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The Importance Of A Separate Watercraft Liability Policy

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As the temperature creeps upwards, it becomes more and more inviting to get out on the water. But before you set sail, you need to understand the essentials of boat insurance. The policy excess relating to damage caused by you and also on any third party claims.

For example, if your watercraft collides with another and the engine gets damaged, your insurance policy will take care of the costs. Engine damage due to lack of maintenance is not covered by boat insurance. Yes, boat insurance typically pays for the damage if you have opted for physical damage coverage and your vessel sinks due to a covered event such as a storm.

Don’t operate the boat while under the influence of alcohol or drugs, or allow anyone who might be impaired to operate the vessel. Multi-policies with the same insurer, such as a car, home or umbrella policy. Guest passenger liability—that is, any legal expenses incurred by someone using the boat with the owner’s permission.

Snapp & Son Insurance Inc

Specialized insurance agencies provide boat rental liability insurance. When you contact them, provide details about your business, including a copy of the watercraft rental agreement and checkout procedure. You’ll complete an insurance application, which is evaluated by a commercial marine expert, and will receive coverage details after your application is approved. That’s why we offer bass and fishing boat insurance coverage that give you peace of mind knowing your boat is protected on or off the water.

The charterer is responsible for the insurance deductible amount for all parts or repairs for which he os she is liable. In case of theft or loss of the tender or its outboard motor, the tenant must pay for all the equipment replacement, since these are not covered by the insurance. Bumbershoot provides excess liability protection over both marine and non-marine coverages, including auto liability, general liability, and employers’ liability. Live agentUSAA Boat Insurance Read Author Review Share your experience with this company USAA was founded in 1922 when 25 army officers agreed to insure each other’s vehicles.

If you damage another person’s boat, dock or other property, property damage liability helps cover the cost. Boat insurance often covers your boat from physical damage in the water or on the road. Sometimes it covers physical damage to your hauling trailer, either included with your policy or through trailer add-on coverage. If your boat trailer hits another car, your liability coverage will likely kick in. However, if the trailer detaches and causes damage, it’ll be a different story. And, in either scenario, damage to your boat won’t be covered.

Home Inventory Application A current inventory of your belongings makes it easier to file a claim. Keeping your records off-site is wise in case a fire or flood damages your property. Consider updating your home inventory each spring and advise your insurer of any major purchases.

Travelers Marine General Liability , the core of our marine liability protection, covers general liability exposures on an occurrence basis. We can tailor this protection to meet your needs by providing coverage for a wide range of marine liability exposures – even those traditionally written separately. Travelers can create a customized marine liability package to help ensure that your maritime operation stays afloat.

They will lower your insurance premium based on you taking appropriate classes. When you’re looking for boat insurance in New Jersey, there are many ways to spend less. It’s a good idea to take advantage of as many of these discounts as you can.

In addition, we offer an extensive special area of boat liability insurance, which includes for example jet ski insurance. In the following table you can see all pleasure craft vehicles which can be insured by the HKVA. The pleasure craft liability insurance provides cover for the possession and use of the boat insured in the policy in the event that you are held liable for damage due to legal liability provisions. Here you can relativize the costs of the insurance for a boat liability insurance, which are fair in relation to the relevant amounts of damage.

  • Equipment coverage – some companies offer coverage for saddle bags, a helmet or recreational vehicle-related equipment when used with your recreational vehicle.
  • This “green coverage” is crucial now that federal and state laws subject boaters to liability for cleanup, containment, and environmental damage.
  • We don’t really need to explain why you might want to insure your boat against physical damage.

Twenty minutes later Mark accidentally rams the cruiser into a rowboat, injuring one of its passengers. The injured passenger sues Mark, claiming that his negligent operation of the boat was the primary cause of the accident. She also sues Bill for negligent entrustment, alleging that Bill contributed to the accident by failing to properly supervise Mark. Marianne Bonner, CPCU, ARM, worked in the insurance industry for 30 years. There’s too much room for error when another underwriter gets added to the mix, and less accountability as well. Commercial Towing and Assistance enables you to be reimbursed for the reasonable costs incurred when you break down out at sea and need a commercial tow to get back to land.

