Torian Insurance offers a variety of watercraft insurance policies to choose from, so you have fun on the water without worrying if you are covered. We will help you identify what type of boat insurance coverages you need specific to your lifestyle so that you are protected from the financial burdens of unforeseen events.
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Whether it’s a boat, yacht or jet ski, your watercraft should provide stress free enjoyment. Watercraft insurance provides financial protection against accidents, theft, natural disasters, and liability. It allows boat owners to enjoy their time on the water with friends and family without worrying about financial losses that may arise due to unforeseen circumstances. Watercraft insurance usually covers:
You can rest easy with Torian. As independent Insurance agents, we work for YOU, not the insurance companies! Our expert staff has your best interest at heart which means providing the best coverage.
Boat insurance is a type of insurance policy that helps to protect boat owners in the event of an accident or damage to their boat. It can protect you from financial loss if your boat is damaged or stolen, or if you’re liable for damages caused by your boat. Boat insurance is typically not required by law, but it is a good idea to have if you own a boat. Many boat owners choose to purchase insurance through their homeowner’s insurance policy, but there are also standalone boat insurance policies available.
Generally speaking most watercraft policies cover bodily injury, property damage, and medical payments. Watercraft policies typically include liability limits in the case you are found liable or are sued for an accident. If you believe that you need additional protection beyond your existing liability limits, umbrella insurance might be right for you.
The cost of watercraft insurance can vary depending on a variety of factors, such as the type of watercraft, its value, where it will be used, your age, your driving record, and the level of coverage you choose. Generally, the average cost of watercraft insurance is around $300 to $500 per year for basic coverage. However, more comprehensive coverage can cost significantly more.
Some things that you may want to consider when purchasing watercraft insurance include the type of watercraft you have, the value of the watercraft, and the amount of coverage you need.
Watercraft insurance can cover a variety of types including:
Some common discounts and ways to save on boat insurance are:
In most states, boat insurance is not required by law. However, if you plan to finance your watercraft, your lender may require you to carry insurance. Additionally, marinas and other docking facilities may require proof of insurance before allowing you to keep your boat there. Even if insurance is not required, it is highly recommended to protect your investment and minimize your financial risk.
Given the potentially high cost of repairs and medical bills, watercraft insurance can be a wise investment for anyone who owns or operates a boat. Whether you’re a weekend boater or a professional water athlete, watercraft insurance can give you the peace of mind to enjoy your time on the water.