Power Boat Insurance

Whether  you’re cruising the beautiful Intercoastal Waterway or enjoying the Lake Michigan water glisten in the sun, the peace of mind that good powerboat insurance brings needs to be there with you.

Following are what might not be covered by powerboat insurance.

Powerboat Exclusions

Exclusions can differ so much between insurance companies that you must compare, but here are some common ones:

• Physical Damage Exclusions- defective machinery or damage to boat caused by machinery or damage from animals to your boat

• Other Watercraft- If have a dinghy on your boat, it usually needs to be on a separate policy

Powerboat Coverages

Following are the 3 coverages you’ll see:

• Bodily Injury Liability- Expenses paid for injuries that you’ve caused to others

• Property Damage Liability-  Pays damages from damages you’ve caused to property other than yours

• Physical Damage- This covers damage to your own boat and its trailer

Check with your agent for other optional coverages that may be available for your boat.

Steve Wyrostek -BoatInsurance.org Expert A 20 year plus veteran of the insurance industry, Steve managed departments in the personal and commercial lines areas of major insurers. He’s familiar with how insurance—ranging from boat to workers compensation—works.