What Does Boat Insurance Cover?

Alabama requires registration of your boat with Alabama’s Marine Patrol Division. The boats that are expected to be registered are sailboats, boats for hire and mechanically propelled vessels.  There are at least a dozen exceptions were registration is not necessary.  A boat operators license is necessary. 

In  Alabama boat insurance is not mandatory. Insurance covers pontoon boats, leisure craft, yachts and fishing boats, all boats with motors.  Homeowners insurance does not cover boats it may have limited coverage for small watercraft by adding a special endorsement or purchase separate coverage.

It is the personal watercraft such as jetskis that provide entertainment for friends and family. These fun water toys are inherently dangerous because of their speed with reckless driving, which should be insured because such activity commonly results in accidents, injury or damage to the watercraft.  Insurance encourages safety which includes the use of life vests for boating comes with risks.

There are common types of coverage which you should expect when getting a boat insurance quote:

* Property/Physical Damage Coverage –  helps pay for repairs whether the damage occurred in the water or on the land.  Marine insurance plans should cover damage to the boat’s hull,  motors, safety equipment, fuel tanks, fire extinguishers, anchors, vandalism and damages caused by fire and hazards other than collision. 

* Liability Coverage – Coverage which will protect you if you are at fault for a boat accident which caused property damage or physical injury to another person. Coverage should cover for large wakes caused by the operation of your boat.

* Uninsured Watercraft Coverage

* Additional Coverage such as personal property replacement,  towing and assistance, boat trailer damage, wreckage removal, and fuel spill coverage.

The agents of Tuscaloosa, AL, TCU Agency, will discuss your needs for boat insurance based on your lifestyle. Please call!