Ah, boating. Whether you enjoy taking your boat out for a ride, waterskiing or fishing, boats bring joy and relaxation. Like any vehicle, there comes risks with operating a boat and understanding your insurance coverage is crucial. While having a conversation with your local insurance agent can clarify any of your questions, we’ll share the five most common boating claims and the insurance that can cover it.
But first, you may want to know what some boat insurance coverages are. Coverages may include collision, property damage, liability, towing and assistance and comprehensive coverage. If you have a small watercraft, talk to your agent to see if your home insurance provides any coverage and if that makes sense for your situation.
Boat insurance cost varies for each individual such as your boat’s value, size, year, how you plan to use it and how much insurance coverage you want.
5 Common Boating Claims
Injury – Need Bodily Injury Liability Coverage
Injuries on the water are common. If you caused somebody to get hurt in another boat or one of your passengers were injured, there are insurance coverage options. Bodily injury liability can cover medical bills, lost income, pain & suffering and legal expenses. Be sure you know how much you are covered for. Also, if you plan to use your boat for waterskiing or wakeboarding, talk to your agent about the specifics of your coverage for passengers if they were to get hurt while skiing.
How to lower your risk for a boating insurance injury:
- Take a boating safety class.
- Always have a life jacket for everyone on the boat. Be sure they fit the proper requirements.
- Be a defensive driver. Always be aware of your surroundings when driving your boat.
- Never drink and drive.
Hitting an underwater object – Need Collision Insurance Coverage
This potentially could cause major damage to your boat. Many boat claims come from hitting a rock or other submerged object you can’t see in the water.
How to lower your risk:
- If your boat has a depth sounder, always pay attention to it while driving.
- Follow the proper path for marked channels & be aware of water hazard markers.
Theft or Vandalized– Need Comprehensive Insurance Coverage
Comprehensive coverage will cover if your boat is stolen. It may or may not cover the items inside your boat. Talk to your agent about the details of your insurance policy.
Weather Damage – Check with Your Local Agent
Depending on where you plan to boat, there are always chances of a wind storm, lightning or hurricane. Speak with your agent to know if your boat is covered from any storm damage, as well as flood damage.
Accident with another boat or object– Need Collision Coverage
This may be covered with your standard boat insurance policy. Talk with your local insurance agent to go over specific scenarios where coverage may vary.
Many additional boat insurance options exist. We have policies that will cover your personal items while on the water such as fishing equipment and wakeboards. Want to be sure you get the right boat insurance policy? Call our licensed agents at Michael MacDonald Insurance. We’ll find ways to save you money & help explain your insurance coverage so you know exactly what you are covered for.