If you own a boat, you may wonder what types of insurance will best protect your vessel. Remember to include year-round protection for your watercraft. That includes time spent in storage for the winter as well as on the water. The team at Acme Insurance Brokerage in Amityville, NY has put the following information together to help you keep your boat covered whether it’s afloat or in dry dock.
What Are the Main Coverage Types?
Just like car insurance, you’ll need bodily injury and property damage to start with. You’ll also want to consider insurance that covers emergency services and uninsured operators. Keep reading to learn more about basic boat insurance and options that can give you peace of mind while you enjoy your watercraft.
Watercraft medical payment coverage will reimburse you for expenses related to injuries. In case of a fatality, it may even help you cover funeral expenses. Ensure that your policy includes coverage for both you and your passengers. Watercraft liability coverage covers repair or replacement costs for other people involved in the accident.
Boat insurance with property coverage reimburses you for damage to your docked boat. It also covers accidents with other boats, buoys, piers, and debris. Talk to your agent about the advantages of adding an endorsement for repair costs. Typically, this coverage handles damage to your boat, equipment, trailer, and motor.
Emergency services and uninsured watercraft coverage give you additional protection on the water. Emergency services may include the cost of mechanical labor, towing, and the delivery of replacement fuel or parts. Not everyone who operates a boat has sufficient insurance to cover an accident. Some voters may not have insurance at all. Uninsured watercraft coverage will help your family recover from financial losses due to a run-in with uninsured boaters.
Additional Coverage Options
If lost or stolen, personal effects coverage can cover your expensive fishing equipment and other gear. Additionally, equipment coverage can be written to include everything from anchors to light jackets to radios to navigation gear. Boat trailer coverage reimburses you for damage to your trailer in the case of an unforeseen accident.
Contact Acme Insurance Brokerage in Amityville, NY to book a meeting for a free boat insurance quote!