Watercraft Insurance

Before you hit the open water, make sure that you have protection from the right watercraft insurance policy first. You’ll most likely save money too!

If you’re a boater, it’s impossible to ignore the call of the open water.  However, it’s important that you don’t forget about safety in your excitement to hit the water.  Every time you take out your boat or personal watercraft, you are engaging in a risky activity.

This is why it’s so vital that you take the necessary precautions to protect yourself, your boat, and those around you.  One of the best things you can do to stay safe is have the right insurance in place.

Not sure which coverages are best for you?  Then turn to the trusted experts at Powersports Insurance Agency.  Because of our many companies and options, we offer some of the lowest pricing in America.

Types of Boats We Insure

All types of boats – From Jet Skis to Yachts.

Cruisers, Sail Boats, House Boats, High Performance Boats, Fishing & Bass Boats, Jet Boats, Inflatable Boats, Pontoon & Deck Boats, Ski & Wake Board Boats, Personal Watercraft, and Kayaks.

Important Watercraft Coverages

Liability Coverage: This type of insurance will provide coverage for the injuries or property damage that you might cause to another party during a boating accident. This coverage can also assist with the costs associated with wreck removal and fuel spill clean-up liability imposed by a state or the Federal Government.

Uninsured Watercraft Coverage: More than half of all boaters do not carry insurance. This is why it’s so important to have uninsured watercraft insurance.  This type of insurance will provide coverage for the repairs and medical treatment that you and your passengers might require following an accident with an uninsured boater.

Loss and Settlement Options

Total Loss Replacement Coverage Settlement: This option is usually available on new or close-to-new boats.  This coverage replaces a totaled boat with a brand new model of similar make and quality.  In many instances, this option does not cost too much more than Agreed Value and it is well worth the extra premium cost.

Agreed Value Settlement:  If your boat is damaged, then this option will pay you the previously agreed upon amount for your settlement.

Actual Cash Value Settlement:  This coverage is less expensive and may be the only option for some older boats.  The payment for a loss is the actual cash value of the boat at the time of the loss.  Usually companies use values from the Kelley Power Sports Blue Book or the NADA to help adjust the claim.

Disappearing Deductible Option:  If available, this endorsement reduces the deductible by 25 percent at each claim free renewal.  The renewal insurance policy, after four claim-free years, drops to zero.  After a claim, the deductible returns to the original amount.

Interested to see what the right watercraft insurance can do for you?  Then contact the experts at Powersports Insurance Agency for assistance with your coverage needs.

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Specific Optional Coverages

Medical Payments Coverage – Helps cover the medical expenses resulting from a boating accident. This can include medical payments for wake boarders and water skiers.

Personal Property Coverage – This coverage pays for loss to personal property that is stored on the watercraft. Many of the companies we offer provide Replacement Cost Settlement for your personal effects kept on your watercraft.

Watercraft Trailer Coverage – In addition to your boat, we can also insure your boat’s trailer.

24-hour Roadside Assistance –This covers the trailer and tow vehicle, even if we don’t insure the tow vehicle.

Emergency Service & Towing Coverage – The endorsement will cover on-water towing, jump start or fuel delivery.

Emergency Haul-Out Coverage – This coverage help pay the cost to haul the boat out for safety when there is an impending storm.

Pollution Liability Coverage – Includes coverage for fuel and pollution cleanup liability.

Fishing Tournament Reimbursement Coverage – Provides reimbursement for out-of-pocket fishing tournament entry fees if the insured is unable to participate in a tournament due to a covered loss.

Wreckage Removal Coverage – Covers costs for wreckage recovery or disposal.

Pet Coverage – Provides coverage for injuries to your pet as a result of a covered loss while riding in your boat.

Boat Lift/Hoist/Cradle Coverage – Provides payment for covered damage to an insured’s boat lift, cradle, or hoist.

We strive to save you money on your boat insurance premium.

All of our watercraft insurance companies offer different discounts.  Our job is to offer you great coverage while finding you the lowest premium.  We succeed where other insurance agents fail, especially when it comes to getting you the discounts you deserve.

A few of the biggest boat insurers only push one company at whatever the pricing.  They are great at marketing but don’t get you great value at the lowest premium.

Let us go to work and find you the marine insurance company that best fits your needs and gets you the lowest pricing.

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