Boat Insurance Coverage Options

While there are no boat insurance requirements in the state of Arizona, it is still highly recommended that you protect the investment you have made in your boat by having it insured. The boat insurance professionals at INW Insurance Solutions in Mesa, AZ know and understand the importance of boat and watercraft insurance.

There are several options you can choose from when it comes to insuring your boat. Also, if you have borrowed the money to purchase your boat, it may be a requirement by your bank or lender that you do have a boat insurance policy in place to protect the investment your lender has made in your boat.

Boat and Watercraft Insurance Coverage Options

Liability Boat Insurance

Liability boat insurance is extremely important and will help pay for the medical bills if someone is injured due to an accident involving you and your boat. This type of policy will cover people who are injured in another boat involved in a crash that is determined to be your fault as well as your own passengers in your boat. 

Comprehensive Insurance

Comprehensive coverage is a type of coverage that will protect your investment in your boat or other watercraft if it is damaged or destroyed by an act of vandalism, a fire, or even a natural disaster, such as a hurricane or tornado. It will also help to pay for the replacement of your boat or watercraft if it is stolen. This type of policy is also the one that a lender may very well require you to have since it best protects the investment they made in your boat or watercraft.

Collision Insurance

If you have a collision with another boat or an object, such as you back into a dock, this type of coverage will assist in paying for repairs to your boat or to a boat belonging to another boat owner involved in a collision with you and your boat. It will also help pay for any damage to the dock or any other object you collide with while driving your boat or operating your watercraft.

To obtain a quote and get your boat insurance policy started, contact the insurance agents at INW Insurance Solutions in Mesa, AZ today.