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On a warm, beautiful day, nothing beats taking a boat out on the ocean to soak in the sunshine and blue skies. Unfortunately, accidents do occur on waterways that can result in damage to vessels. This is where having a comprehensive boat insurance policy in place can offer peace of mind. Here are several key areas that a standard plan will cover.

What Does Boat Insurance Cover?

Damage to Other Boats & Passengers

Most policies will pay for damage caused by the policyholder to another boat owner's vessel. The coverage may also extend to injured passengers on the other boat as well. In some instances, this insurance policy can offer financial protection against any legal claims filed.

Damage to Your Boat

insuranceBoats damaged by natural disasters or involved in collisions are also covered by standard boat insurance policies. Most carriers will pay for the repair or replacement costs. Coverage is available for a range of boats, such as wave runners, fishing boats, yachts, and paddle boats, and typically includes protection while the vessel is in the water or on land.

Medical Expenses

If you or your passengers are injured while on your boat, a standard boat insurance policy will pay for the medical expenses. These costs can include hospital stays, urgent care, physical therapy, and prescription medicine. Depending on the policy, the coverage might also include wage loss compensation while the injured person recovers.
 
 
Just as drivers want financial protection while cruising on roads and highways, boat owners are encouraged to have boat insurance on the waterways. Let the experienced team at Mutual Underwriters help you secure affordable and comprehensive coverage to protect you, your passengers, and your vessels. For a free, no-obligation rate quote, call (808) 532-2888. You can also visit the website for more information on insurance options. For your convenience, the agency has five offices in Honolulu, Waipahu, Maui, Kona, and Hilo, Hawaii.
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