When you spend your time and money to buy and care for a watercraft, it is important that you protect your investment with the right type of boat insurance from a reputable insurance company.  To help you understand your options, Somers Agency, the leading seller of boat, motorcycle, and car insurance in Lorain County, OH, answers some frequently asked questions about boat insurance in the sections below. These should help you choose the right kinds and amounts of coverage for your watercraft.

Boat Insurance FAQs

What Does Boat Insurance Do?

Boat insurance protects you against the cost of damage to your own boat in the event of a collision with another boat or other marine objects. It also protects you from liability should you injure someone else or damage their property while on the boat and pays the legal costs if you are ever sued for causing such damage or injury.  

What Types of Boats Are Covered?

Boat insurance typically covers sailboats, as well as fishing boats, speed boats, pontoon boats, yachts, and other motorized boats. It normally does not cover kayaks, canoes, or personal watercrafts, like Sea-Dos.

Does Boat Insurance Cover Passenger injuries?

Boat insurance usually covers injuries to the owner, the owner's family, and unrelated passengers. Typically, passengers are covered under your policy's liability component. Consult your insurance company for the particulars of how your coverage operates.

Does Boat Insurance Cover Theft?

If you carry comprehensive coverage on your boat, it covers financial losses due to theft, fire, vandalism and other unfortunate events.  However, it usually only covers theft of the boat. Objects stolen from within the boat are typically covered by your home insurance or renter insurance policy.

Is Boat Insurance Required by Law?

Although some states require you to maintain a certain amount of boater's liability coverage, boat insurance is not required by law in Ohio. Nevertheless, it is a good idea to purchase coverage to protect your investment and your assets.

As an independent agency, Somers Agency in Lorain County, OH represents a wide selection of insurance companies. This enables them to find you the best rate and policy for your individual needs. Visit their website for hours and directions, or call (440) 324-3447 to request a quote.