Types Of Watercraft That Need Boat Insurance
If you enjoy setting sail on the high seas with your family, weekend picnics on pontoon boats, or the thrill of chasing your friends around on jet skis, you want to make sure the water is a source of fun, not stress. All types of watercraft need the protection offered by boat insurance. Here’s a look at some of the most common types we cover.
Powerboats And Fishing Boats
Powerboats use engines to move and are usually reserved for water sports and fishing.
Pontoons
Boats that use floats to stay above water are typically used for cruising or fishing.
Sailboats
Sailboats use at least one sail for power and may also use a motor.
Personal Watercraft
Smaller personal watercraft such as jet skis and wave runners are meant for one, two or three people.
Yachts
Yachts have unique insurance needs and require superior coverage, especially considering the number of individuals they can hold.
The Cost Of Boat Insurance
The cost of boat insurance will depend on several factors, such as:
- The type of boat
- The value of the boat
- Where you live
- The amount of coverage you purchase
- Your deductibles
However, you may be able to get boat insurance discounts if you have completed boat safety certifications, have experience operating boats, or have no lapse in your coverage.
Our Boat And Watercraft Coverage
When purchasing boat insurance, it is important to ensure you get the coverages you need for any potential circumstance while on the water. From being involved in an accident to holding some other form of liability, you must have financial protections in the event disaster strikes. Consider getting the following coverages to protect your boat or watercraft:
Collision
This will pay for damage to your boat, trailer, boating equipment, motor and trolling motor if you are in a covered accident involving another boat or object.
Comprehensive
This coverage can help to pay for any damage to your boat, motor, trailer and boating equipment from losses that do not arise from a collision, such as damage from storms, fires or theft.
Property Damage Liability
This will cover the cost of physical damage or the replacement costs for other parties’ property if you hit them with your boat or watercraft.
Medical Payments
If you or the passengers on your boat are hurt in an accident, this can help to pay for the cost of treatment.
Bodily Injury Liability
If you accidentally injure someone else with your boat, this can help to pay their medical bills
Emergency Assistance And Towing
This can help pay the costs of having your watercraft towed if it breaks down on the high seas.
Uninsured/underinsured Watercraft
If a person hits your boat or watercraft and does not have adequate insurance, this can help to cover damages or injuries.
Personal Effects
This can help to cover the costs involved in repairing or replacing valuables on your boat if they are damaged or lost while you are at sea.
Fishing Equipment Insurance
This can cover the damage that occurs to fishing equipment while it is being used or loaded onto an insured boat.
Get In Touch With Burton & Company
Being out on the water should be a peaceful and calm experience, and with the right insurance in place, you can enjoy your boating adventures without worry. Reach out to Burton & Company today to find out how we can give you the protection you need on the high seas. For more information about acquiring boat insurance, give us a call at (888) 652-1325 or request a quote online today.
