Boat Insurance for Different Types of Watercraft: Sailboats, Powerboats and Personal Watercraft

Understanding the nuances of Br injury. The type and horsepower of the engine, along with the boat’s primary use, are crucial in determining the insurance policy specifics.

Personal Watercraft

Insurance for personal watercraft like jet skis often includes considerations for the unique risks posed by these agile and fast-moving vessels. Due to their size and operation mode, PWCs may be more susceptible to certain types of incidents, affecting the kind of coverage that may be beneficial.

Key Considerations For All Watercraft Types

In Alabama, boat insurance is not mandated by state law. However, certain circumstances might necessitate having insurance, including the following:

• Marina requirements—If you dock your boat at a marina, the marina may require you to have liability insurance to cover damages or injuries that might occur while the boat is docked.
• Loan requirements—If you have taken out a loan to purchase your boat, the lender might require you to maintain insurance to protect the boat, which serves as collateral for the loan.

Even though it’s not a legal requirement, having boat insurance is a prudent decision to protect your investment and cover potential liabilities. It can help cover costs related to damages, injuries and other liabilities that may arise while operating or owning a boat.

Your agent can help consider your specific circumstances and risks when deciding on boat insurance, and they may recommend the following:

• Liability coverage may help cover costs if you’re responsible for another person’s injuries or property damage.
• Physical damage coverage may assist in repair or replacement costs for your boat or personal watercraft.
• Uninsured/underinsured boater coverage may help provide financial protection if you’re involved in an accident with another boater who is not insured or doesn’t have adequate insurance.

Depending on your needs and risks, your agent may recommend additional boat insurance options, such as coverage for medical payments, theft or towing.

Contact Us

Southern Insurance AL, LLC offers personalized insurance solutions in the Foley, Alabama, area. Contact us to get a quote and learn more about how you can secure the right insurance for your maritime adventures.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.