Not all boat insurance policies are the same and at Herlihy Insurance Group we have the expertise and the options to provide you with excellent boat insurance choices.
Your basic boat insurance policy will offer you the following standard coverage options:
Physical Damage Coverage
Provides protection in the event of a collision with another boat or a submerged object
Provides for protection for covered bodily injury and property damage to others occurrences
Personal Property Coverage
Provides protection for your personal property on your boat including such items as clothing, stereo system, fishing equipment and other personal items
Towing and Assistance Coverage
Transports your boat to a repair facility when you are stranded. Emergency gas delivery and roadside assistance may also be available
Selecting additional coverage options for your boat insurance makes boat owning simpler! Not all boat insurance policies offer all options. Here are a few of our recommended coverage options for boat owners.
- Mechanical Breakdown Coverage: Provides coverage for sudden and accidental damage to a boat’s machinery from an internal cause of loss
- Salvage Coverage: Available for reasonable cost to rescue a boat in danger. Includes things like rescuing a boat taking on water or rescuing a boat from grounding
- Wreck Removal: Provides coverage for costs when legally required to remove wreckage of your boat.
Why does it matter what waters I navigate?
When you obtain your boat insurance policy you will be asked what waters you navigate and your policy may be limited to the waters you indicate. The pricing on boat insurance will vary based on the waters navigated. It’s a good idea to review your boat policy for “waters navigated”. A claim may be denied if your navigation info is inaccurate.
What is a "lay up" period?
Boat policies typically have a “lay-up” period. Your selected “lay-up period is the time the boat is not used and usually out of the water. In the northeast many boat owners have the winter months as “lay-Up” periods. The longer your Lay-Up period the greater the savings on your annual premium.
What does it mean if my policy indicates “Agreed Value”?
With this type of policy you and your insurance company agree on the value of your hull and hardware. In the event of a total loss, this will be the amount you receive from the policy.
What does it mean if my policy indicates “Actual Cash Value”?
With this type of policy in the event of a total loss you would be compensated for the current market value of the boat.
Am I covered for pollution?
Each boat policy will respond differently on this issue. It is important to know if your policy includes coverage for pollution in the event of a fuel or oil spill from your boat.
Is my boat trailer covered on my boat policy?
Many boat policies do allow for the addition of boat trailers. Ask your agent to include the coverage for your boat trailer on your boat policy.