A Short Guide To Boat Insurance

When you buy a boat, the last thing you want to think about is something going wrong.  Unfortunately, while unlikely, accidents do happen and it is important to be prepared for the worst-case scenario. Your boat can be threatened by many things that range from crime to bad weather. Boat or vessel insurance can help make sure you are covered if something goes wrong.

What Does Boat Insurance Cover?

Boat insurance can protect your boat from a number of common threats you may experience as a boat owner. Some of these threats are:

  • Sinking
  • Fire
  • Collision
  • Capsizing
  • Theft
  • Vandalism
  • Explosion
  • Storms
  • Stranding

In addition to protecting your boat from these threats, boat insurance can also be customized to protect any expensive property you may have onboard your boat. Some of the things that can be covered are:

  • Anchors
  • Oars
  • Extra fuel tanks
  • Tools
  • Canopies
  • Seat cushions
  • Life preservers
  • Dinghies

How Much Does Boat Insurance Cost?

The cost of boat insurance can vary widely. Some of the factors that can influence the amount you will pay are your location, the type of boat you are insuring, your boating history. and your claim history.

Boats are a very significant purchase and it is important that you protect your investment. Boat insurance can go a long way toward helping everything run more smoothly.