Boat/Watercraft Insurance

Similar to your automobiles, your boat or watercraft needs insurance. Most states do not require you to insure your boat, but you should. The typical homeowners’ policy provides you a little liability and property damage protection, but it does not cover everything that could happen to it.

Let BlackDiamond Insurance Services help you protect your investment while you enjoy the waterways. BlackDiamond wants you to understand how boat insurance protects your property and your finances.

Your boat insurance policy protects your bank account from the costs of property damage. If you damage your boat in an accident, the insurance policy covers the repairs as long as you have collision or comprehensive coverage. The policy also pays for damage you cause to other boats in an accident. If something terrible happens to your watercraft while docked or moored, your insurance policy pays for it. The boat policy also pays for the damage if your boat gets stolen.

Your boat policy also provides other coverage. If your boat becomes involved in an accident that you caused or the boat’s navigator caused, the policy pays for the medical bills of any injured. It also pays for any court settlement arising out of an accident. It also pays for the medical bills of an individual who incurs injury while operating your boat.

Four main components comprise a boat policy – liability, collision, comprehensive, and property damage. These components work the same as they do in auto insurance.

Your home insurance provides a tiny amount of liability coverage. The liability coverage usually amounts to about ten to twenty percent of the home value. That won’t be enough to cover the repairs or damage caused to another boat.

Contact BlackDiamond Insurance Services to learn more about how boat insurance can help you protect your financial future. Let us help you obtain the coverage you need to protect your boat or other watercraft.

While our office is located in New York, we offer our services all across the United States.