Watercraft insurance protects watercraft with motors from loss and damages.
Smaller watercrafts are covered in some homeowners policies that may require a separate watercraft insurance policy.
A typical policy offers collision damage, property damage liability, bodily injury liability and comprehensive coverage. Additional coverage options like medical payments, oil spills and roadside assistance may be added for an additional cost.
The cost of boating insurance varies by state, size, type and age of the watercraft, the size of the motor and the type of water it will be used in as well as any extra coverage the policyholder wants to add.
Some insurance companies offer discounts for watercraft insurance just like they do for auto insurance. For example, you may receive a discount if you have a good driving record or have taken a boating safety course.
Whether or not your watercraft requires insurance depends on the state laws and marina regulations. Some states require liability insurance and some marinas require insurance in order to be able to dock your boat.
Watercraft insurance quotes are available online or you may speak to your insurance agent to find the best affordable watercraft insurance to keep you protected.