There are thousands of boating accidents every year here in the U.S. If you are involved in one of them, make sure you are protected against financial loss with a watercraft insurance policy from Mark Leonard Insurance. Whether you are in the market for a new boat or already own a boat, we can help you find coverage crafted to fit your unique risks and needs. Our policies include protection against a wide range of perils, including incidents occurring both on and off the water.
Chances are we can help you insurer your recreational watercraft. Some of the boats we offer coverage for include:
- Pontoon boats
- Deck boats
- Ski boats
- Wake boats
- Bowriders
- Sailboats
- Catamarans
- Bass boats
- Personal watercraft
- And more
Are You at Risk?
It’s easy to assume an accident will never happen to you, but nothing could be further from the truth. Even experience boaters find themselves in unfortunate situations, from land and water collisions to inclement weather events and outright theft. Could you afford to repair or replace your boat if it were damaged? What if you injured another boater and damaged their watercraft? Could you afford to pay tens of thousands of dollars in bodily injury and property damage liability?
Types of Boat Insurance Coverage
With the right type of policy, you can relax knowing you are protected against many different risks. We offer boat insurance policies that include coverage for:
Liability
If you cause injury, loss, or damage as a result of your boating activities, you could be held financially responsible. Boater liability coverage is usually available for third-party bodily injury and property damages, as well as for environmental pollution. It can cover your court costs and legal fees, as well as any judgments against you if you lose your case.
Medical bills, lost wages, property repairs and other accidental losses can add up very quickly. If the damages exceed the limits of your liability coverage, you’ll be personally responsible for the excess. That is why we suggest consulting with our office to determine how much liability protection might be necessary to protect your income and assets against litigation.
Physical Damages
If your boat were stolen or totally destroyed in an accident tomorrow, what would happen to all of the money you invested in it? With the right boat insurance policy, you would be reimbursed for the value of your loss, making it more affordable to replace your watercraft with another one. It can also pay for repairs if your boat is damaged, but repairable.
Uninsured Watercraft
Despite being responsible enough to purchase liability insurance to protect yourself and others while you are on the water, not all boaters do the same. In fact, many people here in Arizona operate watercraft with no liability insurance at all. If you and your passengers are injured by an uninsured boater, your own insurance can help pay for the medical bills.
Medical Payments
Medical payments coverage is low-limit protection against accidental injuries that occur on your boat or as the result of your boating activities. It pays limited benefits for medical expenses, such as an emergency room visit, without the need to establish fault.
Special Equipment
Most boaters have nautical accessories they use on the water, whether it is fishing gear, skis, or some other special equipment. It is possible to extend boat insurance coverage to special equipment, too, which could save you hundreds or thousands of dollars in the event of a loss.
Trailer Coverage
Your trailer may be an afterthought when you consider the value of your boat, but replacing it could still cost you thousands. Be sure to ask how you can add coverage for your trailer against damage, loss or theft for covered events.
Towing and Emergencies
Boats break down from time to time. If you find yourself stranded on the water, your boat insurance can provide coverage for emergency assistance, such as fuel delivery and towing.
Wreckage Removal
Your boat belongs on top of the water – not under it. If your watercraft ever sinks or capsizes, look to your wreckage removal coverage to help pay for the cost to retrieve it.
How Much Coverage Do You Need?
There is no one-size-fits-all boat coverage. What you need may be different from what someone else needs. That is why we recommend working one-on-one with an independent agent like Mark Leonard to evaluate your risks and establish limits that will better shield you against financial risk.
Several variables can impact the amount of boat insurance protection you need. Examples include:
- Your income
- Your assets
- Your boat’s type, age, condition, and value
- Your boating activities
- The number of passengers you carry
- Where you boat
- And more
Why Choose an Independent Agent?
You have choices when it comes to boat insurance shopping, but why make the process more confusing and expensive than it has to be? If you purchase your own policy online, you risk leaving big gaps in your protection. Likewise, if you work directly with an insurance company’s agent, you are limited to quotes on coverage only from that company. When you choose an independent agent instead, you get access to the help and support of a knowledgeable agent, as well as competitive quotes from multiple Wisconsin boat insurers vying for your business.
Boat Insurance Discounts
The savings don’t stop there when you work with Mark Leonard. We will search for discounts that could reduce your premiums and help you keep more cash in your pocket each month. Boat insurance discounts are often available for people who:
- Remain claims-free
- Take boater safety courses
- Insurer multiple watercraft
- Install protective safety devices
- Store their boats for the winter
- And more
To find out how it’s possible to save money on better coverage, contact Mark Leonard to request your free quote today. We look forward to serving you soon.
