Boat Insurance Quotes:
What To Look For
In A Boat Insurance Policy

Getting the best boat insurance quotes is essential for the boating enthusiast.

For fast quotes on Personal Watercraft, CLICK HERE

If you’re like most boaters I know, your perfect day is spent in your boat, on the water, the wind in your hair and a fishing pole in hand. Or perhaps towing skiers, boogie boards or tubes. Maybe it’s sitting in the boat on calm water, watching the setting sun.

Your boat may be your family hobby. Do you hit the lakes with your wife or your kids?

Your boat may be a workhorse. Do you charter fishing trips? If you are a business and own a boat, you could be using it for entertaining clients.

No matter what your motivation is for owning and operating a boat, you will need boat insurance. But all boat insurance policies are not the same.

Many boat owners think that their boat is completely covered under their Homeowner’s insurance...until they have a loss. Then they learn the awful truth.

Boat policies have specialized coverages not found in other policies.

Here are some features and coverages you should look for when shopping for boat insurance:

• Year-round coverages - Many people in warm climates run their boats year-round. Some insurance companies require a “lay-up period,” in which you cannot use your boat without having no coverage.

• Wreck Removal - If your boat sinks, this coverage pays for recovery.

• Towing and Assistance - just like towing for your car.

• Personal Property coverage - for skis, life jackets, fishing tackle, or other personal property on your boat.

• Pollution Liability - This is very important coverage if you spill oil or gasoline into a waterway. Cleanup could run into many thousands.

• After-market parts and accessories - some policies don’t cover aftermarket parts. Make sure yours does.

• Transport trailer coverage - If you’re hauling your boat on a trailer behind your vehicle, the trailer needs coverage. Instead of buying a separate policy for the trailer, put the coverage on this policy as a rider and save money.

• Collision Coverage and Other than Collision (OTC) Coverage - this coverage takes care of your boat if you run into something. OTC covers things like theft and fire.

• Increased limits on Liability - Carry at least the same liability limits on the boat policy as you have on your auto policy. Also look for “Liability Only” coverage if you do not wish to buy Collision or Comprehensive coverage.

• Uninsured Watercraft - pays you if you have an accident with an uninsured watercraft owned or operated by another person.

• Medical Payments - this is usually “good neighbor” insurance for injuries to others.

• Broad Eligibility - some insurance companies exclude certain models of boats, especially high-performance models.

Boat insurers also offer a variety of discounts, such as:

• Multi-Unit

• Multi-Policy

• Safety Course

• Prior Insurance

• Renewal discount for maintaining continuous coverage

• Affinity Groups, like boating associations

• Boating Safety Course

You will also find a wide choice of deductibles and payment plans available. Choosing higher deductibles will lower your premiums. Flexible payment plans will help you manage your budget.

By using these strategies, you’ll have the best chance at having fun riding on the water!

Get your best boat insurance quotes at:

For fast quotes on Personal Watercraft, CLICK HERE

Also read Boating Safety: Ten Tips To Increase Boat Safety

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