Boat and RV Insurance
Boat and Watercraft Insurance Overview
Make sure your Boat and RV Insurance is handled by the professionals. We care about your coverage so we work hard to make sure in the event of a mishap that you’re covered.
Common Types of Boat & Watercraft Coverage
Insurance policies for watercraft are commonly referred to as Boatowners policies and Yacht policies. Boatowners insurance policies and yacht insurance policies cover physical damage, liability, and medical payments.
- Boatowners policies are typically used to cover smaller watercraft usually less than 26 feet.
- Yacht policies provide coverage for more expensive watercraft and those that are larger than 26 feet.
If your boat is damaged or destroyed by fire, theft, lightning, vandalism, collision, or windstorm (including damage from hurricanes and tornadoes), physical damage coverage may compensate for the expense. Covered items include the boat itself, inboard and outboard motors, and the boat’s trailer. Your personal belongings, however, are not protected (things that are not permanently affixed to the boat and that are not regularly used). You may purchase specialized fishing equipment, mobile phones and computers, separately (if they are not included in your policy).
If any insured individual becomes legally responsible for bodily injury or damage to property caused by a covered occurrence, your liability coverage will pay for it. The boatowners’ and yacht insurance policies may also include a “life salvage” clause, which will reimburse the expenses incurred by others to save insured persons involved in a boating accident. A wrecked or sunken vessel may be removed or destroyed under certain circumstances.
This coverage pays for reasonable and necessary medical and funeral expenses due to a boating accident. The coverage is usually limited to $1,000 per person; however, the limit may be increased for an additional premium.
RV Insurance Overview
Selecting the right RV insurance is a big decision to protect your investment. RVs can be both transportation and accommodation, helping vacationers stay connected while on the road. From under $10,000 for a towed travel trailer to $500,000 or more for a luxury motorhome, RV expenses can be costly.
Insurance requirements vary by state with three standard areas of coverage similar to an auto policy:
- Comprehensive—this is protection in case of lawsuits, accidents and Mother Nature.
Large RVs may cause significant damage in a collision, so be sure to keep an eye out for liability coverage. RV insurance policies typically cover liability for motorhomes, while towing vehicles’ liability coverage covers travel trailers. If you want to safeguard a significant amount of retirement cash, consider purchasing an umbrella policy.
There are many things to consider when purchasing an RV policy. Talk to our knowledgeable agents and we’ll find the right coverage for your recreational vehicle.