Boating Safety and Common Insurance Claims

As a boat owner, it’s essential to understand common types of boat insurance claims and the safety measures you can take to avoid having to tap into your coverage.

Boats can be valuable commodities for recreational purposes, as well as water sports and maritime commercial ventures.

Regardless of what you use your vessel for, owning and operating a boat comes with risks.

What Is Boat Insurance?

As its name suggests, boat insurance is a specialized type of policy designed financially for you and your watercraft. These policies may be available for many types of vessels, including motorboats, sailboats and jet skis.

Coverage details can vary significantly, and you can often customize your policy to fit your unique needs and circumstances.

Common Boat Insurance Claims

When considering your boat insurance, it can be helpful to understand common incidents you may encounter that could lead to a claim, such as the following:

• Liability for third-party losses—If you are at fault for an incident involving your vessel, such as striking a swimmer or other boater, you may be responsible for resulting losses.

• Collision damage—This is one of the most common claims and involves damage to your boat due to a collision with another watercraft or object.

• Storm damage—Boats are often vulnerable to weather conditions. High winds, hail or lightning can cause significant damage.

• Theft—Unfortunately, boats are often targets for thieves. This can involve the theft of the entire boat or specific parts like motors or electronics.

• Fire damage—Fires can occur due to various reasons such as fuel leaks, electrical faults or improper maintenance.

Safety Tips to Avoid Claims

While your boat insurance is there to help you manage the financial ramifications of the aforementioned incidents, it’s best to avoid having to file claims in the first place. Consider the following safety strategies:

• Regular maintenance—Regularly inspect your boat for any signs of wear and tear. Ensure the engine, electrical systems and safety equipment are in good working condition.

• Careful navigation—Always use charts and GPS to avoid shallow areas. Be aware of your surroundings and other vessels to prevent collisions.

• Weather awareness—Check the weather forecast before setting sail. Avoid boating during severe weather conditions.

• Fire safety—Regularly check fuel lines for leaks. Have fire extinguishers on board and ensure everyone knows how to use them.

• Theft prevention—Always secure your boat when not in use. Use locks for the boat itself and any valuable equipment. Consider using a tracking device for added security.

We’re Here to Help

At Unbeatable Insurance, we strive to help boaters understand, acquire and maintain the proper coverage. Contact us today to learn more or to get a personalized boat insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.