Though Shelter started by only serving areas in Missouri, they now sell insurance in 14 states. Because boats live on the water and have special needs, there are some specialized coverages you can add. Mariners Insurance can also provide you with coverage if you are in an accident with an uninsured boater/underinsured boater. Be sure to inquire as to the liability portion of your policy.

Comprehensive Insurance – Optional comprehensive coverage provides protection in the event of theft, vandalism, weather events, or other events outside of collisions. Typically, most types of boats and watercraft are insurable in Texas, such as fishing boats, pontoon boats, paddle boats, leisure crafts, jet skis, and yachts. Basically, you can ensure a watercraft if it has a motor, but canoes or kayaks without motors are not considered boats for insurance purposes. Part Installers Beware – Perhaps you are a boat dealer who also installs aftermarket equipment or parts on boats. Unendorsed General Liability policies contain a “your work and product” exclusion, meaning any claim related to the installation of your aftermarket part is also not included.

If Im Towing My Boat And It Gets Damaged, Is That Covered By Auto Insurance Or Boating Insurance?

A good marine policy has the trailer listed separately with its own deductible, which can be as low as $100. Again, confirm that the coverage is sufficient enough to replace any loss with like kind and quality. In my case, I have Mercury insurance for my US auto policy, Boat US for my US boat policy and Ace Seguros for my Mexican auto and boat policies. Once it’s done it’s as simple as renewing your policies annually.

Let’s say that you and your colleagues are taking a business meeting on the boat when someone slips and falls. If this person sustains injuries, they could have grounds for a lawsuit—and that spells big trouble for your company. If the company boat is not covered by liability insurance, you stand totally unprotected when it comes to legal damages. If your company uses boats to conduct business, you may not be aware that you are at risk for premise liability lawsuits. Most liability policies contain specific exclusions regarding watercraft.

Liability coverage works a lot like homeowner’s insurance in the event someone gets injured while on your boat. Along with property damage liability, it usually covers bodily injury that includes hospitalizations, rehab and related medical expenses. Uninsured boater insurance coverage protects passengers on your boat as well. The underwriter must consider many factors when determining the rate to charge for a boat policy. Sometimes the underwriter will also consider the automobile driving record of the owner, and whether they have taken any safe boating courses. There are several ways that you can reduce the cost of your boat insurance.

Use our quick and easy tool to help you decide which coverage options are right for your home. To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. Yes, but typically only if your boat counts as a small watercraft, like a canoe, a small sailboat or a small powerboat with a horsepower of less than 25 mph. Upload your current policy info and get quotes from 40+ companies.

Pet coverage so that in case you bring your four-pawed family members on board, they’ll be covered in the event of being injured in an accident. Uninsured/underinsured coverage to cover damages or injuries if hit by a boater without insurance. Some of their marine partners are The Antique and Classic Boat Society, Lyman Boat Owners Association, and Century Boat Club. Progressive provides popular saving options—discounts for multi-policy, multi-boat, and safety courses. There is also a discount for members of the United States Coast Guard Auxiliary , the United States Power Squadron, and the United Services Automobile Association .

Get the best small business insurance quotes online & info on cost, coverage, minimum requirements, certificates & more. If you fish big waters, gulfs, bays and oceans, you can get coverage up to $10,000 for fishing equipment, $5,000 for personal effects and $2,500 for towing. If you cause an car liability insurance definition accident with your boat and someone is injured, this coverage can help pay their medical bills and loss of income. Not having the right boat insurance shouldn’t keep you off the water. NBOA Marine Insurance gives you peace of mind by ensuring you get the best possible rate on your investment.

