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Marine
Protection for your WaterCraft
Boat insurance covers:
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Bodily Injury
for injuries caused to another person |
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Property
Damage for damage caused to someone else's property |
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Guest Passenger
Liability for any legal expenses incurred by someone using the boat with
the owner's permission |
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Medical
Payment for injuries to the boat owner and other passengers |
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Theft
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Most companies offer
liability limits starting at $15,000 which can be increased to $300,000.
Typical policies include deductibles of $250
for property damage, $500 for theft, and $1000 for medical payments. Higher
limits may be available.
Additional coverage
can be purchased for trailers and other accessories.
Boat owners may also consider purchasing
an umbrella liability policy which will provide additional protection for their
boat, home, and car.
Boaters should also
inquire about special equipment, such as fishing gear, that is kept on the
boat, to make sure it is covered, and to verify that towing coverage is also
included in the policy. |
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Boat owners
should also inquire about discounts, including:
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Diesel powered craft,
which are less hazardous than gasoline powered boats as they are less likely to
explode |
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Coast Guard-approved fire
extinguishers |
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Ship-to-shore
radios |
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Two years of claims-free
experience |
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Multi-policies such as a
car, home, or umbrella policy held with the same insurer |
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Safety education courses,
such as those offered by the Coast Guard Auxiliary, U.S. Power Squadrons, or
the American Red Cross |
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