Many people believe sailboats or powerboats are covered under their auto or homeowners policies. But, for most insurers, that isn't the case. Consider this:
• Typically, an auto policy won’t provide liability or physical damage coverage for a boat.
• Most homeowners policies provide a limited amount of coverage for physical damage to boats. They also restrict automatic liability coverage to low-powered boats.
Large, fast motorboats, yachts and personal watercrafts such as jet skis and wave runners require a separate boat insurance policy. Boat insurance offers coverage for things like:
• Bodily injury - for injuries caused to others, such as swimmers, jet skiers or other boaters
• Property damage - for damage caused to someone else's property
• Theft and vandalism – that can occur on land or in the water
• Medical payments - for injuries to the boat owner, family members and others who are injured.
Erie Insurance Boat Protector Policy
With a policy from Erie Insurance, you’ll get comprehensive coverage that covers many types of losses. It will cover, for example, damages resulting from a collision, fire or lightening. ERIE offers:
• Up to $500 in coverage for boating equipment and accessories at no additional cost
• Payments up to $250 per occurrence for emergency towing to the nearest marina, if your boat is disabled or stranded on the water
• $1,000 coverage of non-owned property
• $500 fire extinguisher recharge
For an additional premium or fee, ERIE also offers optional coverage such as uninsured boater protection. This coverage protects you should you be involved in a boating accident caused by a hit-and-run boater or a boater who has no insurance. Credits are available, too, for things like radars, built-in fire extinguishing systems and ship-to-shore radios.
So, if you have a boat or are thinking about getting one, give me a call. I will review your coverage and help ensure that your boat is properly insured. Call 920-261-3255.
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