How To Find the Right Boat Insurance Policy

Whether you love to spend time racing a sailboat across a lake or relaxing with friends on a pontoon, you need to secure the protection of yourself and your watercraft. The right general boat insurance policy can provide the right coverage to give you peace of mind.

Assess Your Vessel

The rates and type of coverage available can depend on the features of the watercraft, such as:

  • Value
  • Size
  • Age
  • Speed
  • Type
  • Condition
  • Location

Evaluate your vessel to determine its value, and research the applicable laws and regulations in place regarding coverage to ensure you have everything you need to operate the watercraft safely and legally.

Research Coverage Options

Although the exact coverage can vary depending on the insurance company and the state you reside in, most policies cover the basics, including:

  • Vessel damage
  • Uninsured or underinsured boaters
  • Towing
  • Salvage expenses
  • Personal injuries
  • Passenger liability

When looking for coverage, you should consider the replacement value of your watercraft and determine how much you can afford to spend on repairs.

While finding the right insurance plan may not be the most glamourous part of owning a boat, it is one of the most vital. Remember, no one plans on getting into a boating accident that results in property damage or injuries, and an insurance policy can offer a safety net in case of unforeseen circumstances.