What Does A Boat Insurance Cover?

Boat insurance is a confusing topic in insurance. Many boat owners wonder if they really need boat insurance for their vessels. Sometimes, your homeowners’ insurance policy intersects with your boat insurance. However, the coverage for your boat is very limited under your home insurance and often not enough. You need a separate insurance policy for your boat. But what is boat insurance really about? What does boat insurance really cover?

What’s Covered Under Boat Insurance?

These are some of the most common questions among boat owners in New York. Boat insurance provides coverage in the event of loss or damage to your vessel. Most watercrafts with motors, including yachts, leisure crafts, paddle boats, pontoon boats, and fishing boats need boat insurance. In most cases, boat insurance doesn’t cover personal watercraft (PWC), kayaks, and canoes. If you are looking for boat insurance in Ballston Spa, NY, Zapp Insurance Agency can help you get the coverage you need.

Coverage Options

Boat insurance will cover your watercraft if it’s stolen or damaged. If you damage someone’s property or cause injury with your boat by accident, your boat insurance coverage will help cover the loss. Below are some of the coverages included in a standard boat insurance policy.

  • Bodily Injury Liability. It covers injuries caused to other people by accident. It pays for medical bills, compensation for pain and suffering, loss of income, etc.
  • Property Damage Liability. Pays for damages caused to other people’s property including other boats and structures such as docks.
  • Collision and Comprehensive. Covers damage from accidents with other boats, theft, fire, and natural disasters.

There are additional coverage options to consider when it comes to boat insurance. These include uninsured or underinsured protection, oil spills, fishing equipment, and medical payment. If you are looking for boat insurance in Ballston Spa NY,  Zapp Insurance Agency is the place to go. Give us a call if you need more information on offered boat insurance coverages.