It’s important that you know what your insurance does and does not cover before you need to make a claim. Here are a few items to consider when choosing insurance for your boat:
Watercraft Liability Limits
* Just like car insurance, the more coverage you have (i.e. – the higher your limits), the more protected you will be in the event of a claim against your policy.
* You may be surprised at how inexpensive higher protection is. Please consult your insurance agent.
Medical Payment Limits
* If you or someone on your boat is injured while on the boat, this coverage will pay for their medical treatment. Higher limits offer greater protection. This is regardless of fault.
Uninsured Boater Limits
* Just like UM/UDM (uninsured and underinsured motorist coverage) for your motor vehicles, uninsured boater insurance protects you in the event you are involved in a collision or other situation with a boat with no, or too little, insurance coverage.
Navigational Limits (i.e. – Are you restricted to sail in a certain area?)
* If you sail outside of the navigational limits and a claim arises, you will not be covered. This can be an issue for regattas.
* Make sure it is a covered activity on your policy if you use your sailboat for racing.
No one will take better care of you than you. Protect your family and yourself with the right insurance. It can and does make a big difference!