Watercraft boat insurance is a type of personal insurance that covers a variety of boats and watercraft, such as houseboats, pontoons, yachts, jet skis, fishing boats, dinghy boats, deck boats, catamaran, sailboats, and more. Watercraft boat insurance shields vessels powered by motors with a horsepower of at least 25 miles per hour (mph) from damage.
Let us look at the importance of watercraft boat insurance:
Damage up to the boat’s market value: Your or another boat’s damage will be covered up to its market value.
Damage that occurs within a predetermined distance from the shore in waterways, rivers, lakes, and ocean waters: Accidents in various bodies of water are covered so long as you are not too far from shore.
Towing: Up to the limits of your policy, insurance will cover the cost of having your boat towed to shore if you are unable to start it.
Removal of wreckage: Insurance will cover the cost of removing boat debris from the water up to the limits of your policy.
Indemnification for a fuel spill: Your insurance will cover the damages and legal costs of a fuel spill up to the limits of your policy.
Liability for injury: If you cause harm to others, your insurance will pay for your defense and settlement costs.
Other people’s medical bills: If you cause an accident and injure someone, your boat insurance will cover their medical expenses.
Watson Insurance Agency is proud to have a team of industry leaders because we are one of the largest independent agencies in the Southeast. By providing you with online services for policy management and claims, we aim to be at the forefront of technological advancements and the insurance industry. Contact us if you reside around Belmont, NC, Charlotte, Columbia, SC, Gastonia, Rock Hill, SC, Shelby, and NC areas.
