Protection for your passengers and your investment
Comprehensive watercraft insurance protects you, your friends and family, your watercraft and your boating equipment. Boat insurance provides peace of mind about your safety, the safety of your passengers, and your investment, and Cincinnati-based Mariemont Insurance can find the right policy for you and your boat.
These are some factors you should consider in order to determine the right amount of coverage for your watercraft.
- Navigational Area: Look for coverage that extends up to 75 miles from the U.S. coastline, into Canadian coastal or inland waters, and into the Pacific coastal waters of Mexico.
- Agreed Value Coverage: Agreed value coverage sets an amount that you and the insurer agree the boat is worth. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible. Actual cash value policies can make it very difficult to replace a boat that has been stolen or destroyed..
- Personal liability insurance covers other boaters and owners if you are responsible for an accident. It will pay to repair or replace someone else’s property and medical care, lost wages, and other costs incurred as a result of a boating accident for which you are at fault.
- Medical payments coverage will pay for the cost of care needed as a result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and water skiers/tubers, regardless of who is at fault.
- Physical damage coverage pays to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer if these are damaged, lost or stolen.
- Uninsured/Underinsured watercraft bodily injury. If you are hit and injured by an uninsured or underinsured boater, this coverage pays for medical treatment, lost wages, and other costs associated with the accident.
- Fuel spill liability and wreckage removal. If your boat sinks or is damaged in the water, it may leak oil or fuel into the water. As the owner, you are responsible and are required by law to have this remediated. This can be expensive and difficult unless you have fuel spill liability and wreckage removal coverage.
- Your policy can provide coverage for personal effects, including clothing, jewelry, cell phones, scuba/snorkeling gear, sporting equipment, and fishing equipment. Personal effects coverage does not include jewelry, watches or furs.
- Unattached Equipment Coverage pays to repair or replace equipment that isn’t permanently attached to the boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.
- An Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or a loaned battery if the watercraft is disabled on the water.