How to Insure Your Watercraft: A Practical Guide for Boaters 

Owning a boat or personal watercraft can open the door to countless adventures on the water. Whether you’re cruising, fishing or engaging in recreational boating, it’s important to consider how to protect your investment.

Why Consider Watercraft Insurance?

Watercraft insurance may not always be required by law, but it can offer valuable financial protection and peace of mind. Even if your state doesn’t mandate boat insurance, certain marinas, lenders or local authorities may have their own requirements.

More importantly, accidents, theft, and weather-related damage can happen when you least expect it. Having the right coverage in place can help you avoid significant out-of-pocket costs.

Common Coverage Options

Watercraft insurance policies can be tailored to your needs, but may include the following:

• Liability coverage for property damage or injuries you cause while operating your boat (e.g., you collide with another vessel or a passenger is injured onboard).

• Physical damage coverage for repair or replacement costs if your boat is damaged by a covered event such as a collision with a dock, weather-related perils, fire, theft or vandalism.

• Uninsured/underinsured boater coverage if you’re involved in an accident with another boater with little or no insurance to cover your damages or injuries.

• Towing and assistance coverage in case you become stranded.

Additional coverage options may include protection for personal belongings stored on the boat (e.g., fishing or sports equipment), trailer damage and fuel spill liability.

What Affects Your Premium?

Various factors can influence how much you will pay for insurance, including the type and size of your boat, how it’s stored, your boating experience and your claims history. Westmoreland Insurance Agency Inc can assess your unique circumstances and provide a personalized quote.

Boat Insurance in Johnson City, TN

Insuring your watercraft can protect your investment and provide valuable peace of mind. With the right coverage, you can enjoy your time on the water, knowing you’re financially prepared for the unexpected. Contact the Westmoreland Insurance Agency Inc team today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.