Do you own a boat? Is it insured? If not, Armor Insurance Group, which serves the Virginia Beach, VA area, can help you.
Boat insurance provides protection from damage or injuries you cause to others while on your boat. This insurance can cover the boat and trailer if stolen or vandalized. Boat insurance covers the following types of boats:
- Fishing boats
- Personal watercraft, such as Jet Skis and Wave Runners
- Pontoon Boats
- Powerboats
- Sailboats
For added protection, you can purchase additional coverage, such as uninsured/underinsured (UB) coverage.
Boat insurance works like car insurance. If you damage your boat or cause damage or injury to someone else, you file a claim. If the event is covered, the insurer pays for the injuries or losses up to coverage limits.
Many think their boat is covered under their homeowners’ insurance policy. That is incorrect. At the same time, it will provide coverage for a small boat while on your property, it will not provide the coverage you need on the water.
Here is the standard coverage available in a boat insurance policy.
- Liability pays for injuries or damages to others up to policy limits
- Physical damage coverage includes both collision and comprehensive, including damage from events out of your control, such as theft, fire, or weather, or a collision with another boat, regardless of fault
- Uninsured/underinsured (UB) pays for injuries if a boater hits you with no or little insurance
If physical damage is due to an incident involving components such as fuel tanks, hulls, fittings, furnishings, anchors, motors, batteries, and safety equipment, it will be covered.
A standard boat insurance policy will cover removing the wreckage if your boat sinks and will also cover fuel spills.
The Armor Insurance Group will provide a no-obligation quote or answers to any questions. Contact them today.
