Boat insurance is broad, but it's our job to help pinpoint your coverage needs. Whether you're looking for yacht insurance, personal watercraft insurance or commerical boat insurance, Ryder Rosacker McCue & Huston is here to assist. We offer a variety of coverages, and our FAQ section will help you sort through these details.
Most companies offer liability limits starting at $15,000, which can be increased to $300,000. Typical policies include deductibles of $250 for property damage, $500 for theft and $1000 for medical payments. Higher limits may be available. Additional coverage can be purchased for trailers and other accessories. Boat owners may also consider purchasing an umbrella liability policy which will provide additional protection for their boat, home and car.
Boaters should also inquire about special equipment kept on the boat, such as fishing gear, to make sure it is covered and verify that towing coverage is included in the policy.
Generally, boats are considered to be 26' and smaller, and yachts are 27' and larger. Generally speaking, yacht coverage is broader and more specialized because larger boats travel further and have more unique exposures.
Most watercraft insurance policies will allow anyone to operate your watercraft so long as you have given them permission. There are some exceptions, of course, especially with high-performance boats, so always read your policy.