Your home is a big investment. You’d probably never dream of owning a house without covering it with the protection you need from homeowners insurance. The same goes for other big purchases in your life, like covering your car with a kind of auto insurance. What about a boat? Do you have to have insurance on a boat? What does boat insurance cover?
Table of Contents
- What is Boat Insurance?
- What Does Boat Insurance Cover?
- Physical Damage
- Liability Coverage
- Other Coverage
- Boat Insurance Through Pronto
What is Boat Insurance?
Just like your homeowners’ insurance covers your house, and your auto insurance covers your vehicle, your boat insurance covers your boat. Boat insurance policies vary a lot in what they do and do not cover based on several considerations and unique circumstances. This includes the type of boat, the waters it will be in, your state, the number of months in a year the boat will be used, and any additional add-ons you’d like to include.
Let’s dig into this last part.
What Does Boat Insurance Cover?
Even though boat insurance policies differ, there are a few basic kinds of coverage you can expect to receive. These include:
Physical Damage
This coverage protects you financially if your boat is damaged or even a catastrophic loss caused by common risks, such as sinking, fire, storms, theft, and collision. The exact coverage can vary, but the policy will usually cover:
- Hull
- Motors
- Extra Fuel Tanks
- Batteries
- Anchors
- Onboard Safety Equipment
Liability Coverage
This coverage protects you if your boat causes injury or damage to other boats, docks, or structures. The injury or damage covered by liability coverage can be due to direct contact with your boat as well as situations caused by your boat, such as large waves. This protects you from covered claims and lawsuits, including payment of settlements and legal fees.
Other Coverage
Accidents happen on boats just like in cars. Your insurer may offer additional kinds of coverage to go with your basic boat insurance. A boat insurance policy may provide medical payments coverage for covered injuries to you or your guests riding along. This medical payments coverage may help pay for resulting expenses such as hospital bills, medications, X-rays, and more.
Additional coverage includes things like fuel spill, wreckage removal, and roadside assistance. There’s even a total loss replacement if your boat sinks to the bottom of the ocean!
Boat Insurance Through Pronto
What does boat insurance cover? Everything you need it to! Pronto Insurance offers boat insurance with flexible options to fit your budget and needs. Don’t get out onto the water without it!
