Covering You

• If your boat is involved in an accident, you may be injured in the accident. Boat insurance can cover your medical bills and the bills of any passengers in your boat or any water skiers you might be towing. Coverage also extends to you or your passengers if you are swimming near your boat. The policy will pay up to the coverage amount you choose for your boat and situation.
  
  

Covering Your Property

• Your boat insurance will cover any physical damage to the boat or any attached equipment. It will also cover the motor and the trailer. The coverage is around the clock, whether you are towing the boat, launching it, driving it or storing the boat. Not only will this coverage protect you against damage and vandalism, it also pays you if your boat is stolen. The protection kicks in once you have paid your deductible amount, which you choose.
  
  

Covering Others

• If you are in an accident where you are at fault and another person is injured, you will want to have liability protection. Liability protection will cover damage you cause to someone else's property or injury to someone else that you cause. This includes if you cause damage to a dock or another boat or injure another boater, water-skier or swimmer.
  
  

Types of Discounts

• You can reduce your premiums in a variety of ways through discounts that insurers offer. You can pay reduced premiums for days your boat is in dry dock or being stored for the season. If you have a clean record or have completed a safe boating course, you can get a discount. Boating only in freshwater is cheaper than boating on the open seas. Diesel engines and new boats can get discounts. As with car insurance, the higher the deductible is that you choose to pay for your coverage, the lower your premium will be.