Biggsville, IL 309-627-2050

Monmouth, IL 309-734-8899

Galesburg, IL 309-342-7183

Boat Insurance in Burlington, IA, Galesburg, Biggsville, Stronghurst and Surrounding Areas

What Kind Of Losses Are Covered By Boat Insurance Policy? 

Boat insurance policies typically provide coverage for a range of losses and liabilities, offering protection for both the vessel itself and its occupants. 

Boat Insurance in Burlington, IA, Galesburg, Biggsville, Stronghurst and Surrounding Areas

Bi County Insurance & Western Illinois Title provides boat insurance policy in Burlington, IA, Galesburg, Biggsville, Stronghurst, IL, Monmouth, IL, Oquawka, IL and surrounding areas. 

These are some important things to remember regarding the types of losses covered by boat insurance: 

  • Physical Damage: Boat insurance typically covers damage to the boat itself caused by various perils such as collision, fire, theft, vandalism, and weather-related incidents like storms or lightning strikes. This coverage helps pay for repairs or replacement of the boat if it’s damaged or destroyed. 
  • Liability Coverage: Boat insurance often includes liability coverage, which protects the policyholder if they are found legally responsible for injuries to others or damage to their property while operating the boat. This coverage can help pay for medical expenses, legal fees, and property damage claims filed against the boat owner. 
  • Medical Payments: Boat insurance policies may include coverage for medical payments, which can help pay for medical expenses incurred by the policyholder, passengers, or others injured on the insured boat, regardless of who is at fault for the accident. This coverage can be especially important in covering immediate medical costs resulting from boating accidents. 
  • Uninsured/Underinsured Boater Coverage: This type of coverage protects boat owners and passengers if they are injured in an accident caused by another boater who either doesn’t have insurance or doesn’t have enough insurance to cover the damages. Uninsured/underinsured boater coverage can help pay for medical bills, lost wages, and other expenses resulting from the accident. 
  • Personal Property Coverage: Many boat insurance policies offer coverage for personal belongings stored on the boat, such as fishing equipment, water sports gear, and electronics. This coverage helps replace or repair personal property that is lost, stolen, or damaged while on board the insured vessel. 
  • Emergency Assistance and Towing: Boat insurance policies often include coverage for emergency assistance and towing services. If the insured boat becomes disabled while on the water, this coverage can help pay for the cost of towing the vessel to a repair facility or back to shore. Additionally, it may cover other emergency services such as fuel delivery, jump-starts, or on-water assistance in case of breakdowns or accidents. 

These are some of the key losses covered by boat insurance policies, but coverage can vary depending on the specific policy and insurance provider. It’s essential for boat owners to carefully review their policy documents and discuss their coverage needs with an insurance agent to ensure they have adequate protection for their vessel and liabilities. 

Should you have any questions, feel free to give us a call.