- Liability: Covers injury that your boat might cause to people on other boats. This includes lost income, medical bills, and legal expenses.
- Collision Damage: Provides repair expenses for your boat in case of a collision. This does not include the costs associated with cleaning up the wreckage.
- Comprehensive Coverage: Any incident other than collision such as vandalism or damages beyond repair is covered under comprehensive insurance. Comprehensive coverage also pays for stolen boat, fire, and non-collision incidents.
- Additional Coverage: You can add coverage for oil spills, fishing equipment, and roadside assistance.
- On-Water Assistance Coverage: Protects you in case the boat breaks down in the water.
- Uninsured Boat Coverage: Protects you from boaters who don’t have boat insurance.
#1 Boat Insurance in Connecticut
- Living in Connecticut offers boat owners plenty of great spots to enjoy boating or sailing whether it be on the many lakes and ponds, rivers or on the Long Island Sound.
- The only way to enjoy your time on the water is with the peace of mind and one way to secure this peacefulness is to know you are adequately covered should an accident occur.
- The best way to achieve this security is to purchase boat insurance that can help protect against a variety of risks that include: sinking, fire, storms, theft, capsizing, explosion, stranding and collision.
- Boat insurance can also protect you if you happen to injure someone with your boat or damage their property. Boat liability coverage provides protection for legal liability because of an accident resulting from the ownership, maintenance, or use of your watercraft, including bodily injury, property damage, and legal defense.
Boat Insurance Covers
Boat Insurance May Not Cover
It is also important to realize that the coverage provided by boat insurance policies is designed for water-related accidents and incidents and therefore, in some cases may not adequately protect against other types of accidents. For example, the vast majority of fire damage policies on boats exclude coverage for damage caused by an explosion, unless the explosion is caused by fire electrical or mechanical malfunction. Also excluded from most boat brokerage policies are claims arising from boating-related activities such as skiing, rowing and scuba diving. Most insurance companies will freeze your premium if there is a lawsuit pending related to your boating activity.
Boat owners should also be aware that most insurers will only insure a boat listed as “docked”, even if the boat is driven for pleasure only and its use for commercial purposes is not limited. So, in theory, a sailboat owned by a person who exclusively uses it for pleasure could be excluded from coverage under most policies. So, every time it docks at a marina or slips up on the mooring ball, you could lose coverage if that boat isn’t listed as being “docked”. Also, just because someone lists their boat as being “docked” doesn’t mean there aren’t any restrictions.
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