Category: Boat/Watercraft Insurance

Do you live in or near Renton, WA? Do you own a boat? Is it insured?  If not, All Nations Insurance can help you. Only Utah and Arkansas have boat insurance mandates. But it is still wise to obtain it.

What is boat insurance?

It protects you financially from damage or injuries you cause to others while boating. It will also cover your boat and trailer if it’s stolen or vandalized. Boat insurance will cover fishing boats, powerboats, pontoon boats, and other watercraft such as Jet Skis.

Boat insurance is like homeowners insurance. You will be covered if someone is injured on your boat. Like car insurance, you can purchase collision and comprehensive coverage for your boat.

A lender may require your boat to be insured if you are financing the vessel and most marinas will require it if you are docking your boat there. When choosing your coverage, you can decide between actual cash value or replacement cost coverage if your boat is stolen or totaled. The chosen coverage decides what your cost will be and how much the insurance company will pay on a filed claim.

A boat insurance policy does not cover boat docks. The homeowners’ policy will pay for dock damage resulting from hail, fire, lightning, or windstorms if it is located on your property.

The amount of insurance you need for your boat depends on several factors. The age, size of the motor, value of the boat, lender requirements, marina, and state requirements and its intended use. When choosing a coverage amount, it is a good idea to assess risk tolerance, budget, and personal assets.

Give Us A Call

All Nations Insurance in Renton, WA can provide you with a no-obligation quote or answer any questions you may have regarding this coverage. Contact us today. You will be glad you did.

All Nations Insurance serves the Renton, WA community. We strive to make sure that our clients are protected in every scenario. We help our clients obtain dependable and reliable coverage so that they are prepared for whatever life brings their way. We look forward to assisting you.

Detailed Look At Boat Insurance

During warm summers in the Renton, WA community, many residents enjoy going out by the lake and spending time on their boats. While boating is a popular hobby, it does come with significant risks. Boat insurance helps you stay covered while you’re out on the water. Boat insurance covers multiple types of boats: watercraft, fishing boats, and powerboats. You are covered if your boat is damaged in a collision with another object. Comprehensive coverage protects all of your personal items on the boat in the event that they are stolen. You’re also covered if your boat is vandalized or damaged due to a fire or natural disaster. Liability coverage protects you if you accidentally injure someone or cause property damage. If you have any guests on your boat, liability coverage protects you if someone suffers an injury.

Suppose you have any luxury items on your boat or special accessories. In that case, you can amend your policy and add extra coverage so that you will be fully protected if a disaster occurs. You can also add emergency roadside assistance if your boat suffers engine trouble. You will receive immediate towing service. Fuel spill coverage is another popular add-on to boat insurance policies. This type of coverage protects you if your boat starts leaking oil into the water. Look over your policy’s navigational limits. The navigational limits outline the different places you can operate your boat while still maintaining coverage.

All Nations Insurance Will Help You Cover Your Assets

Give us a call to learn more information about boat insurance.