you may need watercraft insurance to protect it. For example, one of our companies accepts boats up to 50 feet long and up to $250,000 in value, as well as personal watercraft up to 15 feet long and $27,000 in value. Even if your boat is eligible for watercraft insurance coverage under your homeowners policy, you still may want specialized coverages that you just can’t get with a standard homeowners policy.
Consider specialized coverages.
Watercraft insurance coverages go beyond the scope of a standard homeowners policy to include Roadside Assistance, which covers towing of your boat or personal watercraft for free, as long as your trailer is covered; On-Water Towing, in case you’re stranded on the water; and Uninsured Boaters coverage. You can also usually choose Fuel Spill Liability and Wreckage Removal coverage with your watercraft insurance. Without these watercraft insurance coverages, you may end up getting stuck with the bill for cleanups and removals.
Personal Effects and Fishing Equipment coverages are also available.
If you travel, make sure your watercraft insurance coverages go with you.
Some insurance companies limit where you can go with your watercraft and still be covered, or they charge you extra if you travel. But with most of our companies, their watercraft insurance policies give you the freedom to follow the sun because you’ll be covered at no extra charge on all inland lakes, rivers and navigable waterways of the continental United States and Canada, including ocean waters within 75 miles from the coast of the U.S. or Canada. Just make sure to check with us before.
An optional Coastal Navigation limit of 125 nautical miles is available for an additional premium.
Think about replacement costs.
Boats and personal watercraft depreciate just like cars do. A homeowners policy will only pay you actual cash value for your boat or personal watercraft, which could make it difficult to replace if it’s destroyed. But with watercraft insurance, you have that option and more. With Total Loss Replacement, you can have your boat or personal watercraft replaced with a brand new model if the loss is within the first five model years. We also offer Agreed Value coverage no matter how old your boat is.
Look for loyalty rewards.
Consider doing business with a company that values its relationship with you and rewards you for sticking around. With most of our companies, at each claim-free renewal, they decrease your deductible by 25%.
Your best choice for insurance
The first right decision in protecting all of your assets is finding an insurance agent who understands YOU and your family. We pride ourselves in taking the time to discuss your needs to ensure that you don’t find a gap in coverage when you need it most…something that can’t always be done in 15 minutes and is too important to rush. Make sure you and your family are fully protected and call us at 407-977-5700 or email any time at email@example.com.
Learn more about your watercraft insurance:
- Bodily Injury & Property Damage Liability Coverage
- Comprehensive & Collision Coverage
- Uninsured Boater Coverage
- Medical Payments Coverage
- Personal Effects Replacement
- On-Water Towing & Labor Coverage Service
- Roadside Assistance
- Fishing Equipment
- Fuel Spill Liability
- Wreckage Removal
- Water Sports
- Navigational Area