Boat Insurance 101

It is therefore important not only to consider your legal liability to paid crew but also ensure you have the correct level of insurance in place. This is important if, for example, you live in California, but take your ski or wakeboard boat to Lake Powell in Arizona/Utah. Medical coverage pays for injuries to any person injured while on or in the insured boat regardless of fault or cause. Campsite liability for any accidents that occur once you’ve parked your travel trailer. You should check the laws in your state and city to see if you need any special permits, licenses or equipment for the trailer you’re towing before you head out on the road. And if you’re traveling to another state, check that state’s requirements as well.

Instant Issue Term Life Insurance – All online with no medical exam. Whether you’re heading out on the Delaware or taking a trip down the shore, following basic safety precautions is necessary whenever you venture out on the open water. NJM encourages all drivers to have a pre-departure checklist to ensure that you aren’t stuck in a sticky situation after undocking. Comprehensive – Covers you in the event your boat is damaged, stolen or vandalized in an incident other than a collision. I currently have Progressive but wanted to shop around before I renew. The highest level of tailored protection for all types of pleasure boats less than 27-feet in length.

Both your boat and your other assets need to be in good shape from an insurance coverage point of view for this to work. All insurance products advertised onReviews.comare underwritten by insurance carriers that have partnered withHomeInsurance.com, LLC. HomeInsurance.com, LLC may receive compensation from an insurer or other intermediary in connection with your engagement with the website. All insurance products are governed by the terms, conditions, limitations and exclusions set forth in the applicable insurance policy. Please see a copy of your policy for the full terms, conditions and exclusions.

You need to include your trailer on your boat insurance policy to ensure you receive the coverage. The standard homeowners policy in New York contains a limit of $25,000 per occurrence for liability coverage and $1,000 for premises medical payments. This amount is insufficient to cover many types of serious accidents. Liability coverage can be upgraded to $50,000, 100,0000, $300,000, or $500,000; medical payments can be increased to $2,000, $5,000, or $10,000. Because these costs are modest, we recommend that rural landowners strongly consider carrying the maximum limits allowed on their homeowner’s policy. While boat insurance policies will often cover a dinghy as part of your boat, you would need to purchase a separate personal watercraft or jet ski insurance policy if you’d like coverage for one of these.

Marine General Liability Vs General Liability

If you have a larger and faster vessel like a yacht, you will need to purchase a boat insurance policy. Depending on the boat accessories you have, you may need additional insurance such as trailer coverage. While a homeowners’ insurance policy covers some of the basics for boat owners, you should have actual liability insurance in order to truly protect yourself and your assets. Coverage typically extends to expenses such as medical bills, rehabilitation, and hospital stays.

Upon you request we can extend your policy for Blue Water racing over 100 nautical miles, providing you and your boat meet our underwriting criteria. Determining factors may be, but are not limited to, the age and type of your mast, the type of rigging your boat has, and your own personal experience. YP – The Real Yellow PagesSM – helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. “Preferred” listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page.

If you cause severe property damage, injuries, or casualty by negligence or inattention, how much will you have to pay if you are sued? Consider the cost of hospitalization, funeral expenses or legal defense fees. For example, in the event of a severe injury or casualty due to your actions or even negligence, an adequate amount of liability insurance can protect you financially. It is a good idea to get an understanding of what liability insurance is, what it covers, and how much you need to protect your financial well-being. Liability insurance protects you if something catastrophic should happen and you are at fault.

If your boat has a substantial engine or motor, you may have to get separate coverage. Your boating insurance will probably end up resembling your auto insurance policy. Hull insurance protects against loss caused by damage or destruction of waterborne craft or aircraft. It includes all articles and pieces of furniture within the vessel.

