Boat/Watercraft Insurance

Having a boat is a great experience - it brings a lot of enjoyment and fun. However, it is also important to understand that it is also associated with many risks. Boats are expensive, and therefore, if you are a boat owner, you should do all you can to protect your precious possession. The best thing you can do is to get boat/watercraft insurance that provides proper financial security. Choosing the right policy may be a challenging task, especially if you have never done it before. To help you make the right choice, the Ford Insurance Agency, serving clients in Mississippi, prepared a list of things you should know:

  • A standard boat insurance policy covers a boat/watercraft, motor, trailer, personal belongings kept in the boat. In addition, it also provides financial protection to a boat owner against liability lawsuits.
  • Most boats are covered by standard boat/watercraft insurance, including fishing boats, powerboats, houseboats, and pontoons.
  • The cost of this type of insurance depends on numerous factors, including the owner's driving record, location of the boat, whether a boat owner is certified, and the deductibles.
  • There are home insurance policies that include boat coverage as well. However, in most cases, this coverage is limited. Therefore, it is recommended to have separate boat insurance anyway.
  • Certain things are not covered by boat insurance. They are wear and tear, damages by zebra mussels, damages caused by animals, and damages caused by mold.
  • There are also additional types of coverage available to boat owners, including medical, towing, and equipment.

Boat/watercraft insurance is more than just another coverage. It is a wise type of investment that every boat owner should consider. If you are a boat owner from the state of Mississippi and you are currently considering getting a boat insurance policy, The Ford Insurance Agency will be glad to assist you. We are ready to answer all of your questions and find a perfect policy based on your personal needs and preferences. Feel free to reach us any time.