Boat Insurance in Shelton, CT and Stratford, CT
Owning a boat is an exciting way to create memories. Whether you use your boat to travel to destinations that aren’t reachable by land or you use it locally to have fun with family and friends, a boat can be a cherished possession that you enjoy for a long time.
Boat insurance helps protect your boat, motor, equipment and passengers if an unfortunate incident occurs. Connecticut law doesn’t require boat owners to purchase or maintain liability insurance. However, boat-related damage, loss and injuries happen, and you can minimize your financial responsibility with insurance coverage in place.
What Kind of Insurance Coverage Is Available?
There may be a range of insurance coverage available for your boat. Many of the policies are dependent on the type of boat you have. A small boat like a canoe or other unmotorized boat typically falls under the personal property portion of your homeowners insurance policy. But if you own a more expensive, faster boat, you’ll need a separate boatowners insurance policy.
A typical boatowners insurance policy gives you similar coverages to those you have for your vehicle, including:
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Personal liability provides protection for legal liability and pays, up to the limit of your policy, your legal obligations due to an accident resulting from the ownership, maintenance or use of your watercraft, including bodily injury, property damage and legal defense.
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Medical payments pay medical expenses up to the limits in the policy, including any boating-related medical costs from an accident arising out of the ownership, maintenance or use of your boat.
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Physical damage—This provides coverage for your boat, motor, boat trailer, boat equipment (anchors, oars, fuel tanks, life jackets, dinghies, tools, etc.) and other personal property against theft, accidental loss or damage.
Additional coverage options may be available for your boat, and they include:
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Emergency service—Pays for costs incurred due to your boat, motor or boat trailer’s specified emergency service.
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Reasonable repairs—Covers needed repairs to protect covered property from further damage.
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Umbrella liability—Provides additional boat insurance for home, auto and watercraft.
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Wreck removal—Covers expenses incurred for any attempted or actual raising, removal or destruction of your wrecked watercraft from damage caused by an insured loss and the disposal or destruction of your boat required by law.
What Is the Average Cost of Boat Insurance?
Boat insurance costs can vary. Generally, boat insurance is determined by the value of your boat, your boat’s length, age and classification or type of boat. Talk with your insurance agent to learn about ways you can potentially lower your premium.
How We Can Help
AJ Gambardella Insurance can help you evaluate your boat insurance needs and get you a policy that meets your needs. Our strong insurance background can help you minimize your potential risk. Call AJ Gambardella Insurance today at 203-377-8455 to get started on your boat insurance.
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