FUN-IN-THE-SUN

WATERCRAFT INSURANCE

We can help make your time on the water relaxed and worry-free! We will find you comprehensive protection that protects you, your friends and family, your watercraft, and your boating equipment. The average boat costs less than a dollar a day to insure. You’ll enjoy being on the water, even more, when you aren’t worried about your safety, the safety of your passengers, or your investment.

Do you know what to look for in a watercraft insurance policy?

 

TIA can help you determine the right amount of coverage to meet your specific needs. Just give us a call today at 312.802.8817 to get started. Here are some items you’ll need to consider when shopping for boat insurance.

Navigational Area:
Know where you are covered in the water. Some companies, offer protection that covers you up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico. In California, Florida, and Oregon, the additional coverage areas can be purchased.

 

Agreed Value Coverage:

Watercraft depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible.

Like car insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident for which you are at-fault.
 

Medical Payments:

Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at fault.
 

Physical Damage Coverage:

Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer if it is stolen or damaged.
 

Uninsured/Underinsured Watercraft Bodily Injury:

Since boat coverage is not always mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater, and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.
 

Fuel Spill Liability and Wreckage Removal:

Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the boat’s owner you are required by law to have this cleaned up, which can be time consuming and expensive.
 

Personal Effects:

Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Limits vary by state – check with for information. Personal effects coverage does not include jewelry, watches, or furs.
 

Unattached Equipment Coverage:

This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.
 

Emergency Assistance:

The Emergency Assistance Package provides coverage for towing, labor, and delivery of gas, oil, or loaned battery if the watercraft is disabled while on the water.

Every need is unique – contact to find out how to get the best boat and watercraft insurance coverage for you.

Eligible vehicles:

• Max speed: 65 mph (85 mph for bass/fishing boats)

• Max length: 26’11 (FL and Gulf- or Atlantic-adjacent coastal counties up to NC); 33’11 (MD and VA coastal counties); 65’ (CA, OR and WA); 40’ (all others)

• Max value: $150,000 (FL and Gulf- or Atlantic-adjacent coastal counties up to NC); $1.2 million (CA, OR and WA); $300,000 (all others)

• Must be in good, seaworthy condition What’s included: All policies receive:

• Fuel spill liability, covered at limit of liability

• Wreckage removal coverage at limit of liability, plus 5% if liability is exhausted

• Territory includes all inland waterways of U.S. and Canada and up to 75 miles offshore (90 miles in CA)

 

Add physical damage coverage to get:

• Agreed value coverage, regardless of age, propulsion or hull construction; doesn’t decrease over time

• Unattached equipment coverage at 10% of the hull value (tarps, oars, fenders, life jackets, water skis, etc.); more coverage available for an additional premium

• $750 of personal effects coverage with $250 deductible

• $1,000 of pet coverage

• $500 of on-water emergency assistance (towing, fluid delivery, etc.) Optional coverages: The Captain’s Package:

• $2,500 of personal effects coverage

• $1,000 of on-water emergency assistance • Roadside assistance for boat trailer and towing vehicle

• New boat replacement cost for boats two years old and newer

 

Fishing equipment coverage:

• Up to $20,000 of coverage with a $1,000 max per item

 

980 N Michigan Ave, Suite 1400

Chicago, IL  60611

312.802.8817

info@truskainsurance.com

© 2020 by Truska Insurance Agency, Inc.