Covers loss or damage to your property in transit, and up to 30 days in storage. If your property can’t be delivered on time you may be able to claim for temporary accommodation. Proper Insurance provides coverage for all stays within your vacation rental property, regardless of the source of the booking or how the reservation was processed. It covers damage from renters, damage from natural disasters, loss of income, and liability. If you don’t have liability insurance for your rental, this program provides that protection. If you do have liability insurance for your rental, this program works with your current provider and gives you $1,000,000 in added protection for all reservations processed online through HomeAway checkout.

Novamar Insurance offers professional services, and our staff of English-speaking professionals can provide you with free quotes on our various policy options. This policy covers bodily injury, lost wages, sickness, or death that result from an accident. Liability insurance also covers legal fees and pain and suffering that may result from an accident if you are found legally liable. If you are liable for property damage, the coverage pays for damages to other watercraft, property, and structures.

Ice and freeze coverage—Should cold weather damage your boat’s engine and water systems, this will pay the bill. Hurricane haul-out provisions—This covers your costs of getting the boat out of harm’s way before a windstorm. Property damage—This is for damage your boat inflicts on someone else’s property.

Disaster can strike at a moment’s notice, so why not be prepared for it? No matter how safe you are, you’ll never be able to fully protect yourself from accidents. Pontoon boats are expensive, and knowing that yours is protected from damage outside of your control will give you peace of mind.

As you can see, the types of losses covered by a homeowners policy for a boat are limited in several ways. It is important to note that losses common to watercraft such as stranding, sinking, collision with another vessel or object are not a covered type of damage. At Sentry, we work with dealers who specialize in all manner of watercraft. We understand your boat dealership is unique, which is why our agents will work with you to create an insurance plan that makes sense for you. But we don’t just offer insurance, we also assist with risk management.

If it is not, you should purchase a new liability policy for it. If an accident does occur on your boat and it is not covered by insurance, consult an attorney who handles premise liability cases. A large percentage of boat owners in New York State do not have the proper insurance coverage that would provide them financial protection and add to their peace of mind during this boating season. Insurance policies for watercraft are commonly referred to as Boatowners policies and Yacht policies. The coverages usually provided by boatowners and yacht insurance policies are physical damage, liability and medical payments. American International Group, Inc. is a leading global insurance organization.

However, an “all risk” policy does not cover every type of loss. In insurance terms “all risk” just means that any risk not specifically omitted in the policy is covered. Typical exclusions include wear and tear, marring, denting, animal damage, manufacturers’ defects, design defects, ice and freezing. Physical damage coverage is required by your lender if you are financing your watercraft. If you dock your boat, your marina may require liability coverage.

The watercraft exclusion applies to the boat operator as well as anyone who is supervising or monitoring that person. For example, suppose that your firm hosts an employee picnic on a cabin cruiser it owns. Bill, your company president, is an experienced helmsman so he steers the vessel to the middle of the lake and drops the anchor.

Boat (marine) insurance Washington state Office of the Insurance Commissioner – Washington state Office of the Insurance Commissioner

Boat (marine) insurance Washington state Office of the Insurance Commissioner.

Posted: Sat, 03 Jun 2017 10:02:48 GMT [source]

In order to operate a boat in Florida’s public waters, it must be titled and registered with the state, which you have 30 days to do after you’ve purchased a boat. You can apply for a boat title and registration at a county tax collector or license plate agent office, and you have the option of applying for either a one-year or two-year registration. Once you’ve received your registration, Florida boating regulations require it to be kept on-board the boat during operation. You will also be provided with boat numbers and decals, which need to be affixed to your boat. Florida boating law also requires you to carry at least one personal flotation device, such as a life jacket, per person on the boat.

At Merrimac Marine, we understand the marine manufacturing industry, all that is involved and how to best protect an insured’s assets, property and employees. Our staff has been putting together effective, responsive and comprehensive insurance plans for three decades that address the operations and exposures of marine manufacturers. We assist our insurance agency partners with both securing and designing a program that will meet the individual risk profile of each client. Boat & PWC Rental- Although this is generally not required, rental insurance will help cover any damage the vessel, as well as the operator and passengers. “Actual cash value” policies cost less up front, but factor in depreciation.

