Watercraft & Boat Insurance

Cast Your Worries Aside. 
For most people, owning a boat can be a dream come true. Whether you’re out on the water with friends or enjoying a relaxing day of fishing, your boat provides an escape from the daily grind. 

If you are considering purchasing a boat of any kind, you are going to want to be confident you can protect it. Similar to any other vehicle, boats are at risk of accidents and you need to make sure you have the necessary boat insurance benefits to help you bounce back from any losses you may endure on the water.  

With a Boat Owners Insurance policy from KSA Insurance Agency, you can relax and enjoy your time away knowing that you’re properly insured. We offer many coverage options to keep you, your boat, and its passengers safe, specializing in insurance for the following marine vehicles: 

• Yachts
• Performance Boats
• Sail Boats
• Bass Boats
• Jet Skis
• WaveRunners 

Common Boat Insurance Questions:  

What Is Boat Insurance? 
Boat insurance is a type of insurance coverage that boat owners get to protect themselves financially from a wide range of incidents, such as damages or injuries, that might occur while operating, storing or transporting their vessel. Insurance premiums can often be paid by the month, but paying for year-long coverage often results in more affordable coverage rates. 

What Can a Boat Insurance Policy Cover? 
Unfortunately, accidents happen – even on the water. A specialized Boat Insurance policy covers your boat or personal watercraft, as well as its motor, against potential loss due to: 

• Vandalism
• Collision with another boat or object
• Theft
• Damage caused by uninsured or underinsured boaters 

Your policy also extends to protect extra equipment attached to your boat such as anchors, oars, canopies, life preservers, and fuel tanks. Coverage for fishing equipment and personal property is also available. 

In addition, Liability Boat Insurance can help pay for medical expenses or legal costs if you’re at fault in a boating accident. Coverage options include: 

• Bodily Injury payments
• Damage to another’s property
• Medical Payments
• Guest Passenger Liability 

Why Do I Need Boat Insurance?  
Boats are motorized vehicles and waterways are similar to a public road. There are also speed limits, traffic lanes and laws that prohibit drinking while boating. Due to this, whenever you take your boat out on the water, you are up against the same hazards and liabilities as you do when driving a vehicle on the road. It is critical that you protect yourself and your property against the risk of expensive, unforeseen challenges that may arise while you are on the water. Boat insurance will aid in helping you get back on your feet from these challenges.  

What is Covered Under Boat Insurance?  
Boat insurance includes a variety of different type of coverage, such as:  

• Physical Damage: This covers the boat and its attached fittings and fixtures from fire, theft, vandalism, wind, hail and collision.
• Medical Payments: This covers medical expenses for the policyholder and their passengers after an accident.
• Liability Insurance: This covers bodily injury and property damage the boater may cause to someone else in an accident.
• Guest Passenger Liability Insurance: This covers expenses if a permissible passenger causes an accident while operating the boat. 

Your plan can also contain a host of other benefits like:  

• Salvage Coverage
• Pollution Liability Insurance
• Tow Trailer Coverage
• Agreed Value Insurance
• Personal Effects Coverage
• Fishing Equipment Coverage 

How Much Boat Insurance Do I Need?  
When starting your policy, ask one of our agents to assist you in curating your coverage in order for you to get the most of it. Our mission is to minimize your financial losses from any boating accident. Therefore, consider each of these questions:  

• How much would it cost to buy a new boat if mine is totaled?
• What activities will I be doing on my boat?
• Will I need to insure people on the boat if they get injured in an accident?
• If I get sued because I was at fault for a wreck, how will I pay for the damage? 

Your boat insurance policy can offer you the right amount of benefits to assist you in answering those questions. Don’t hesitate to reach out to your agent to help you better understand your policy options and determine which benefits are best for your needs.  

Is Boat Insurance Required?  
Boat Insurance is typically not required if you are not operating commercially. However, if you decide to finance your boat when you purchase it, your lender may ask you purchase a minimal amount of coverage for physical damage.  

What Does Boat Insurance Cost?  
Boat insurance rates may vary based on several factors, such as your:  

• Credit score
• Claims/accident history
• Value of the boat
• Location 

We completely understand that the cost of your boat insurance is critical to you. Our team will work to search our network of carrier partners to put together the policy benefits you desire, for a price you can afford. You can also bundle your boat insurance with your auto, home, or other personal insurance to maximize your overall savings.  

Additional Coverage Options 
At KSA Insurance Agency, we make insuring your boat or personal watercraft easy and affordable by offering extended policy benefits like On-Water Towing and Roadside Assistance when traveling with your boat. You may also be eligible for money-saving discounts when you insure multiple watercrafts or combine your Boat and Auto policies. Even simple things like being an accident-free boater and completing a boating safety course can help you save money too. 

It’s your passion, your dream. Protect that dream for years to come with the right insurance policy from KSA Insurance Agency. Talk with one of our local insurance specialists today to learn more about Boat Owners Insurance.