Whether you are gearing up for summer or picking up a boat to get it ready for lake season, boat insurance is something you will need to consider. While your typical auto and home insurance are standard for most people, boat insurance is slightly different. Today, we will look at what you need to know about boat insurance and how Baker & Carey can help get you the perfect policy.
What Is Boat Insurance?
Boat insurance provides protection if you cause damage or injuries to others or if your boat is damaged in a manner covered within your policy. Similar to other insurance policies, boat insurance will come in various plans to offer protection for various types of boats.
How Does Boat Insurance Work?
Boat insurance will work very similarly to auto insurance. If you damage your boat or if you cause injuries to someone (or their property) with your boat, you can file a claim. Depending on the type of incident, your insurer might pay up to the coverage amount to pay for the losses or injuries.
Which Boats Are Covered?
Since all watercraft are not the same, you may need to customize your boat coverage to meet your specific needs and coverages. These watercraft are usually covered on most policies:
Pontoon Boats
Personal Watercraft (PWC)
Fishing & Bass Boats
Powerboats
Sailboats
What Does Boat Insurance Cover?
While all boat insurance policies will differ, most will have the same standard coverages. These will usually include, but not be limited to:
Damage to your boat, including hull, sails, equipment, and more.
New boat replacement
Fuel spill liability
Liability to pay for damages and injuries you cause if you hit another boat, person, dock
Medical coverage for you and persons in your boat.
Wreckage removal
How To Get Boat Insurance
Baker & Carey Insurance is a family-owned and operated insurance agency serving the Central Texas area since 1968. With a focus on providing our customers with great policies at the best possible rates, we have helped countless Waco residents get the most cost-effective policy for homes, autos, and boats. To see how much Baker & Carey can save you on insurance, fill out our contact us form today!