Insurance is designed to protect you from the expenses of unexpected and unavoidable life events. The most important way to protect you and your watercraft is to design a plan that fits your needs. Carlson & Associates works for YOU to find boat insurance that fits your needs at a competitive price.
Looking at the Base Coverages for boats, you’ll see a lot of similarities with an auto policy. Those coverages are explained below, but there are important things unique to boat owners that need attention.
Understand your Boat Insurance before the unexpected happens
Important Boat Insurance Coverages
- Bodily Injury Liability
- Property Damage Liability
- Medical Payments
- Uninsured/Underinsured Motorist Boater Liability
- Hull and Motor, Permanent Equipment Damage
- On Water Emergency Assistance
Boat Insurance Discounts
- Boater Safety Training
- Advanced Quote
- Accident Free / Violation Free
Bodily Injury Liability
Coverage to pay for injury and harm to others in an accident where you are found liable.
Property Damage Liability
Coverage to pay for damage to others property caused by your boat.
Uninsured Motorist / Underinsured Motorist
Liability coverage to take care of you when another party injures you or your passengers on your boat when they have no insurance or less insurance coverage than you. Boat Insurance is not typically a state requirement so this is an important coverage to consider.
Coverage that pays for you and your passengers for medical and related expenses from a boat accident regardless of who is at fault.
Hull, Motor, and Permanent Equipment Damage
Physical Damage Coverage for the boat hull, and damage to the Motor and any permanently attached equipment. It is important to know the value of your boat for this coverage and what settlement option you are insurance the boat for. Common boat settlement options in a total loss are: Actual Cash Value (Market Value) and Agreed Value (Agreed upon amount between you and insurance company).
On-Water Emergency Assistance
Similar to Roadside or Towing Coverage within your Auto Insurance. This covers Emergency Assistance when a boat is disabled while afloat.
Personal Effects & Unattached Equipment
There is a minimal amount of Personal Effects Coverage that is likely within your base policy. This coverage can be increased if necessary. Personal Effects cover items on your boat that are not a part of the Hull or Permanently Attached Equipment. Examples are clothing, unattached fishing equipment, and scuba gear.
Different insurance companies will package options that increase coverage at usually a minimal price. The packages may provide extended coverage for fishing equipment, personal effects, Emergency Assistance, fuel and spill liability, and may increase payment for a loss to newer boats.
Boat Trailer & Boat Lift
Physical Damage Coverage for a Boat Trailer or Lift is available within a Boat Insurance Policy. Remember to list this coverage within a policy to make sure it’s available.
Everyone’s situation for insurance is unique so it is important to find insurance that fits your needs. One of our insurance professionals can help assess what your needs are and help design an auto insurance plan that will protect you at an affordable cost.
My husband and I own a small business and we have nothing but excellent things to say about working with Antone. He not only helped us with our insurance needs for the business but our... read moreElizabeth
I've been a customer of Carlson and Associates since moving to Gig Harbor 5 years ago. I currently work with Antone who is fantastic! He listens to what we are needing in regards to policies... read moreLisa
Kevin Owens is amazing! I was faced with one of my life insurances ending and they were going to charge me a quadruple monthly fee to continue. He took both of my... read moreRhonda
Kevin Owens who is a broker at this agency is amazing with what he knows in regards to life insurance. It's obvious it's not all about him making money on a policy as he puts... read moreBecky
Awesome customer service! We had a fairly complex situation while changing auto plans and buying a new home. Antone was very quick to respond and provided everything we needed! Not to mention, saved us a... read moreAshley
Over the past 30 years I have had numerous brokers assist with my professional liability insurance needs. Larry Carlson is the first broker that takes the time to form relationships. I'm a firm believer that... read moreO
I have been working with Antone Saltvick for the last 4 years and it has been a great experience. He helped me get more coverage than I had before at a better price. ... read moreMichael
Great experience dealing with Antone Saltvick for my business insurance. He came in with a better price with more coverage than any other agent I talked to. He was super responsive and quick to get... read morePaul