How Much is Boat Insurance in Massachusetts
Whether you have a fishing boat, dinghy boat, deck boat, catamaran, sail boat, houseboat, pontoon, yacht, jet ski, or any other kind of watercraft, it’s definitely no Boat Insurance in Massachusetts. So when you consider all the day-to-day risks that can damage your watercraft, it can be kind of scary. You know what else can be scary? Opening an unexpectedly high insurance bill.
But not to fear – Team Berry is here! We’ve been protecting clients’ watercraft through reasonably-priced policies for years. And we can also help you figure out what you might expect to pay to insure your boat.
In this article, we’ll give you an estimate on what watercraft insurance can cost, get into the factors that influence it, and give some real examples of insurance premiums for Massachusetts boat owners.
It is called the Bay State for a reason. If you live in Boat Insurance in Massachusetts you can rest assured that there will always be somewhere to take your boat. No matter if you head into the bay or one of the many lakes and rivers in the state, you are going to have the time of your life – but only if you have the right Massachusetts boat insurance policy.
Boating without insurance is a mistake. You are not required by law to carry coverage, but this will go a long way in cutting back on stress. When you have a boat insurance policy, your vessel is covered for everything from natural disasters to accidents (on and off the water) and much more.
United Marine Underwriters has a quick online quote for register boat trailer in virginia owners. You can get a quote in 90 seconds and purchase online. Many boat owners get a quick quote and then call us to discuss and purchase coverage.
What is Boat Insurance?
Going out on a boat is fun, but being on the water comes with a certain level of risk. There are thousands of boating accidents annually, and some result in significant damage, injury or loss. Massachusetts residents who own boats generally are aware of and accept the risks, and most know what safety precautions should be taken while on the water. Not all boaters, however, purchase boat insurance.
Without boat insurance, boaters can be dangerously exposed to potential financial costs if they’re in an accident on the water. A policy won’t prevent an accident from occurring, but it can help boaters recover from costs related to a covered accident they’re involved in.
Who in Massachusetts is Watercraft Insurance Right For?
Most Massachusetts residents who own a Boat Insurance in Massachusetts should consider purchasing watercraft insurance. This includes people who own:
- Powerboats (i.e. fishing boats, speed boats, cruisers, ski boats, etc.)
- Sailboats (i.e. racing boats, daysailers, weekenders, etc.)
- Jetskis or other personal watercraft
- Small boats (i.e. canoes, kayaks, skiffs, rowboats, etc.)
In a few cases, homeowners policies may provide coverage for select small boats that don’t have a powerful engine. If coverage is provided through a homeowners policy, boaters may not need to purchase duplicate coverage through a boat policy. Not all homeowners policies offer such coverage, though, and those that do frequently have tight restrictions on the size and type of boat that can be covered.
In other cases, owners of small boats sometimes don’t think they need coverage for their boat because the boats are inexpensive. Boat policies don’t just insure boats themselves, however. They also may provide liability protection for injuries and deaths that occur on the water, and on-water accidents can happen no matter what type of boat someone owns.
What Coverages Does Watercraft Insurance Offer?
Boat Insurance in Massachusetts are somewhat similar to auto policies in the coverages they offer. While watercraft policies can have coverages that aren’t found in auto policies, many of the main coverages watercraft policies offer are commonly offered by auto policies.
Some examples of coverages that both watercraft and auto policies might offer include:
- Medical Payments Coverage, which may cover injuries sustained by a boater’s passengers
- Bodily Injury Liability Coverage, which may cover injuries sustained by swimmers or people in other boats
- Comprehensive and Collision Coverage, which may cover damage sustained by a boat
- Property Damage Liability Coverage, which may cover damage sustained by other people’s boats or other property
The coverages that a boat policy might offer but typically aren’t found in auto policies include protections like:
- Coverage for waterskiing or fishing gear stored on board a boat
- Coverage for life vests, lines, anchors and other marine equipment
- Coverage for both on- and off-water towing
- Coverage for recovering a sunken boat
(As is true with auto policies, the exact coverages offered by boat policies can vary.)
Can Boaters Cancel Their Coverage During Winter?
Some boaters try to save on insurance costs by canceling their watercraft insurance during the winter when they aren’t boating, but this strategy can backfire. First, canceling coverage altogether leaves a boat without protection if it’s damaged while in storage. Second, canceling a policy can also create a coverage gap that may lead to being assessed higher premiums in the future.
Rather than completely canceling their policy, Boat Insurance in Massachusetts are often better off adjusting their coverages for the winter. Many insurers offer policies that have limited, but sufficient, protections and lower premiums. These policies can be designed to provide enough protection for a boat while it’s in storage, and they help avoid coverage gaps.
Whether you have a fishing boat, dinghy boat, deck boat, catamaran, sail boat, houseboat, pontoon, yacht, jet ski, or any other kind of watercraft, it’s definitely no Boat Insurance in Massachusetts. So when you consider all the day-to-day risks that can damage your watercraft, it can be kind of scary. You know what else can…