Boat insurance is about so much more than making sure you are able to repair or replace your boat should it become damaged or sink. Before you choose a boat insurance policy, though, it is important to make sure you're getting the coverage you need. In other words, you might want to add a few riders to your boat insurance so you have the full coverage you expect. These are some of the features you want to make sure your boat insurance provides.
Wreckage Removal Costs
While some boat wreckage is left in the water, many waterways have specific requirements that boaters are responsible for removing wreckage from the water should their watercraft sink. It's a costly endeavor and one that may not be included in your boat insurance without the appropriate rider.
Environmental Clean-Up Protection
This is another costly expense that isn't typically included in a standard boat insurance policy. However, fuel and oil from the boat leaking into waterways must be cleaned. If you do not have this coverage you could be responsible for the total costs of cleaning the oil out of pocket.
Emergency Towing (Roadside and On Water)
Emergencies happen. When they do, it is good to have this type of coverage that allows you to get your boat to safety where repairs can be made whether you're on land or water at the time. As far as boat insurance protection goes, this is one piece of coverage most avid boaters don't want to live without.
Personal Property and Equipment Coverage
Depending on the specific insurer you work with, this will likely be two separate policies. One for your personal possessions on the boat, including things like:
- Fishing equipment
- Mobile phones
- Handheld GPS devices
Equipment coverage involves things that are associated with the boat itself that are not installed by the manufacturer. This can include things like radar upgrades, trolling motors, life jackets and safety equipment, and the trailer for your boat.
Uninsured/Underinsured Watercraft Coverage
This important boat insurance coverage offers protection from other boaters who do not have insurance or have insufficient insurance to cover the extent of damage done to your property or person.
Also, don't forget the importance of liability protection when you buy boat insurance. While most boat policies do include some liability and medical payments coverage, you may want to expand on that with additional liability protection plus an umbrella liability policy for good measure. Getting the right boat insurance means you can ride the waves and enjoy your day on the water with greater peace of mind.
For more information, contact a boat insurance provider.