American Option Boat Insurance


The longer a person has sailed, the more he or she appreciates the security and

peace of mind that boat insurance offers. If you’re new to boating, you may

imagine that your homeowner’s insurance policy will cover your boat, but that’s

rarely the case. As is the case with every kind of insurance, the last thing you

want is to discover the limits of your protection after an accident.


What does boat insurance cover?

Boat insurance covers your boat or personal watercraft, which could include jetskis,

while either in the water or on land, and it provides three main types of


Bodily injury liability: This type of coverage pays for expenses incurred by

persons injured during an accident you caused. Depending on the specific

policy, this can cover medical bills, pain and suffering, lost wages, and costs

associated with litigation.

Property damage liability: This type of coverage pays for damages to someone

else’s property involved in an accident you caused. This could be another boat

or watercraft, docking facilities, or any other type of structure or vehicle your

boat could damage.

Physical damage: This type of coverage provides protection for your boat

itself. If it is damaged on water or land, this coverage assists with the cost of

repairs or replacement. The level of coverage you select will determine the way

in which your boat insurance will assist with repair or replacement costs. Actual

cash value is the market value of your vessel, agreed value is the coverage

value you select upon first choosing the policy, and replacement cost will

replace your boat with the same or closely similar type of new boat or

watercraft. This type of coverage is generally limited to newer boats.


Coverage Protection

A boat policy will help protect your liability in case of an accident. The types of

coverages you select could depend on the type of boat you own or personal

preferences. No matter where you store your boat, you want to make sure it

and your family are protected. Each boat policy is unique, but available

coverages include coverage protecting you from costs associated with:

• Collision with another watercraft

• Collision with a structure

• Accidents

• Sinking

• Fire

• Vandalism

• Uninsured or underinsured boaters

• Personal Possessions

• Fishing equipment

• Boating equipment

• Emergency Services


Coverage makes sense, all year-round

Covering your boat during boating season makes sense, but covering your

watercraft year-round makes even more sense. Canceling your policy when

your boat isn’t in active use may seem like a good way to save a bit of money,

but plenty can happen to your boat while it’s in storage. Theft and vandalism

are even more likely to occur while you’re not using your boat, and someone

can be injured on a boat in storage just as easily as on the water.

Your personal watercraft or boat is something that family and friends can enjoy

alike. We don’t want the fun to stop there because you aren’t protected.

Whether you are the casual boater or go out for sport, we will make sure the

policy fits your needs.


Where should I start?

Give us a call at 888-985-4032, and we’ll outline your options and help you

determine the best coverage for your needs. Boat insurance is a unique product

and can sometimes be combined with other coverages to become even more

affordable. You have options.