Get a Boat Insurance Quote From Insurance Navy
“Why do I need boat insurance? I don’t plan on sinking my boat,” is a common thought amongst new boat owners, and is usually followed by regretting not having a boat insurance policy. Of course, nobody plans on sinking their boat, but things may happen to your beloved watercraft that are out of your control. Insuring your watercraft isn’t just a way to protect your boat; it’s a way to protect yourself.
If your boat hits someone else’s property and you do not have boat insurance, then you are completely responsible for the bill. Boat insurance covers any incidents so long as they are due to non-recklessness or self-inflicted wear and tear.
Get a boat insurance quote today to ensure you have peace of mind, no matter what the open water throws at you/
What is Boat Insurance?
Boat insurance is an insurance plan that covers your personal watercraft, or PWC, which is something that most home insurance plans do not cover. If anything happens to the boat while it is on the water, or if the boat causes damage to someone else’s property, your insurance policy will help cover the costs.
The insurance plan you select makes a huge difference. You definitely want an affordable insurance plan that offers the highest amount of coverage. A Boat insurance policy can offer compensation for:
- Items lost in a fire
- Destruction of your boat
Despite its name, boat insurance does not just apply to the traditional boat.
Why Do I Need Boat Insurance?
Boating Insurance does not just apply to boats; if you operate any watercraft that travels over 25mph, you need your boat insured. Vehicles that are covered by boat insurance include:
- Fishing boats
- Jet Skis
The exact coverage that your insurance policy includes may vary based on what type of PWC or boat you’re operating. However, most of them enjoy similar types of protection.
Boat Insurance Coverage
Insurance for your boat secures you from being liable for a number of things. Here are some of the benefits you can enjoy if you have your boat insured.
Out on the open water, boats are constantly exposed. If your boat is stolen while you are away, boating insurance can help cover this loss. You can even have your boat replaced if it is non-recoverable.
Property Damage Insurance
Insurance for your boat covers any damages you may cause to property. Property damage covers a few different things, including:
- Self-inflicted property damage
- Damage to someone else’s property
- Damage to your property that’s not caused by you
Self-inflicted property damage refers to situations in which you accidentally cause harm to your boat, such as by bumping into rocks or logs. If the thing you crash into belongs to somebody else, then that’s damage to someone else’s property. For example, if you unintentionally crash into someone’s boat or dock, you are financially responsible if you lack insurance. On the flip side, it also protects you from the destruction of your own boat should someone else damage it.
Medical lawsuit Insurance
If you accidentally injure someone while operating your boat, you will be held responsible for their medical bills and legal fees—unless you have liability insurance. Boating insurance covers almost any possible scenario; even if your dog bites a passenger, you are safely covered. Boating insurance takes care of all medical bills, legal fees, lost wages (for instance, if someone is out of work due to the accident), and much more.
Flooded Engine Insurance
In the unfortunate occurrence that your boat sinks or gets flooded with water, it can cause irreparable damage to your engine. Fortunately, this is a type of engine issue that insurance can help with. If your engine breaks down due to flooding or water damage, boat insurance will cover it.
Uninsured Coverage Insurance
If someone hits your personal watercraft and they are uninsured, you need to have coverage. Since your insurance will bill the other party, you do not have to worry about anything. Moreover, if anyone is injured while on your boat due to the recklessness of the uninsured boat, they are covered as well under your insurance.
By this point, it’s pretty clear why marine insurance is necessary for any boat owner. However, you may still have some questions about the process, such as the costs involved. Finding a good policy with solid coverage that doesn’t cost an arm and a leg may sound difficult, but knowing where to go definitely facilitates the process.
Personal Watercraft Insurance Costs
Prices vary depending on who you get your insurance quote from. The average boat insurance costs between $200 and $500 a year, with different plans offering different levels of coverage. The prospect of contacting multiple insurance companies just to find one that meets your needs may make the whole idea of getting insurance too exhausting. Fortunately, Insurance Navy can help you find an insurance policy that’s both affordable and provides the right amount of coverage for your boat.
Our dedicated team at Insurance Navy works with clients to help them find a policy that best suits their needs. We offer coverage across the U.S and Canada and will also provide coverage when your boat is within 70+ miles offshore, doing our best to give you the maximum level of protection. Most importantly, we aim to give boat owners honest and fair rates. Nobody should be paying an overly high amount of money for a basic insurance policy. At the same time, nobody should be paying anything, no matter how small, for a policy that doesn’t actually provide adequate coverage in the case that an incident does happen. We make sure that you get your money’s worth with an affordable quote.
Get Your Boat or Yacht Insured
Any boat owner knows that having insurance for their boat is essential if you want to be protected. Even if it may seem unnecessary, you never know when an accident could occur. Insurance Navy provides the best insurance quotes around and gives amazing customer service, along with a broad network of various insurance plans. Call to get a quote from Insurance Navy and see for yourself!
Below is a list of boats and personal watercraft we insure are:
- Bass and fishing boats
- Pontoon Boats
- Personal watercraft (PWC, including jetskis)
However, there are boats and personal watercraft we are unable to insure including:
- Boats over 50 feet in length or value at more than $350,000
- Personal watercraft worth more than $27,000
- Boats with max speed over 75 mph
- Boats that do not meet U.S. Coast Guard standards
- Boats used as residences
- Homemade boats with no serial number
- Houseboats with no motors
- Boats with more than two owners
- Steel or wood hulls