What Does Boat Insurance Actually Cover

While not all states require boat insurance, it is always a good idea to have it. Boat owners in Saratoga Springs and Ballston Spa, NY are not required by law to have a policy for their boat, but considering the potential dangers, it would be crazy not to at least think about having one. Before you decide if you need a boat insurance it is important to understand what boat insurance actually covers.

Collision damage

Probably the most often used part of boat insurance is collision damage. It covers any damage caused by, you guessed it, collisions. Collisions can range from small bumps when you are hanging out at a sandbar or in the marina, or catastrophic collisions that render the boat irrecoverable.

Property Damage Liability

This will cover any damage that you cause either by accident or because you didn’t pay attention. This can happen quickly. You go to fast into the marina and bump into neighboring boats, or you hit the mooring and something gets damaged. This happens more often than you might think.

Bodily Injury Liability

This will cover any personal injuries that were caused by the usage of your boat. It includes passengers riding with you and people on other boats or in the water. It typically covers hospital bills, pain & suffering, lost wages, and legal expenses.

Comprehensive coverage

This type of coverage includes any damage caused by what the industry calls "acts of God" and non-collision incidents. For example, if your boat is stolen, sinks in a hurricane, is vandalized, or otherwise damaged outside of a collision, this coverage kicks in.

In addition to the above 4 pillars of boat insurance, you can also add a variety of additional insurance options. It is best to discuss your options with an experienced agent from Zapp Insurance Agency covering boat owners in the Saratoga Springs and Ballston Spa, NY area.

For more information, contact Zapp Insurance Agency. Our agents can help get you set up with boat insurance so you are protected on the waterways.