Understanding Boat Insurance
A boat is a large investment of time and money, so why wouldn’t you want to protect it with Boat Insurance? Similar to your car, it requires a separate policy that caters specifically to its model and usage.
Your Auto or Homeowners Insurance won’t be enough to cover you if something unexpected and unfortunate occurs to your watercraft. The right coverage will provide you with the peace of mind that your boat is protected in the case of an accident, injury, damage, vandalism and more. There are also additional coverages you can add to your policy to better protect your boat on land while it’s being towed or in storage.
What Are My Boat Insurance Coverage Options?
This coverage pays for physical injury to the person of a Third Party. This includes sickness, disease, pain and suffering, emotional distress, loss of income and even death.
This coverage pays for damage or destruction including loss of use of a Third Party's property. Reduction in value is the measure of property damage.
Collision coverage pays for damages upon impact with another vehicle, object or person outside the vehicle, and the upset (overturning) of such vehicle. This coverage is often subject to a deductible.
Comprehensive coverage pays for direct and accidental damage to the insured's vehicle other than that caused by a collision. All losses not specifically excluded are covered and such coverage is usually subject to a deductible.
This coverage replaces total losses with the latest model (new-for-old) or, if not available, a comparable model.
Uninsured Boater coverage pays for medical treatment, wage loss and other damages sustained as a result of a boat accident where the liable boater does not have Liability coverage.
The Actual Cash Value is determined by the market value, age and condition of the boat at the time of the loss.
Disappearing Deductibles provides a reduction of 25% in Comprehensive and Collision deductibles for each claim-free renewal period.
This coverage pays for towing and labor costs on a reimbursement basis.
In the event of a total loss, our expanded Agreed Value guarantee pays you the amount originally spent for the boat or the appraised value, with no deduction for depreciation and no deductible.
Insuring with AIS Will Keep You Afloat
No two Boat Insurance policies are the same. Our Boat Insurance Specialists find the policy that best matches your needs and budget. We partner with top insurance companies, making it easy to compare Boat Insurance quotes for the best coverage and price. We save you time and money and will always be there to mediate between you and the carrier.
Call us today at (800) 449-8943 or provide some basic information online for a free quote.