When shopping for a boat insurance policy, the two key points of comparison are price and coverage. You want enough coverage to protect your craft in the unfortunate event of an accident, but also don’t want to pay a fortune for that coverage. Deciphering the different coverage options and determining a fair price for that coverage can get tricky. Luckily, we’re here to break it all down for you. (P.S. SkiSafe offers exceptional coverage and premiums starting at only $85/year).
Liability insurance commonly provides coverage for bodily injury and property damage to others. A comprehensive protection and indemnity liability policy, such as that provided by SkiSafe, will also extend to many other important areas such as pollution and contamination liability, wreck removal, and other risks that you may be liable for under maritime laws.
UNINSURED BOATER COVERAGE
Uninsured boater coverage is provided as an additional backstop to protect you in the event that you are injured by a fellow boater who does not have liability insurance. A covered uninsured boater loss will enable your policy to pay for damages you would be legally entitled to recover from an uninsured boater because of injuries you sustain.
MEDICAL PAYMENTS COVERAGE
Medical payments coverage provides protection for guests aboard your watercraft who are injured while aboard, boarding, leaving, or involved in an accident with another boat. Depending on the terms of your policy, this coverage may pay for medical, ambulance, hospital costs, and more.
PERSONAL PROPERTY COVERAGE
Personal property coverage can protect against accidental, direct loss, or damage to property on your boat or watercraft. This type of coverage refers to unattached items on the boat. This coverage option can protect against loss or damage to fishing equipment, portable electronics, and other personal items that come and go with you.
TOWING AND ROADSIDE ASSISTANCE
Towing coverage can cover you against the expenses associated with towing your boat on the water or on land. Your automobile insurance will not cover towing for your boat.
PRICING AND CREDIT SCORES
There are several components that factor into the overall cost of your boat insurance policy. Your coverage, the deductible, and the discounts you qualify for will help determine your premium. Other factors that affect the price include the value of the craft, driving records, prior claims, and seasonal use. To get your FREE quote, click here. For more on boat insurance costs, click here.
Many boat insurance companies will run a credit report that may significantly increase your premium based on your score. SkiSafe does not increase your premium based on a credit report. For more information on credit scoring and boat insurance, click here.