What does boat insurance cover?
- Collisions with other boats or objects
- Damage from uninsured/underinsured boaters
- Fuel spill liability
In addition to these essential components of boat insurance coverage, you can also purchase additional coverage for fishing equipment and other personal property.
While boat insurance coverage includes the costs of repairing or replacing the physical boat, there are other costs to think about. You’ll also want to consider boating liability coverage to protect you from costs associated with medical payments for passengers injured in boating accidents, bodily injury payments, and guest passenger liability.
Are boats covered by auto or home insurance policies?
Many boat owners wonder if their auto or home insurance policies will offer any coverage if their boat is damaged or stolen, and in some cases, these policies do provide some coverage. However, this coverage is generally limited, so having additional boat insurance is a smart idea.If your boat is stolen or undergoes extensive damage, your home or auto insurance policy likely won’t cover the entire cost of repairing or replacing your watercraft so you won’t want to be caught without boat insurance.
Is boat insurance required in Salt Lake City?
When you’re boating in Utah state parks, a certain level of boat insurance coverage is required, and operating a personal watercraft that has an engine with more than 50 horsepower without insurance is illegal. If you’re operating a motorboat on Utah waters, you need to carry owner’s or operator’s liability insurance.
The required minimums are as follows:
- $25,000 for bodily injury (per person)
- $50,000 for total bodily injury when multiple people are hurt
- $15,000 for property damage
Call Salt Lake City Insurance today to learn more about boat and watercraft insurance coverage and we’ll help you find a policy that fits your needs and your budget.