The claims response service is available 24 hours a day, 7 days a week and provides immediate global assistance to all of our Members. Texas has the 6th most registered boats in the United States at over 600,000 in 2016. At Texan Insurance, we make it easy for you to get the coverage you need to stay protected no matter where you go.

There are requirements for operator licensing, safety equipment, drug testing, and so on. Similarly, the kinds of insurance you need are unique, in part because maritime law places extraordinary burdens of responsibility on the master of a vessel. Think about all those happy boaters in our lakes and rivers in the beginning of the boating season. Stretch the season as long as possible by purchasing the coverage you will need to repair your boat quickly in the case of an unfortunate mishap. Boating insurance is your first line of financial resources after an accident.

Be certain to include them when considering the value of your craft. These too can be broken out separately or lumped under “Hull” depending upon your boat insurance policy. If you are in an accident, it covers the cost to repair or replace the vessel.

Boat insurance is similar, in many respects, to auto and homeowners insurance. As with a homeowners policy, you can choose between the actual cash value or replacement cost in the event of a total loss. Similar to an auto insurance policy, you can also purchase comprehensive and collision coverage (commonly called “hull insurance”), along with coverage for bodily injury and property damage. Additionally, many boat policies provide coverage for salvage costs, fuel-spill cleanup and damage from water sports. Even if boat insurance is not required, it’s still a good idea to have a minimum of bodily injury and property damage liability insurance coverage. Without coverage from an insurance company, you’re responsible for paying costs out of pocket.

If there’s something that needs moving by air, sea, rail, road, post or courier, QBE marine cargo specialists can help protect it. From international artworks to complex nationwide supply-chains, we have the local and international expertise required to help businesses manage the risks and nurse liability insurance protect their assets. However, any reservations processed online through HomeAway checkout will be automatically covered at no additional cost to you. Many factors — including complexity, details of the claim, and associated damages — can affect how long it takes to resolve a claim.

Split limit liability coverage follows the type of coverage you usually see with automobile liability insurance. Liability covers property damage and personal injury to everyone except the named insured and immediate family members. It defends the named insured and pays on behalf only if named insured is found liable.

This program automatically provides coverage when a reservation is processed online through HomeAway checkout. Any incidents that occur in a property booked and paid for outside of HomeAway checkout are not covered. If a friend brings along snacks, and drinks am I at risk of losing my coverage? If a vessel owner accepts remuneration in exchange for being aboard the yacht, it can constitute a violation of the “Private Pleasure Warranty” resulting in a policy that is null and void.

Boat liability insurance covers a variety of things, such as property damage liability in the case of harm done to another boat, water skis or water boards, dock, or other related property. Other add-on options include wreck-removal coverage, temporary repairs , and “new boat” coverage, which protects your newly-acquired watercraft until you are able to add it to your insurance policy. As it emphasizes on its website, United Marine Underwriters is a specialty insurance company that writes insurance for just boats. It has been in business since 1990 and provides boat insurance in all U.S. states except New Mexico. Boat insurance navigation is also available to Canada, the Bahamas, and Mexico.

Navtours also disclaims any liability for loss or damage on the personal property of the charterer and its guests. Individual insurance for passengers can be contracted by the charterer and guests, to its benefit and expense, to cover the risks mentioned above. Many of our insurer partners offer discounts based on safety and multiple policies. Some even offer the opportunity renters liability insurance cost to bundle your boat insurance with your auto insurance and/or homeowners insurance, which can provide you with premium savings. Most boat and yacht policies exclude coverage while your boat is chartered to someone else, or used to carry passengers for a fee. Under the right circumstances, a good marine insurance company may extend your coverage to include those situations.

