What is Boat Insurance?

boat insurance

At Staples & Associates, we know that your boat is an investment in not only your time and money but your fun as well! This is why we want to help you protect your boat or personal watercraft as much as possible. So what exactly is boat insurance? 

A boat insurance policy can cover you and your boat (or personal watercraft) against liability and damage in the event of an accident. Accidents do happen, but when you’re covered with boat insurance, you can rest easy knowing that you’re covered on, and off, the water. 

What Does Boat Insurance Cover? 

For You and Your Boat

  • Damage to your boat, including motor, trolling motor, trailer, and permanent and portable boating equipment.
  • Damage from fire, theft, or storms.
  • Medical Payments. 
  • On-water towing expenses.
  • Uninsured boater protection. 

For Others

  • Damage to another boat. 
  • Damage to property caused by your boat. 
  • Bodily injury of another person. 

Boat Coverage

Is your boat covered under your auto or homeowners’ insurance policy? The answer is most likely no. While it’s best to have an expert examine your existing policies in their entirety, if you don’t have a separate boat insurance policy, you are probably uninsured. Auto and homeowners insurances are not made to cover boats and personal watercraft. 

Don’t wait until it’s too late to find out that your coverage is lacking! Contact an insurance expert at Staples & Associates and get the insurance that you need to stay safe, today!