To Cover Me or My Family
Boat Insurance

Like auto insurance, perhaps the most important part of a boat insurance policy is the liability coverage.  If you cause injury or death to a person or damage to someone else’s property as a result of a boat accident, that person (or their family) will likely sue you.  They may be able to take your assets including your home.  It is important to have strong liability coverage in your boat policy.  In addition, here are some other key considerations when reviewing your boat coverage…

Agreed Value vs. Actual Cash Value

This is an important part of your insurance policy that helps determine how much you are reimbursed for a total loss.  Agreed value is the stronger type of policy.  It stipulates that the policy will reimburse you a set amount so that you can choose to purchase a replacement boat.  Actual cash value stipulates that the policy will reimburse you based on the depreciated value of the boat taking into consideration the age and use of it. 

Personal Property Coverage

This will protect you from losses to property such as furniture, radios, etc… due to a covered loss. 

Discounts

If you take and pass a safe-boating course you may be eligible for a discount of up to 10%.  There are other discounts available if you have a built-in fire extinguisher, burglar alarm system, or other safety devices.  Of course, you will receive an additional discount on your home, auto, and boat policies if you have all three with the