Basic Boat Insurance FAQ

When you own a boat, boating insurance is essential. You might have some questions about the boat insurance basics. Here are some basic boat insurance FAQs (frequently asked questions). 

How Does Boating Insurance Work?

Boat insurance works very similarly to car insurance. If you damage your boat, someone else damages, it or you damage someone else’s property, this insurance will help pay for repairs, provided you have coverage.

Does Boating Insurance Cover My Trailer?

You can purchase a policy that covers your trailer and any electronics or extras you have onboard. You will need to specifically ask for this coverage and it is sometimes under an agreed value policy.

What Determines the Price of Boating Insurance?

There are many factors that determine the price of boating insurance. Some of these factors are:

  • What type of boat
  • Age of the boat
  • Value of the boat
  • Size of the boat
  • Ownership length
  • Horsepower

These are just a few of the things that insurance companies look at to determine what type of coverage you need. This way, you are only paying for the coverage you need.

These boat insurance FAQs and others like them will provide you with the answers you need to make an informed decision about your coverage.