Boat Insurance Options
Harbor Insurance Group provides many options to make your time out on the water great! The average boat can be inured very inexpensively- at the rate of about a dollar a day. Our comprehensive boat insurance options protect you, your friends and family, your watercraft and your boating equipment. You can enjoy peace of mind while enjoying your time boating, knowing that everything is taken care of.
Full Coverage policies generally include:
- Navigational Area - You will be covered extensively no matter where you are. The insurance companies that we represent can provide policies to cover you up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico. In California, Florida and Oregon, additional coverage area can be purchased. Harbor Insurance Group offers boat insurance insurance companies, which lets us create an option best for you.
- Agreed Value Coverage- Watercrafts depreciate just like automobiles do over time. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed, as the depreciated value cannot replace the initial investment. Should your boat be a total loss you will get the value you insured it for, minus any deductible.
- Liability - Personal liability plans provide coverage to other boaters and boat owners, shoudl you be at fault for an accident, just like auto insurance. This coverage will repair or replace the property of someone else, as well as for their medical care, lost wages and other incurred costs.
- Medical Payments- Boating accidents resulting in injury require medical payments in order to treat those who have been hurt. Medical payments coverage will pay for the cost of needed care. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.
- Physical Damage Coverage- Should your watercraft, its motor, any permanently attached equipment, or your trailer be stolen or damaged, physical damage coverage will tkae care of the costs to repair or replace the equipment.
- Uninsured/Underinsured Watercraft Bodily Injury- Boat insurance is not always mandatory. As such, many boaters opt not to get it. If you are hit by an uninsured or underinsured boater and are injured, this coverage pays for medical treatment, lost wages, and other costs associated with the accident.
- Fuel Spill Liability and Wreckage Removal- When a boat sinks or is seriously damaged, it cab leak oil or fuel into the water. By law, the owner of the boat is required by law to have this cleaned up. this can be time consumign and expeensive, which is why this coverage is so useful.
- Personal Effects - The average boat trip will see many different kinds of possessions brought on board. A boat insurance policy can provide coverage for many personal effects. Things like clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment will all be taken care of. However, personal effects coverage does not include jewelery, watches or furs. Limits vary by state - contact usfor more information.
- Unattached Equipment Coverage- There are many things on the boat which are not considred to be possessions, but are still essential to operation and safety. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc. Unattached equipment coverage will take care of these items if they are damaged or destroyed.
- Emergency Assistance - The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.
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