How to Make Your Boat Safer With Watercraft Insurance 

Summertime is arguably the best time for boat owners to enjoy their watercraft and the freedom and adventure they can bring. A crucial part of being a responsible watercraft owner is having adequate insurance in place. A robust watercraft or boat insurance policy can offer financial protection and peace of mind to help you enjoy your time on the water.

What Does Watercraft Insurance Cover?

Many watercraft owners think their homeowners insurance policy covers their vessel, but this usually isn’t the case, so a separate boat or watercraft policy is needed. The following are key coverages to consider for your boat insurance policy:

• Liability coverage may cover property damage and legal fees if you are responsible for an accident with your watercraft. It may also help with medical expenses for injured passengers or other boaters.

• Physical damage coverage may help with repairing or replacing your watercraft if it’s damaged by the following:

• collisions

• storms or other natural events

• theft or vandalism

• fire

• Uninsured or underinsured boater coverage may help if you’re involved in an accident where the other boater has inadequate insurance coverage or none at all.

• Personal property and equipment coverage may cover certain items stored aboard your vessel, such as navigation and electronic equipment and fishing gear.

Insurers consider many factors when determining your policy and rates. These factors may include the following:

• Vessel type

• Where you operate your vessel

• Storage and transportation

• How often you use your vessel

Contact Us

Before you begin your summer adventures on the water, make sure you have a watercraft insurance policy that suits your needs and budget. The professionals at DRD Insurance Agency can answer any questions you have. Contact us today for more information and a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.