WHAT DOES BOAT/WATERCRAFT INSURANCE COVER?
A boat or watercraft insurance policy from Kentucky Shield will put your mind at ease while cruising on the open water. Our policies will fully protect you, your family, and your watercraft from the nasty side of mother nature, making your time on the water as safe and relaxing as possible.
Things to consider with boat insurance:
Navigational area- Don’t get lost at sea, know exactly where in the water your boat is covered. Policies may cover you up to 75 miles from the U.S. coastline and even into Canadian and Mexican waters. States like California, Florida, and Oregon offer the opportunity to purchase coverage in additional areas.
Agreed Value Coverage- As soon as you purchase a watercraft and it hits the water, its value begins to depreciate. With agreed value coverage, your payout in the event of theft or total loss damage will be the initial value you insured it for, minus deductibles.
Liability – Liability insurance with watercraft functions similarly to personal liability coverage in car insurance. If you are at fault in an accident and cause damage or harm to another boater, liability coverage will pay for medical care and other related costs you are responsible for.
Medical Payments – Kentucky Shield offers medical payment coverage from $500 up to $10,000. This policy covers medical payments that are the result of a boating accident regardless of who is responsible.
Physical damage coverage – Pays for repair or replacement costs of your watercraft, all permanently attached equipment, and lost or damaged trailers
Uninsured/Underinsured Watercraft Bodily Injury- Boat owners will often skip boater’s insurance if it is not mandatory, meaning they will not receive payment to cover medical expenses in the event you are struck and injured by their watercraft. This policy: however, will keep you afloat, paying for medical treatment and other costs should such an accident occur.
Fuel Spill Liability and Wreckage Removal – If your boat leaks oil or fuel into a body of water, you as the boat owner are required by law to have the spill cleaned up. This policy will help you work through what can otherwise be a long and costly process.
Personal Effects – Kentucky Shield’s policies offer coverage of certain personal effects like snorkeling or scuba gear and cell phones. Contact us to find out all that Personal Effects Coverage can do for you.
Unattached Equipment Coverage – Primarily designed for boats, this coverage will pay to replace or repair equipment like water skis or fire extinguishers that do not permanently attach to your watercraft.
Emergency Assistance – The best way to be sure you won’t get lost at sea. Covers the costs of towing, as well as gas or battery delivery if your watercraft becomes disabled on the water.
We’re here to answer all the questions you may have regarding a watercraft insurance policy. Talk to one of our agents so we can start fitting you with a policy that meets your needs.
