Boat owners could face limitations for coverage through their homeowner’s insurance policies. These limitations could restrict coverage to non-motorized boats only. This, in turn, reduces the amount of coverage for their watercrafts and could generate a potential financial loss. A local insurer could provide them with the personal watercraft insurance they need.
Coverage for Bodily Injuries
Watercraft insurance covers bodily injuries that occur during boating accidents. The level of coverage depends on the policy chosen by the owner. The minimum liability coverage covers the medical costs of the other party’s injuries and repair requirements. If the owner wishes to obtain coverage for their possible injuries and for individuals who travel with them, they need extended coverage.
True Replacement Value for the Watercraft
True replacement value for the watercraft is based on the exact value required to purchase the same model. It isn’t an agreed-upon value or the potential market value achievable by selling the boat. If the boat is destroyed, the owner receives the exact value, if true replacement is included in the terms of their policy.
Coverage for Boats in Storage
Boat storage is vital for preventing damage due to the elements. Boat owners who use their watercraft on a seasonal basis should evaluate coverage for storage. The coverage pays for any damage that occurs while the boat is inside the storage unit. Boat owners should review the terms of the coverage to determine if certain conditions apply to these services and coverage.
Towing Services for Boats
Comprehensive towing services for boats could reduce the total cost for the owner for these services. If the policy has any navigational restrictions, the owner could modify the policy to include additional towing coverage. This overrides the restrictions and provides full towing services. This reduces the financial impact of these services.
Boat owners need insurance for any motorized watercrafts they own. The coverage could protect them against unpredictable liabilities. It could also cover unexpected medical and property repair costs. The terms of these policies define the exact coverage achieved and any restrictions that may apply. Boat owners who need personal watercraft insurance should visit Coastautoinsurance.com for additional information and to receive a free quote.