Boat/Watercraft Insurance

The agents at Southern Iowa Insurance Services will work to find you a watercraft insurance policy that protects not only you, but also your family and friends. Some coverage also affords protection for your boating or fishing equipment, as well as the watercraft itself. Accidents happen. Inclement weather may damage your boat. Someone may vandalize your jet ski. A watercraft policy can help protect you from the expenses incurred in these unfortunate situations.

If you own any type of watercraft, be sure to know your state’s requirements. Owning a boat is similar to owning a car. You may be required to register the boat or possess a license to operate it. Boat insurance may or may not be required in your state, but it is highly recommended for your peace of mind in knowing that you are protected.

Some of the most common types of coverage when dealing with watercraft are:

• Liability: Coverage to other parties if you are at fault for an accident while on the water.
• Medical Payments: Helps pay medical costs incurred due to a boating accident.
• Uninsured and Underinsured: Coverage for bodily injury you sustain when involved in a boating accident caused by another party who has inadequate liability coverage.
• Physical Damage: Pays for damages to your watercraft due to an accident, similar to comprehensive and collision coverage for your car insurance.
• Personal Effects: Can provide some coverage for your belonging and equipment lost due to an accident on the water.
• Navigational Area: States where in the water you are covered under your policy. You may be able to purchase additional coverage to expand your coverage area.
• Agreed Value: May better help you recoup the value of your boat in a total loss scenario. Since boats, like cars, tend to depreciate, Actual Cash Value coverage can make it difficult for you to replace your damaged boat.

There are a variety of other coverage options available. For more information or to get a quote, give us a call at 319-837-6421.