It includes theft of the vessel, and/or its contents and personal effects, malicious damage and includes cover for transit damage, for boats designed to be transported on their own trailer. You accidentally injure a swimmer with your propeller in shallow water. If you are at fault, the boat liability insurance will pay for the personal injury caused. If you have comprehensive insurance or property damage coverage built into your policy, your boat insurance will cover collision with rocks, logs, and other marine obstacles. Depending on the insurance company and structure of your policy, boat insurance may or may not cover hurricane damage.

Just be aware of your dates and don’t take your boat for a ride during this period or you will not be covered. Even if your boat is securely docked or sitting pretty on your driveway, it’s a good idea to make sure it’s properly covered with an insurance policy. That way you can have proper peace of mind when you are good to hit the open water. On water towing is typically an additional feature of boat insurance.

If a guest is injured on the boat and demands compensation, the claim will not be covered by your liability policy. One exception applies to bodily injury or property damage that arises out of boats located on your premises. For example, suppose your firm owns a small motorboat it uses to take clients on occasional fishing trips. You store the boat in a shed behind your office during the winter. One day in early spring, you are in the shed cleaning the boat when a customer stops by to check on an order.

A standard ISO Homeowner policy provides up to $1,500 coverage for an unendorsed “watercraft”. A home policy is not designed for a boat of any size or value. American crews need to stop competing against each other on price, join forces to raise their rates throughout the country. There’s still some captains in this country willing to work for a hundred and change a day just to steal work. You can make more working at McDonald’s with a lot less risk, more benefits and protection.

As your liability limit increases, so will the cost for boat liability insurance coverage. However, the difference in price between the minimum liability limit and $100,000 in coverage is often minimal. Your home insurance policy covers your boat in some cases, but it doesn’t go far. Homeowners policies typically cap boat coverage at $1,000 or 10% of your home’s insured value. And liability coverage — which pays for damage your boat does to others — typically isn’t included under home insurance. So a home insurance policy might help you only if your boat is small, slow and inexpensive.

By representing several A-rated carriers, we can insure them all – Personal Water Crafts, jet boats, fishing boats, power boats, sailboats, and yachts. I had Allstate Insurance for my house, car, RV and motorcycle for over 40 years. what is public liability insurance But even my Allstate agent advised me not to put my boats with them. All state wrote a policy for me, drpped it a week later saying the boat’s too old. Coverage designed for yachts, sailboats, fiberglass boats, and more.

For instance, if you are towing your watercraft and someone rear-ends you, damaging the watercraft, the marine policy will cover the damages. If you are towing your boat and you side swipe someone with the trailer, causing damage to a third party your auto policy will respond. While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage.

Most motorcycle policies are on an annual term, meaning coverage is offered one year at a time. However, companies realize that people in North Dakota don’t normally ride their motorcycles in December or January. When companies set insurance premium rates for motorcycles each month is weighted. For example, months such as July or August could be weighted to equal 16 percent of the premium, but months such as December or January only account for two percent of the premium.

Our boating season is short in many parts of New York and we sometimes overlook the fact that many boaters are anxious to get out there quickly. We see many accidents, small and large, and many unhappy boat owners that may not have the proper insurance to protect their important assets- their boats and most importantly, their families. In New York you can purchase a Boat Insurance Policy with replacement cost value coverage for physical damage to your boat. Boats depreciate, same as a car would depreciate but by purchasing physical damage coverage on your boat, it can be replaced with a brand-new model or at least a model of the same cost that you paid. We realise that legal liabilities can emerge even when passengers are not on board.

Insurance outlook for recreational marine and yacht owners – PropertyCasualty360

Insurance outlook for recreational marine and yacht owners.

