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Watercraft & Boat Insurance

Like most vehicles, boats are susceptible to various incidents both out on the water and in storage. Boat insurance can limit potential out-of-pocket expenses following a covered accident.

What Does Boat Insurance Cover?

Policies differ among boat owners, but standard coverage typically includes the following:

  • Liability coverage helps cover expenses if your boat causes damage to another person’s property.
  • Medical payments coverage helps cover medical expenses if you or a passenger is injured on your boat.
  • Boat insurance property coverage helps protect your boat from various risks and potential incidents by covering costs related to incidents such as theft or vandalism.
  • Uninsured watercraft coverage helps cover expenses if an uninsured boater collides with you and causes injury to you or your passengers.

Reach out to Akin & Associates Insurance Group to learn about potential policy customization options.

Is Boat Insurance Required?

The state of Alabama does not require boat insurance. However, carrying coverage can limit potential accident-related costs. If an accident occurs and you do not have boat insurance, you may have to pay high out-of-pocket costs.

How Expensive Is Boat Insurance?

Boat insurance costs can vary significantly among policyholders. Insurance for a larger boat, such as a yacht, might be considerably more expensive than coverage for a standard speed boat. Additionally, your insurance carrier may use factors such as your insurance claim history and location to determine your coverage rate.

Contact Our Agency

If you are a boat owner near Decatur or Cullman, Alabama, the dedicated agents at Akin & Associates Insurance Group can assist you in learning more about insurance options to help you select the proper coverage for your boat.

Contact our agency today at 256-355-8500 to learn more.

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