Watercraft & Boat Insurance

Going out on the water without the right coverage exposes you to financial risks that can be severe. A single accident, theft or storm can leave you responsible for repair costs, medical bills or liability claims that far exceed what most boat owners expect.

Boat insurance exists to financially protect you from those costs, and choosing the right policy is one of the most responsible decisions you can make.

What Is Boat Insurance and What Does a Standard Policy Cover?

Boat insurance is a specialized policy designed to help cover watercraft owners against the risks that come with owning and operating a vessel. A standard policy typically includes:

• Physical damage coverage—May help cover your hull, motor and onboard equipment
• Liability coverage—May help cover bodily injury or property damage you cause to others
• Uninsured watercraft coverage—May help cover costs if you are involved in an accident caused by an uninsured boater

Coverage limits, deductibles and available endorsements vary by insurer and policy, so reviewing your options carefully is worthwhile.

How Does Boat Insurance Work?

When a covered event occurs, you file a claim with your insurance company, which then evaluates the loss and may pay out up to your policy limits, minus your deductible. Some policies cover your boat on an agreed value basis, others on an actual cash value basis.

The difference matters when settling a claim, since actual cash value accounts for depreciation while agreed value does not. Our team can walk you through which approach makes more sense for your situation.

Get the Coverage Your Boat Deserves

Boat ownership brings freedom and enjoyment, but it also brings financial responsibility. Contact The Insurance Station today to review your options and find a policy built around how you use your vessel.