Posted: Thu, 13 Jun 2019 07:00:00 GMT [source]

Yacht insurance is an insurance policy that provides indemnity liability coverage on pleasure boats. Watercraft insurance policies may limit the geographic areas in which the boat or watercraft can be operated while maintaining coverage. These often include inland waterways, rivers, and lakes, as well as ocean waters within a certain number of miles from shore. In the event of a total loss, it is important to know whether your policy pays actual cash value or agreed value . ACV is cheaper, because it only pays for what the boat was worth at the time of the loss, factoring in depreciation and wear and tear on the vessel.

But homeowner coverage for your liability risk – such as running into someone else’s boat – is generally limited to the boat size and the motor’s horsepower. Self policy service any time of the day, directly from our website. To request a policy change on your account, click any of the following policy service options below. Coverage is provided for damages arising out of ownership or occupancy of the insured premises when not maintained in a reasonable manner. This also covers damages arising out of operations performed by the insured business. The General Aggregate Limit is the most money the insurer will pay under a certain coverage for all claims occurring during the policy term.

TGS Insurance Agency is a registered DBA of The Go Solution, LLC. TGS Insurance Agency marks contained herein are trademarks of The Go Solution and/or affiliated companies. As a responsible gun owner, safety is your top priority and protecting your assets is ours. We protect you from the unexpected by offering custom, supplemental coverage. In 2017, the Coast Guard counted4,291 accidentsthat involved 658 deaths, 2,629 injuries and approximately $46 million dollars of damage to property as a result of recreational boating accidents. This information is designed to help you with your decision-making, and it is not intended to provide advice. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you.

Content library features safety and insurance articles, videos, infographics and more to help keep your family and property safe, and guide you through the insurance-buying process. There are many costs that might arise from at-fault accidents, and you want to be able to cover the costs. Complete a boating safety course and show your agent the certificate. Also, it’s important to know that your boat won’t be insured everywhere. Granted you won’t be taking your pontoon out on the ocean, you need to make sure you’re covered if you take it on a trip to Canada. Some policies charge extra and will have someone collect your boat and transport it further inland if a dangerous storm approaches.

3) You need a Mexican auto insurance policy which covers liability and comprehensive for your vehicle. If your policy has a towing rider then it typically also covers liability only on your boat and trailer while attached to the vehicle. Mexican auto policies typically do not cover comprehensive coverage on your boat and trailer while attached to the vehicle but if you chose comprehensive on your US boat insurance policy it will. This maybe the most important reason to purchase boat insurance- to be covered if others are underinsured. Uninsured Boater Coverage pays for medical treatment, wage loss and other damages you would have received from the other person’s insurance company had they had boat insurance coverage.

We have taken that one step further with the introduction of our new Charter Boat Policy. In our humble opinion, this is the broadest Charter Policy available in the country. Regardless of your budget, we have the flexibility to tailor a policy for you that meets your coverage needs. After you receive your quote, an insurance broker will contact you to review the quote and determine if you are eligible for additional discounts.

As far as I can determine, if you’re on the Pacific side of Mexico, you absolutely must carry Mexican Liability Insurance – google it online, there are many companies offering it. Apparently your US policy liability is NOT recognized in Mexico. If you’re headed to Mexico, the best I can recommend is researching the latest requirements by talking to other cruisers recently there or online.

Uninsured Boat Owner CoverageIf purchased, this provides coverage for your injuries resulting from an accident that is the fault of an uninsured boat owner or “hit and run” operator. If the company formally accepts your application, it will issue a policy, usually covering a one year period. If your application is rejected, you will need to apply to another insurer. We have heard from cruisers that kept their boat in the US for the first year then wanted to sail to Panama and through the panama canal and Yachtinsure was able to easily adjust their policy do to this.

Since 1958 Voyager Marinehas represented only the highest-rated marine insurance carriers in the industry who have carried an A or better rating from A.M. By only dealing with financially sound, highly reputable companies, we can enhance the security of your investment. Unlike many insurance agencies offering boat insurance, Voyager Marine is a boat insurance specialist committed to the unique needs of boat and yacht owners.

Date: August 16, 2021

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