Did you know that a boat insurance policy will protect you financially if you cause any injuries or damages to others while operating a boat in MA? In addition, boat insurance also covers your boat and or trailer if it happens to get damaged or even stolen. The good news is that boat insurance pretty much covers every type of boat including powerboats, sailboats, pontoon boats, fishing boats and personal watercraft including WaveRunners and Jet Skis. You have the option to purchase additional coverages, such as uninsured/underinsured boater coverage in order to protect your best interests.

If you’re curious or confused about how it works, don’t worry. In essence, boat insurance works in the same manner as automobile insurance. For example, if you cause an accident and damage another boat or persons you simply file a claim with your insurance company. The claim basically asks the insurance company to cover all damages. If the accident or incident is covered by your insurance company, they will pay for the losses including all damages and injuries. However, they will only cover up to your coverage limits, so it’s important that you have enough boat insurance in place to foot the bills in a worst case scenario.

Unfortunately, many boat owners are under the false impression that their homeowners insurance policy also covers any boat related liabilities. However, your homeowner’s policy will only cover damage caused to a small boat while it’s located at your property. For example, if you have a small boat in your yard and it’s vandalized, your homeowner’s policy may cover the damages. However, it will not, and we repeat, will not cover any damages while you’re out on the water. The good news is that boat insurance covers most physical damages to your watercraft as well as any injuries or damages that you cause to others while on the water.

For example, liability coverage pays for any damages or injuries you cause to others while boating, up to the limits of your policy. In addition, physical damage coverage includes both collision coverage and comprehensive coverage. It also includes coverage for damages that occur from events that are completely outside of your control.  Weather, theft or fire are good examples of this. Coverage also extends to damages obtained in a collision with another watercraft or object, regardless of fault. That includes your boat capsizing.

If you operate a boat in the Commonwealth of Massachusetts then you need to ensure that you have the proper insurance coverage in place. We can help you get the best deal on all of your personal and or business insurance needs.  Please consult with a professional insurance agent that can answer your questions about all insurance related topics. It is important to fully understand exactly what you are buying when it comes to insurance policies.

If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business-related insurance needs now and in the future.