Imagine you’re about to hit the water for a relaxing day of boat rides and fishing with friends. Suddenly, you hit a rock, damaging your engine. Without insurance, you can’t afford the repairs, and you’re stuck with a pile of metal sitting in your yard, waiting to be sold for scrap.
While this may seem like a far-fetched scenario, it’s all too common among boat owners who neglect to get insurance.
A good option is to get summer boat insurance. Want to learn more? Check out our guide!
Benefits of Boat Insurance
No matter how careful you are on the water, accidents can still happen, and there will always be something lurking beneath the surface to damage your boat.
Protecting yourself against unexpected accidents by getting boat insurance for the summer can save you from financial ruin and the heartache that comes with having to sell your boat to pay for repairs.
Here are just a few of the things boat insurance can cover:
- Storm damages
- Accidents
- Fire damages
- Theft
- Bodily injury liability
It won’t cover damages such as normal wear and tear or damage from any sea creature.
Types of Boat Insurance Policies
The boat insurance industry has been around since the 1950s, and there are several companies offering boat insurance policies.
When browsing through boat insurance companies to get quotes, you should look over the following factors:
Coverage
There are a few different types of boat insurance policies, so make sure you understand exactly what kind you want. Some policies cover the boat and motor, while others cover the boat and trailer.
Spillage Liability
When an accident happens while boating, much more is at stake than just the boat itself. Although that is enough to worry about as well.
Some boat insurance policies may protect you in the event of accidental spillage. Fuel spillage can harm the environment on a large scale. It is therefore essential that a clean-up crew is called immediately.
If you have the right policy, the insurance company will cover these costs.
Medical Costs
Often in boating accidents, there are some injuries as well. While boating accidents are less frequent than in cars, they are often more dangerous.
With the right coverage, your insurance will cover the medical bills of you, your guests, and any other parties involved.
Wreckage Removal
Sometimes a boat is beyond repair. While it is sad to say goodbye to your floating baby, leaving it in your yard can be an eyesore.
If you have the right policy, you can get compensated for the removal of your boat. If you also have flood or fire damage, you can often get compensation for that in the same policy.
Boating Insurance Costs
What you pay for your boat insurance will depend on your boat, the time of the year, and your level of coverage. The insurance policy itself will have different pricing as well.
The price of your policy will depend on the following.
The Craft Itself – The policy you get will depend on the size of your craft. A big boat will have a much higher price tag than a small craft.
The Time of Year – In Florida, boating season is all year round. The summer months are more expensive than the colder months as there is more traffic on the water.
Location – Where you live will affect the price of your policy. Not only are the boating areas in certain locations more populated, but there are also a higher number of potential accidents.
Your Coverage – The coverage you need will vary depending on where you live, what you use the boat for, and who will be using the craft.
Your Age – Younger drivers typically have higher insurance premiums because they are riskier drivers. The same goes for boating insurance.
Ways to Save Money
Thankfully, with Harris Insurance, you can save on your boat insurance in many ways. Let’s take a look!
Get a Discount – Get a multi-policy discount. You will benefit from having multiple policies with Harris Insurance, such as a car or home insurance.
Application – Save money by applying online. If you have an e-policy, you can apply in a matter of minutes. If you are applying in person, you can also save money by applying in person and save time by having your policy ready in minutes.
Payment – Choose to pay your policy in full. We can offer a more affordable policy the more you pay in a single payment. We do offer monthly payment options, but they are a bit more expensive.
Safe Operator – Be a safe boat operator, and you can get special discounts on your policy. You will likely get a better price if you have a clean record.
Summer Boating Insurance: Get Yours Today
Summer is a great time for boating, and you need to be prepared. It’s important that you get all your boat insurance policies before you get on the water so that you don’t have to worry about any problems.
Are you looking for more information? Take a look at our policies today.
LEGAL DISCLAIMER
Views expressed here do not constitute legal advice. The information contained herein is for general guidance of matter only and not for the purpose of providing legal advice. Discussion of insurance policy language is descriptive only. Every policy has different policy language. Coverage afforded under any insurance policy issued is subject to individual policy terms and conditions. Please refer to your policy for the actual language.
