Just like a car or truck, a boat should be protected in the event of an accident or catastrophe. Watercraft insurance safeguards boats and other aquatic equipment, as well as the people who operate these vessels. To better understand boat insurance, below are answers to some frequently asked questions on the subject.

4 Watercraft Insurance FAQs

What Coverage Is Available for My Boat?

There are several types of insurance coverage you can get for your boat, and an insurance agent can customize any plan to meet your needs. In addition to liability and physical damage coverage, you have options such as underinsured or uninsured bodily injury protection, fuel spill liability and wreckage removal, and coverage for your personal items and fishing equipment stored on the boat. Your insurance agency will work with you to find the best solutions for ensuring the most comprehensive coverage.

Do I Need Watercraft Insurance?

No state requires watercraft insurance, but having it is always a wise choice. You wouldn't get behind the wheel of your car without proper insurance coverage, so why should it be any different when it comes to your boat? Also, considering the fact that boats are much more vulnerable vehicles, as they are exposed to all weather conditions, added protection is a smart decision.

Can I Cancel My Policy During the Winter Months?

It might sound logical that during the winter when your boat is not in use, you should simply cancel your insurance policy until boating season returns. But this is not advisable as watercraft can be susceptible to potential threats even when stored away. Fire, flooding, theft, and vandalism are all possibilities, and you could be held responsible for an injury that happens on or around your boat, even if it's in storage.

How Much Does Watercraft Insurance Cost?

This depends entirely on the make, model, age, and condition of your boat as well as the insurance plan and coverage options you select. Even the location of your boat can impact the cost of your insurance. Your insurance agent will go over all of your options with you and help you identify the most effective policies for protecting your watercraft and those who use it.

Dunlap Agency has been offering watercraft insurance to the Fairbanks, Alaska, area since 1986. Call (907) 456-5202, visit their website, or connect with them on Facebook to receive your free insurance quote today. Take care of your boat and everyone who enjoys it by investing in watercraft insurance.