Boat insurance used to cover just the hull, motor, some equipment, and boater liability. Now, boat operators have many more options, including coverage for the motor and personal effects like phones and clothing. These might not be available as an add-on to a homeowner’s policy. It’s good to check with your agent to see if a separate, stand-alone boat policy might be a better value.
You can still take advantage of multi-policy discounts you might not get by adding coverage to an existing property policy. Home policies intend to cover smaller recreation boats that a policyholder might take out three times a year. A separate policy often covers a serious boat and operator for things unavailable or too expensive to add to the homeowner’s policy. For example, the homeowner policy might limit where you can operate your boat.
Let us discuss what type of boat you have, where you moor it, the waters where you operate, and your boat’s use. It might surprise you how much money you can save by purchasing a separate boat policy and the better coverage available. Click here to request a watercraft quote now.