There’s nothing quite as thrilling as boating – the wind in your hair, the drum of the wake against the hull, the snap of the mainsail and the buzz of an outbound fishing line. But it’s easy to feel like you’re in over your head when it comes to obtaining boat insurance in Salem OH.
Today we’re taking the guesswork out of the process by sharing our answers to the most commonly asked questions regarding boat insurance.
Why do I need boat insurance in Salem OH?
If you’re new to boating, you may think that your homeowners insurance will cover your boat. Unfortunately, in most cases it won’t. Your boat has nothing to do with your home – your home isn’t mobile, but your boat, like your car, can go anywhere, so it requires a separate policy.
How does it differ from home or auto insurance?
In some ways, boat insurance is a combination of home and auto insurance. Just like home insurance, a boat policy covers you for liability if someone is injured on your vehicle and gives you the choice between replacement cost or cash value in a total loss.
Also like auto insurance, boat insurance in Salem OH typically includes coverage for bodily injury that your boat imposes on others, property damage your boat wreaks on docks and other boats, and physical damage to your boat should you hit something or run aground.
Is my boat covered when it’s out of the water?
Yes, but not by your boat policy. When the boat is attached to your car or truck, you are covered by your auto policy, and anytime you’re trailering something, the car policy overrides. The bad news is that it’s covered solely by your auto policy, and only to the limits contained therein.
Is my boat covered everywhere?
Most policies contain a navigational warranty – it’s typically the inland waters of the U.S. and Canada or the coastal waters of the U.S. and Canada for smaller boats up to 26 feet. For larger craft, there are 22 territories that are defined by geographical points. Be sure your policy provides coverage where you want toroam.
How can I save money on boat insurance in Salem OH?
Get specific – don’t buy a yacht policy if you own a dinghy. Shop around and take advantage of the many available safety features. Many boat insurance underwriters offer policy discounts for devices that protect their investment, such as wireless auto tethers that act as an engine kill switch should the skipper or any of the passengers fall overboard. Also, take a boating class – a trained boater is a safer boater.
You should be able to enjoy your time on the water without having to worry about liability. Even if you are not otherwise required to have insurance and your boat is not worth very much, you should still insure it. Call us today and we’ll make getting boat insurance in Salem OH a stress-free experience.