Do You Need a Boat Insurance Policy?

Family enjoying sailing on a sunny day.

In 2015, the Coast Guard counted 4,158 recreational boating accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property. If you own or regularly operate a boat, you probably need more coverage than your homeowners policy provides.

A survey by one insurer found that 29 percent of all boat owners Continue reading “Do You Need a Boat Insurance Policy?” →

Insuring Your Boat

Couple enjoying a boat ride together.

A survey by one insurer found that 29 percent of all boat owners did not have a separate watercraft insurance policy. This could be a mistake.

 

 

Many boat owners mistakenly think their homeowners or personal auto policy will provide coverage; however, the standard homeowners policy limits property damage coverage for boats to $1,500—far less than the value of most recreational boats. Continue reading “Insuring Your Boat” →

Insuring Your Boat

People jumping off boat into the water.

In 2013, the Coast Guard counted 4,730 recreational boating accidents that involved 736 deaths, 3,358 injuries and approximately $36 million dollars of damage to property. If you own or regularly operate a boat, you probably need more coverage than your homeowners policy provides. Continue reading “Insuring Your Boat” →