Owning a boat is fun, exhilarating and entertaining! Aside from if you will be fishing, skiing, joy riding or entertaining friends you want to make sure you are covered so you can continue to enjoy yourself. You might be wondering, “what is boat insurance?” Boat insurance has similarities of both auto insurance and home insurance. Boat insurance typically covers bodily injury that your passengers incur or that your boat inflicts on others. Property damage for on docks and other boats as well as physical damage to your boat if damaged by hitting something or running aground. Comprehensive coverage is available for theft, vandalism, fire, flood and personal property coverage for your fishing gear, uninsured boater insurance and roadside assistance in the event you need a tow. Some insurance companies will allow you to suspend your boat insurance for the periods and seasons the boat is not in use. Some ways to save on boat insurance are to take a boating class, mention all of the safety features your boat has and any gadgets onboard that protect the boat and the passengers. Also, the type of boat you own such as a powerboat, fishing boat, personal watercraft etc factor in the boat insurance premium. If you have auto insurance and home insurance you will also be eligible for a multi-policy discount if insured with the same insurance company.
