Watercraft insurance is an insurance policy that provides coverage for boats and personal watercraft. Watercraft insurance, most commonly known as boat insurance, covers many different types of watercrafts.
You can purchase watercraft insurance for a wide variety of boats with motors, including:
Usually excluded from the list of insurable watercraft’s are canoes, kayaks, and personal watercraft.
Watercraft insurance protects you, your boat, and your passengers while on the water, in transit, and even in storage (your boat, not your passengers). You’ll be insured against theft, damage, and liability, while also making sure you get compensated if another boater or operator is uninsured or underinsured.
Specifically, when you work with Click2bind, we’ll make sure you’re covered for the following if applicable:
Depending on the state where you reside, it may be required by law to carry watercraft insurance. And, if you’re financing your boat, then this insurance will be mandated by your lien holder.
Many boat owners argue that they don’t need insurance because they only use it seasonally. We strongly advise to have a policy because not only do you have protection while you’re out on the water, but you’ll also be covered while your boat is in storage. In cases of fire, theft or vandalism, we think it’s better to be safe than sorry. This is especially true because many policies cost only a dollar a day.
Perhaps the most compelling argument to purchase watercraft insurance has to do with the fact that it’s not required. This means that there’s likely to be a high number of uninsured boaters on the water. If something happens and the other person is at fault, you’ll be left high and dry if you don’t have your own insurance.
You’re enjoying a day on the water, and your boat hits a rock, causing extensive damage. Fortunately, if you have Collision or Property damage included in your policy, this event would be covered by your insurance.
As an independent agency, we have access to multiple carriers. We do all the research and comparison shopping for you, helping you lock in the most competitive prices while getting a plan that best fits your needs. We take a data-driven approach to find the perfect policy so that you have the coverage you need without paying for the things you don’t.
What is the difference between Recreational Vehicle and Watercraft Insurance?