Boat insurance is not like auto insurance – it is not required in most states. However, if you have a watercraft or boat, you may want to get insurance for it to protect against severe weather conditions on water and theft. Moreover, if you are planning to dock your boat in a marina, a minimum level of liability insurance is needed.
JSI & Associates in Porter, TX can help you navigate this vital coverage. If you are currently shopping for boat insurance, here is basic information about what exactly this type of insurance covers.
What Does Boat Insurance Cover?
Standard boat insurance usually provides financial protection against such common risks as collision with other boats or watercraft, sinking, weather damage, theft, vandalism, and fires. Coverage exclusions and limits depend on the type of insurance policy and the insurance company. In most cases, standard boat insurance policies include the following:
- Physical damage coverage. Your insurance will cover damage due to a collision with another boat or object, theft or vandalism, fires, running aground, weather damage (storm, hail, lightning, waving), and capsizing.
- Liability coverage. It pays for damages or injuries that you cause a person or their boat while boating. This type of coverage consists of two components – bodily injury liability (coverage of medical bills, lost wages, and legal fees) and property damage liability (repairing or replacing someone else’s boat or property)
If you think that standard boat insurance is not enough, you can always purchase additional coverage, such as on-water towing and emergency services, mechanical breakdown coverage, roadside assistance, hurricane haul-out, and others.
Get Boat Insurance Today
Are you shopping for boat insurance in order to fully enjoy your time on the water? JSI & Associates in Porter, TX can help you find the perfect coverage based on your personal insurance needs and budget. Feel free to visit our website or give us a call for more information.