Boating is a great summertime activity for anyone who enjoys a day of fishing and relaxing on the water. If you’re a boat owner, it’s important to purchase a comprehensive boat insurance policy that covers the cost of your watercraft and provides liability coverage. The team at North American Underwriters in Farmington, CT, wants to help you understand how to determine what boat insurance will cover.
Boat insurance covers the cost of your boat if it is lost or damaged and protects you if you accidentally injure another person or cause property damage while boating. If you own a boat with a motor, such as a fishing, pontoon or paddle boat, it likely can be covered. Sailboats, personal watercraft and yachts can be covered as well, but typically boat insurance does not protect canoes or kayaks.
The insurance that protects your boat depends on where the accident happens. Boat insurance covers your boat only when it’s in the water. If you’re driving with your boat attached to your vehicle, your auto insurance policy provides protection if you’re in an accident. Any accidents that occur while your boat is parked on your property may be partially covered by your home insurance policy.
Depending on your insurer, you may be able to purchase separate coverage or add a special endorsement for your boat. To fully protect your boat in every situation, discuss purchasing an umbrella policy with your insurance agent. Umbrella insurance provides extra liability coverage above the limits of your boat, auto and home insurance policies.
Don’t wait until you’re in an accident to get insured. North American Underwriters is an independent insurance agency that provides affordable, comprehensive policies to individuals and businesses. Call (860) 674-4000 or visit them online to learn more about their services.