Before taking your boat or personal watercraft (PWC) out this summer it might be a good idea to ensure that it has proper insurance coverage. A boat or PWC policy is designed to protect you from financial losses and liability claims in the unfortunate event that you get into an accident with your boat, jet ski, wave runner or other watercraft.

Boat insurance policies from major insurance companies provide protection for your boat on water as well as on land. Typically, boat insurance policies cover costs related to fuel spills, wreckage removal, property damage and bodily injury.  Like an automobile insurance policy, boat and PWC insurance policies too provide insurance coverage to other boat owners in the event that you are legally responsible for an accident.

Many insurance companies offer a new boat price protection offer under which the insurance company will pay the full cost to replace a damaged boat, if the insured boat was less than two years old. In other situations, the insurance company will pay up to a previously agreed upon value for your boat regardless of how old it is. Typically, large insurance companies also provide roadside assistance, emergency assistance and personal effects protection as part of their boat and PWC insurance policies.

To find out more about how to protect your boat or PWC this summer please contact the boat insurance specialists at North Central Insurance in Elk River, Minnesota.