FAQ's About Boat Insurance

9 April 2018
 Categories: Insurance, Blog


If you have purchased a boat, then you want to learn about boat insurance. This article is full of a lot of answers to the questions a lot of new boat owners tend to have about boat insurance. Reading the information provided here will help you have a better understanding of the benefits of carrying boat insurance on your new boat.

Is boat insurance required by law?

Since auto insurance is required for all vehicles driven on the roadways throughout the country, many new boat owners just assume they are required to carry boat insurance. The truth is, each state will have their own laws regarding boat ownership and carrying insurance on those boats. While some states require it, others do not. This is why you really need to do your homework to make sure you are following the laws for your area, as well as following the laws for any other places you take your boat to.

What types of things does boat insurance cover?

When it comes to the things your boat insurance will cover, it really depends on the policy you go with. Just like with auto insurance, different carriers offer different types of coverages for their own rates. Some of the things you can have covered with a boat insurance policy include:

  • Damage to your boat from accidents
  • Damage to your boat from vandalism
  • Damage to your boat from natural disasters
  • Damage to someone else's boat caused by an accident
  • Theft of your boat
  • Medical bills obtained due to injuries caused by your boat
  • Fire damage due to a boat fire
  • Water damage to your boat

Is your boat covered both when in and out of the water?

When your boat is in the water, it is covered by your boat insurance policy. However, when your boat is being pulled by your vehicle then the vehicle's insurance policy will pick up and be the coverage that will take care of the boat. When it is sitting on your property, your home owner's insurance policy will likely be the coverage that takes care of things that happen to the boat.

Are there ways to get better rates on boat insurance?

Yes, there are things you can do that will lower the amount of your boat insurance rates. Some examples of the things that you can do to get better rates on a policy include increasing the number of safety features your boat has, taking and passing a boating course and buying a boat that comes with less risk.

To learn more, contact a company like Amberg Insurance Center Inc