Types of Boat Insurance

If you have a boat, you are going to need to have insurance for it. You are going to want to make sure that you and your family are protected, just in case anything happens. 

That being said, there are many parts and types of boat insurance. Here are some of the most common types.

Physical damage insurance covers damage to the boat and what is on it. This includes the engine, sails, and your personal property. 

Liability insurance will protect you in case someone else is injured on your boat. This can include bodily injury, loss of life, and damage to anyone’s property. It will also cover legal fees if you are sued over an accident. 

Personal property insurance covers the personal things that you had on your boat, such as clothing and even your fishing equipment. 

Emergency towing and assistance coverage will pay any fees that you need if you require emergency assistance while you are out on your boat. This can include towing, delivery of fuel or parts, and much more. 

Uninsured boater coverage is similar to uninsured and underinsured automobile insurance. Since boat insurance isn’t necessary, it will protect you if you get in an accident with someone who doesn’t have any insurance for their boat. 

You are going to want to have some sort of policy for your boat, just in case you are in an accident. Most policies cover physical damage and liability, though you may want to get some more insurance to protect yourself. You may want to look into personal property insurance and emergency towing and assistance coverage. 

If you want to make sure that you have enough insurance for your boat in Centennial, CO, contact us today at Compass Insurance.