Boat Insurance: A Beginner’s Guide to Coverage

Having a boat can be one of life’s many joys. From Saturday mornings fishing to Sunday afternoons sailing, boating is a hobby that millions of Americans enjoy. While boating is a great way to spend your time, it doesn’t come without some risks. According to Statista, 3,191 people were injured in boating accidents in the United States in 2020. Learn how you can protect your cherished hobby, yourself, and your passengers with boat insurance.

What Is Boat Insurance?

A white boat on the water

Boat insurance covers you if your boat is lost, damaged, or stolen. Most types of boat insurance cover any watercraft with motors, including:

  • Yachts
  • Fishing boats
  • Pontoon boats
  • Leisure crafts
  • Paddle boats

Depending on the type of boat insurance your purchase, your canoes, kayaks, or personal watercraft may not be covered. Additionally, most boat insurance policies include some sort of liability insurance. These policies are meant to cover you when you are responsible for damages and injuries to other boat owners.

What Does Boat Insurance Cover?

Not unlike auto insurance, boat insurance can help protect you and your vehicle from potential risks. Types of boat insurance you should consider and what they cover include:

  • Property coverage: This coverage is meant to help you fix your boat if it gets damaged in an accident or help you replace your boat if it’s stolen or goes missing.
  • Liability coverage: This type of plan has you covered if you damage another person’s boat or other property and will help you pay for the expenses that come with this type of damage.
  • Medical payments coverage: If you or one of your passengers is injured while out on your boat, this coverage can help you pay for medical expenses.
  • Uninsured watercraft coverage: If you and another boater get into an accident and one of your passengers or yourself is injured, this coverage can help you pay for the resulting expenses if the other boater is uninsured.

Contact RG Insurance Agency

RG Insurance Agency is a family-run business that is determined to help you get the best deal possible. Contact us today or stop by our Pharr Texas office to learn more about boat insurance and other types of insurance we offer.

RG Insurance Agency | | 956-702-2705 |