Boat Insurance Basics
Let’s start with the basics: what is and isn’t covered? The short answer is it depends on your policy, whether it’s personal or commercial use, and the value of your craft. Some common components of your boat policy may include:
– Third party liability coverage (covers you and other people on your boat)
– Collision coverage (covers damage to your boat from a collision with another object that was not the result of an act of God; for example, hitting shoreline rocks can be covered under collision, but hitting another boater wouldn’t be)
– Comprehensive coverage (covers the cost of damages to your boat not covered by collision; includes weather damage, theft, fire or explosion; this is often unnecessary unless you have a really nice boat worth protecting with extra insurance)
– Bodily injury (defensive driving courses can reduce your rates here)
Coverage Made Easy
Our team is here to help ensure you’re covered for whatever your needs may be. Remember, it’s best to get your policy in place prior to taking the boat out on the water. Call the helpful agents at Rightway Insurance now to set up a free consultation and find out more.
