Watercraft & Boat Insurance

Boats come with risks, just like any other valuable asset. Accidents, theft, some natural disasters and other unforeseen events can put a dent in your wallet. Having proper boat insurance coverage helps provide financial protection against various risks.

What Is Boat Insurance?

Boat insurance is a type of financial protection designed specifically for watercraft owners. Similar to car insurance, a boat insurance policy covers damages, liabilities and injuries related to your boat. The policy’s coverage breadth will depend on the coverage you’ve added to your policy, such as collision or comprehensive coverage. Liability coverage, which can also be added to your boat insurance policy, can help cover medical bills and legal expenses if you’re found responsible for causing an accident or injury while operating your boat.

How Does Boat Insurance Work?

When you purchase a boat insurance policy from a provider, you agree to pay a premium in exchange for coverage against specified risks. The cost of boat insurance differs depending on factors such as the value of your boat, its age, where it will be used, your boating experience and the coverage limits and deductibles. Generally, the more comprehensive your coverage, the higher your premiums will be. After a covered incident, you file a claim with your insurance company, and they may help compensate for the damages or losses incurred, minus any applicable deductibles.

Where to Get Boat Insurance

When shopping for boat insurance, comparing quotes from multiple providers is essential to ensure you get the best coverage at the most competitive rates. When you work with Darden Insurance Agency Inc, we do all the hard work for you. Contact us today to discuss your boat insurance needs.