What You Need To Know About Boat Insurance Coverage

ID-100386201Owning a speedboat, sailboat or any other sea vessel can be costly and requires up keep, but well worth it when you have the wind and sea all around you on a beautiful day.

If you choose to own and operate a speedboat, sailboat, yacht or personal watercraft without insurance you may run into some marinas and yacht clubs who won’t let you dock your craft unless you have insurance coverage. If you keep your boat on your own property, a homeowner’s insurance policy may have some coverage for your watercraft but it can be very minimal. A typical homeowners policy may pay up to $1,000 or $1500 to repair damage to your boat.

Often, during winter or stormy weather, owners must leave boats docked in the water. It is difficult sometimes to leave behind something that is so valuable, especially a sail boat that can cost up to several hundred thousand dollars. Standard policies for boats can cover damage to the craft, including damage caused by fire, lightning, theft, vandalism, collisions, and windstorms, the cost of repair and medical needs

Some policies also provide coverage for injuries caused by uninsured boaters or by boaters who don’t have enough insurance. If this sounds like uninsured motorist coverage in an auto insurance policy, it basically serves the same purpose.

It is very crucial to understand what the policies provide in order to choose the best and most appropriate coverage. Owners need to be sure and get all terms and requirements upfront before applying.

Have questions? Contact us today.

 

 

Photo Courtesy of nitinut. at FreeDigitalPhotos.net

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Author: budgetbiriteinsurance

We find insurance that meets every budget! We are authorized agents for over 10 top companies including, Progressive, Bristol West, Mercury Insurance, 21st Century and more. Our company takes pride is keeping updated on the most current changes in the Insurance Market to get you the best rates! We offer coverage for: Auto Boats, Motorcycles Homeowners Manufactured/Mobile Homes Service Professionals Garage liability Migrant workers transportation We accept all kinds of licenses, international included. We also offer a wide variety of discounts such as safe driver, Senior citizen, good student, multi car and previous insurance. Contact us at 863-453-3903 today or go to BudgetBiRite.com Serving All of Florida Budget Bi Rite Insurance 1500 US 27 South Avon Park FL 33825

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