Boat
At Relation, we’re here to help you protect what matters. That includes your boat (or personal watercraft like a Jet Ski), passengers, and even others on the water. Leveraging our long-standing relationships with top-rated insurance carriers coast-to-coast, we can provide a variety of coverage options to fit your needs.
Do You Need Boat Insurance?
Unlike auto insurance, most states do not require boat owners to carry insurance. However, if you have a loan on your boat, your lender will almost certainly require you to carry comprehensive and collision coverage to protect their investment until the loan is paid off. Also, most marinas and docking facilities require proof of liability insurance as part of their slip rental agreement to cover potential damage to their docks, other boats, or property. Beyond that, if your boat is damaged or you’re in an accident and you don’t have boat insurance, you could personally be responsible for repairs to your boat and others, and for medical costs associated with the accident for you and other people involved. Boat insurance protects you!
What’s Covered?
Boat insurance is offered in various options to ensure that boaters have all-around protection. Some options include:
- Liability coverage: Just like the roads, accidents can happen while using your boat in the water. As a result, you can be faced with property damages and medical expenses for damages caused to third parties. However, when you purchase liability boat insurance coverage, damages and losses caused to other persons are taken care of.
- Collision coverage: Protects your boat when physically damaged in a boating accident.
- Comprehensive coverage: Protects your boat from non-collision risks like theft, vandalism, falling objects, and many more.
- Uninsured/underinsured boater coverage: Covers injuries and damages you sustain if you are involved in an accident with a boater who does not have proper boat insurance.
Discounts To Keep Your Budget Above Water.
We can help drive down costs with plenty of discount opportunities. Here’s a sampling of options that may be available to you:
Accident-Free
A better rate is often available for accident-free drivers.
Experienced Rider
Riders over a certain age (e.g., 45 or 55 years old) or with multiple years of riding experience may be eligible for reduced rates.
Boating Safety Course
Completing an approved safety course from organizations like the U.S. Coast Guard Auxiliary or U.S. Power Squadrons often qualifies you for a discount.
Safety Equipment
Having certain safety features onboard (automatic fire extinguishing systems, GPS systems, depth finders, anti-theft alarms, etc.) can make you eligible for a reduction in your premium.
Lay-Up Period
If you store your boat and do not use it during the off-season (e.g., winter months), some insurers offer a “lay-up” credit or endorsement that reduces your premium during that time.
Affinity
Are you a member of a national organization or club? Some carriers have partnerships with them to offer member discounts.
Paperless Policy
Many carriers reward you with a discount if you will opt for a paperless experience with them.
Request A Personal Risk Review.
See what a review of your current insurance coverage uncovers. You may find that you’re adequately protected. You may find otherwise. Either way, you deserve to know for your peace of mind.