Boat/Watercraft Insurance

Boat and watercraft insurance is important to have because it can cover things such as collision, theft, damage, and even vandalism to your investment. Do not delay in protecting your boat or other watercraft. We can help you here at Marla Williams Agency. Insurance protects you, your family and friends, and of course your boat as well as any equipment. Obtaining insurance allows you to relax and enjoy your time worry-free on the waters of your chosen destination.

Boat/Watercraft Insurance Requirements

You must make sure that you register your boat or watercraft. However, you do not need boat insurance in order to operate it legally. Boaters should also be at least 21 years old. You should also carry the card with you while you are on board in the event an enforcement officer decides to inspect your vessel.

Coverage Options

Some of the most common types of coverage for a boat or other watercraft are as follows:

Agreed value coverage- Just like cars, boats depreciate as well. If your boat has been destroyed or stolen, the actual cash value can make it very hard to replace your boat. This option means that you will get the total value that you insured your boat for in the event you suffer a total loss
Liability- This option is similar to car insurance liability protection. If you are at fault of an accident while on the water, this option will pay the costs for repairs or replace the other person’s property.
Uninsured/underinsured- This option will help pay for lost wages, and even medical treatment if you are involved in an accident with another boater who does not have enough or any insurance at all.

Other coverage options to consider: