Common Boat Insurance Coverages / Definitions:
Hull & Motors Coverage:
Provides for repairs and/or replacement in the event the boat or motors are damaged in a covered loss.
Don’t forget all the fishing gear and equipment you have on your boat. If items on your boat are not permanently attached, they may not be covered under the basic policy. This coverage provides for the replacement of stolen or damaged accessories on your boat.
Although your auto insurance policy may extend liability coverage to your trailer and boat while in tow, it does not include physical damage coverage. This coverage pays for such damage to your trailer.
Provides protection in the event that you are held legally responsible for a boating accident or mishap that includes injury to others or damage to other boats and property.
This coverage pays medical expenses up to certain limits for non-household residents.
Reimburses varying amounts for on-sea towing depending on the policy.
Common Boat Insurance Discounts:
- Certified safety course
- Good driving history
- Financial responsibility
- Areas of use