What You Need To Know About Boat Insurance

When you think about staying safe out on the water, a few things probably come to mind. You think of life vests. You think of a solid hull. You think of floatation devices. What you may not think of, however, is how to deal with the financial repercussions after a boating accident. After the dust (er, water) settles, how will you cover the costs? Protect yourself with a boat insurance policy. So you can best understand that coverage, here are a few answers to boat insurance’s most frequently asked questions.

  • Why Get It? Unfortunately, your homeowners insurance won’t stretch to protect your boat. Some policies might cover a boat without an engine, but if you’re paying tens of thousands of dollars for your boat, your existing policy is just not going to cut it for coverage.
  • What’s It For? Your boat insurance policy will cover your liability if one of your passengers gets injured on your boat, and will help cover the costs if your boat gets damaged. It can also step in to foot the bill for property damage your boat causes and your medical bills if you get hurt while on your boat.
  • What About Towing? When your boat is being pulled behind your vehicle, it’s actually covered by your auto insurance policy. That’s why it’s important to review your coverage limits, making sure your auto insurance is sufficient to protect your valuable boat.

Fortunately, you don’t have to be an insurance expert to protect your watercraft. To get the perfect boat insurance policy for smooth or stormy waters, contact North American Underwriters. We serve Bristol, Plainville, Farmington, and the rest of Connecticut and are here to help you get the anchor you need to have peace of mind out on the water. Don’t renew until you call NAU!