Boat Owners Policy

The ownership of boats can be fun and adventuresome, but it also allows for exposure to financial loss. Losses might include damage to the boat or a trailer, injury, or theft. Protection from these exposures is available by purchasing a boat owners policy.

Types of coverages are as follows:

• Boat
  This amount of insurance applies to the boat (sometimes referred to as the hull). This limit provides physical damage insurance for the boat, and any permanently attached equipment, such as the inboard motor.
• Outboard Motor
  This limit of insurance would apply if an outboard motor is attached to the boat. An inboard/outboard motor would be covered under coverage A since it is a permanent attachment.
• Boat Equipment
  This limit applies to any portable boat equipment or accessories such as cushions, radios, and fire extinguishers.
• Trailer
  This limit applies to the trailer. Very few policies include this coverage under boat equipment.
• Liability
  This limit provides liability insurance for the insured or any other person using the boat with the insured's permission.
• Medical Payments
  This coverage pays the necessary medical expenses incurred by a covered person within one to three years from the date of a boat accident. A covered person is the insured, a family member, or any person occupying the boat at the time of an accident.

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