As a boat owner, you know the excitement of being out on the open water. Along with the fun and thrills, you also want to make sure that you and your vessel are well protected. That’s where boat insurance comes in.

Boat Insurance FAQ

What Does Boat Insurance Cover?

While policies differ, most boat insurance offers similar types of coverage. This includes funding for the repair and replacement of the boat, damage to someone else’s boat, and bodily injury. Additional insurance is also available for theft and vandalism.

Am I Obligated to Cover My Boat?

This usually depends on the state. In Alaska, boating coverage is not mandatory, which means you won’t be penalized for not having a policy in place. However, without the proper coverage, you will be on the hook for expensive repairs or medical bills.

Are Passengers Also Covered?

Liability insurance does include passengers on a boat as well as the driver. But if you routinely water ski from the back, you may want to check in with your insurance agent. In some cases, this activity is not covered, which puts you in financial danger if there's an accident.

How Much Boat Insurance Should I Purchase?

This typically depends on the type of vessel you have. For instance, those with high-speed boats are encouraged to purchase more insurance since they have a greater risk. How often you head out onto the water also plays a role. Therefore, ask an agent for recommendations.

In Kodiak, AK, Sweeney Insurance Agency strives to protect all boaters no matter their needs. That’s why this independent insurance agency works one-on-one with clients to ensure they have a sufficient amount of coverage. If you’re concerned about cost, they’ll work with you to secure the most reasonable price so you can remain protected. Visit them online to request a boat insurance quote today. Or call (907) 486-3101 to speak about their other services.