A boat, like a car, is an investment. And while the laws are not so rigid regarding the need for boat insurance as they are for automobiles, accidents can still happen on the open water, which you’ll want financial protection from. The guide below explains what damages are covered by this type of policy. 

What Is Generally Covered?

While it depends on the provider, boat insurance usually pays for damages caused by collisions on the water, including the hull and other permanent components like the motor, fuel tanks, and onboard equipment. It also generally helps with non-collision losses like those due to fire, flood, vandalism, and theft. Finally, and arguably most helpfully, it pays to treat or repair injuries or property damage you accidentally cause to others, as well as any legal costs arising out of the incident.

What Is Not Covered?

Most policies neglect to include wreckage or oil cleanup coverage, though these can be added for an additional fee. You will also need to speak to your agent specifically about protections for a boat trailer or any fishing equipment you may have onboard. Finally, some watercraft, such as kayaks or canoes, are typically not applicable for this type of coverage.

Being Proactive

While insurance can give you some necessary peace-of-mind about accidents outside of your control, there are also some steps you can take to reduce the need to make an insurance claim in the first place. Therefore, always check the weather forecast before you set sail, keep fire extinguishers on board the boat, and get your watercraft inspected regularly for issues.

For specifics about what your boat insurance policy does and does not cover, contact the professionals at Michael E Glick Insurance in Boerne, TX. Michael has more than 25 years of industry experience and offers invaluable guidance to businesses and individuals throughout Kendall County. Visit his website for information about what else he covers. Call (830) 816-9488 to request a free price quote.