Watercraft & Boat Insurance in Foley, AL
Boat insurance is an essential consideration for boat owners to protect their investment financially. Without it, boat owners would have to pay for costly incidents out of pocket. Additionally, boat insurance is often a requirement for using ports or marinas, making it even more important to maintain coverage.
What Does Boat Insurance Cover?
Boat insurance typically offers the following coverage options:
- Hull coverage can help financially protect your vessel if a qualifying incident, such as a fire, storm or collision, damages it.
- Medical payments coverage can help pay to treat injuries if you or your passengers are hurt in a boating accident.
- Property damage liability coverage can help cover the cost of repairing or replacing a third party’s property that is damaged by your boat.
- Bodily injury liability coverage can help cover the medical bills if you injure a third party with your boat.
- Uninsured/underinsured watercraft coverage can help pay for damages and injuries if you are in a boating accident with someone who does not have proper insurance.
- Personal effects coverage can help pay the costs associated with repairing or replacing valuable possessions that are lost or damaged while on the water.
- Emergency assistance and towing coverage can help pay to have your boat towed if it breaks down on the water.
For additional financial protection, some insurers also offer fuel spill coverage, trailer or boat life coverage and named storm coverage.
How Much Does Boat Insurance Cost?
The following factors can influence the cost of boat insurance premiums:
- Value of the boat
- Type of boat
- Location
- Policy details
Learn More
For boat insurance near you, contact Southern Insurance AL LLC.