Anchor Insurance Offers Complete Boat Coverage
You insure your home against natural disasters and your car against collisions for your protection. You should do the same for your boat. Anchor Insurance can help. We offer a wide range of boat insurance options to clients throughout the country. Our team of experts will help you find an affordable policy covering your expenses if your vessel is damaged or lost. We suggest such coverage for anyone who owns motorized boats such as fishing boats, pontoon boats, paddleboats, and yachts. We know how much joy you experience when you are on the open water, so safeguard yourself from unexpected expenses. Call us today to learn how.
Understanding Why You Need Boat Insurance
Boat insurance will minimize or cover the costs of replacing or repairing your boat if it is ever lost or damaged. Anchor Insurance will help you find a policy for any motorized water vessel you have. However, marine insurance typically does not cover personal watercrafts, canoes, or kayaks. When shopping for boat insurance, you must choose the amount and types of coverage you need. Our team has the expertise to help you determine the best options for your watercraft. We will then assist you with any claims if you have an accident, your boat is stolen, or you incur some other form of loss. In most circumstances, the claim would be settled as follows:
- If you were at fault, your boat liability insurance would cover the damage up to the limits of your policy.
- If another boater were at fault, their coverage would pay for your damage up to the limits of their policy.
- If another boater were at fault but did not have liability insurance or did not have enough to cover your expenses, your uninsured/underinsured boaters’ coverage may cover the damage.
Types of Boat Insurance to Consider
Choosing the right type of insurance may depend on how you use your boat, what kind of boat you have, and the age and value of your boat. Anchor Insurance has the expertise to recommend a policy that protects you in case of disaster without breaking the bank. Your boat insurance policy may include:
This will cover your medical expenses, lost wages, legal expenses, and more if you cause injury to someone while operating your boat.
If you are involved in a collision, this inclusion will cover boat repairs or replacement. It may also cover wreckage clean-up.
With comprehensive coverage, you will be compensated if your boat is damaged, stolen, or vandalized. Some personal possessions on board may also be covered.
This coverage protects you if you cause damage to someone else’s boat, dock, or property.
Consider additional coverage options for compensation following an accident with uninsured or underinsured boaters, among other reasons.