Watercraft & Boat Insurance
Watercraft & Boat Insurance Quote Forms
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Watercraft & Boat Insurance Information
Coverage Across Southeastern Pennsylvania
Why do you need insurance for your boat or personal watercraft?
You'll enjoy the water even more when you're not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:
- If you're in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
- If you or any passengers are injured in an accident, medical costs can be extremely expensive.
- If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
- Your watercraft also needs protection when it's on land. Accidents can happen while towing a watercraft.
Things to consider and questions to ask your agent
Here are a few things to consider as you prepare for the discussion:
- How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen?
- Is my boat or watercraft covered for use year-round?
- What discounts and programs are available?
- How much medical insurance and liability coverage is enough?
- Do I have coverage if I need to have my boat towed in an emergency?
- What's the process for filing and settling a claim?
- Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
Home and auto insurance policies may provide limited coverage for personal watercraft. Talk to your insurance representative about coverage limits. You may want to consider purchasing a personal watercraft policy to protect yourself and your water vehicle in the event of an accident.
The personal watercraft policy covers:
- bodily injury
- property damage
- guest passenger liability
- medical payments
Liability limits start at $15,000 and can be increased to $300,000.
Typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments.
Additional coverage can also be purchased for trailers and other accessories.
You should talk to your insurance representative about the type of coverage that would best suit your needs.
Common Boat Insurance Questions:
Why Do I Need Boat Insurance?
Similar to cars, boats are also motorized vehicles. While you don’t operate boats on roads, the waterways have similar regulations including speed limits, traffic lanes and laws prohibiting drinking while boating. Due to this, whenever you take your boat out on the water, you face the same hazards and liabilities as you do when driving a vehicle on land. It is critical that you protect yourself and your property against the risk of expensive, unexpected challenges. If you are faced with a tragic event, boat insurance will aid in helping you get back on your feet.
What is Covered Under Boat Insurance?
Boat insurance includes a variety of different type of coverage, such as:
Physical Damage: This covers the boat and its attached fittings and fixtures from fire, theft, vandalism, wind, hail and collision.
Medical Payments: This covers medical expenses for the policyholder and their passengers after an accident.
Liability Insurance: This covers bodily injury and property damage the boater may cause to someone else in an accident.
Guest Passenger Liability Insurance: This covers expenses if a permissible passenger causes an accident while operating the boat.
Your plan can also contain a host of other benefits like:
Pollution Liability Insurance
Tow Trailer Coverage
Agreed Value Insurance
Personal Effects Coverage
Fishing Equipment Coverage
How Much Boat Insurance Do I Need?
When starting your policy, our agents will assist you in selecting the level of coverage that best fits your needs. Our mission is to minimize your financial losses from any boating accident.
Therefore, consider each of these questions:
How much would it cost to buy a new boat if mine is totaled?
What activities will I be doing on my boat?
Will I need to insure people on the boat if they get injured in an accident?
Determining what policies best fit you needs can help you determine what the best answer is to these questions. Your agent can help you in personalizing it to fit your needs and activities as the best price point possible.
Is Boat Insurance Required?
Boat Insurance is typically not required unless you are operating commercially. However, if you decide to finance your boat when you purchase it, your lender may require you to purchase a minimal amount of physical damage coverage.
What Does Boat Insurance Cost?
Boat insurance rates may vary based on several factors, such as your:
Value of the boat
We completely understand that the cost of your boat insurance is important to you. Our team is committed to searching our network of carrier partners to put together the police benefits you desire, for a price you can afford. You can also bundle your boat insurance with your auto, home, or other personal insurance to maximize your overall savings.