It’s a common misconception that you can fully insure your boat through your home insurance policy. While you may have your boat included in your homeowners insurance coverage, this will most likely leave you underinsured. Home insurance policies have limitations for the size and horsepower of the craft that may be covered, and you will have limits on the types and costs of damages covered. Unless your boat is primarily in storage on your property, you’ll want to take out a dedicated boat insurance policy.
Most policies will include coverage for damage to the boat, sails, hull, and equipment; new boat replacement; and fuel spill and cleanup liabilities.
Along with a boat insurance policy, it’s a good idea to include umbrella insurance for additional liability protection in the event of an accident.
The cost of boat insurance coverage can vary dramatically for different watercraft. Here’s a look at the factors that will contribute to your quote:
If you’re looking for boat insurance in Vermont, fill out the form at the bottom of this page to get a free insurance quote, or you can also reach out to us directly.