Boats and PWCs are a ton of fun, and a lot of money. Very much worth the money though if you use them a lot and love being on the water. Like a car though, they need protection. They need independent protection aside from what your homeowners may offer.
Let Willard Insurance take away your stress and worries while you’re on the water enjoying your watercraft by finding the perfect insurance coverage for your watercraft and everone on board. You will enjoy your watercraft even more when you don’t have the stress on your mind. The cost may surprise you when it averages less than a dollar per day.
Willard Insurance can help you get the perfect policy for your watercraft to fit your needs.
Liability insurance on a watercraft is similar to that of an automobile. Your liability coverage will pay to repair/replace the other persons property and medial care, lost wages and other costs incurred as a result of a boating accident in which you’re at fault.
Agreed Value Coverage
Like automobiles, watercraft depreciates almost immediately once you buy it. That makes it difficult when it comes to replacing the watercraft in the event of a theft or any other action that would destroy the watercraft. If your watercraft is a total loss, you get the amount that you insured it for, after your deductable has been paid.
This will cover the cost needed for medical care that’s resulted from a boating accident. This coverage is available from as little $500 up to $10,000 which covers all persons on board your watercraft, including those being towed, regardless of who is at fault.
Physical Damage Coverage
This pays the cost to repair or replace your watercraft or anything permanently attached, as well as the trailer if it’s stolen or damaged.
Un/underinsured Watercraft Bodily Injury
Unlike automobile insurance, boaters insurance is not mandatory and many boaters do not get the insurance. Thus, if you’re hit by a boater without the proper amount of insurance, this coverage pays for medical treatment, lost wages, and other costs associated with the accident.
Fuel Spill Liability and Wreckage Removal
If your watercraft happens to be seriously damaged and/or sink, it could possibly leak oil and fuel into the water. If this happens, you’re responsible by law for the cleanup. This can be very expensive and time consuming.
This coverage is for many of your personal effects including your clothes not including fur, jewelry not including watches, cell phone, scuba/snorkeling equipment, and your fishing equipment.
Unattached Equipment Coverage
This pays to repair or replace anything relating to a watercraft that isn’t permanently attached such as life vests, skis, anchors, oars, etc.
Similar to automobile roadside assistance, this covers towing, labor, delivery of gas, or battery replacement if the watercraft is disabled while on the water.