Boat Insurance and Port Coverage
Boat insurance is a problem area for many boat owners. While they understand that boats can wreck or malfunction just like any other motor vehicle, they do not necessarily insure their watercraft according to the machine’s use. In particular, many boaters may believe that their boat is automatically covered under homeowner’s insurance and will protect the vehicle no matter how far away from the home port the boat is.
Contact the Chicago boat insurance agents at Insure on the Spot by calling 773-202-5060 to discuss your boat insurance options today.
Is My Boat Covered?
In short, there is no definitive answer to whether or not a particular boat is covered by an insurer without contacting that insurer directly. Different boat insurance companies offer different benefits depending on the cost of the policy or the willingness of the insurer to provide wider-scale coverage across American coasts. Generally speaking, there are only a few options for boaters when it comes to distance coverage:
- Insure a boat within a certain area surrounding its home port
- Insure a boat with an insurer that covers the national coast
- Insure a boat with an insurer that will always cover the boat, regardless of location
- Not insure a boat
It is extremely inadvisable to go without insurance for a boat, as the repair costs and injury expenses that can be accrued due to a boating accident can be very expensive. While increased protection may seem like a good idea, the additional features could drive up the cost of the policy.
If you are looking for a reliable and affordable insurance policy for your boat, contact the Chicago boat insurance experts at Insure on the Spot by calling 773-202-5060 today.