Boat Insurance

Not sure what to look for when looking for boat insurance? Keep in mind the basic coverages are very similar, but these are unique to boat insurance.

On-Water Towing and Labor Coverage Service

This pays for towing and labor costs up to approx. $1,000 per occurrence while the boat is in the water. This is usually a reimbursement coverage.

Fishing Equipment Coverage

This coverage pays for loss or damage to fishing equipment while on board an insured boat or while being carried on or off an insured boat. Theft is usually supported by visible evidence of forcible entry. A tackle box is considered one item regardless of the number of lures, hooks, baits and other items stored in the container.

Fuel Spill Liability

Ccoverage for unintentional oil or fuel spills that result in bodily injury or property damage for which the insured is legally responsible because of an accident arising out of the ownership, maintenance, or use of the insured boat.

Wreckage Removal

Covers reasonable costs incurred by the insured for any attempted raising, removal or destruction of the wreckage of an insured boat/PWC resulting from any loss for which physical damage coverage is provided. The limit of liability varies based on whether or not the insured is legally required to raise, remove or destroy the boat/PWC.

Navigational Area

The policy provides coverage for navigation of all inland lakes, rivers and navigable waterways of the continental United States and Canada including ocean waters 50 miles or less from the coast of either the United States or Canada. This does not include the territory or territorial waters of any country other than the United States or Canada. There are no restrictions or surcharges when the insured takes the insured boat out of the home navigational waters.