If you love the feel of bobbing on the waves and feeling the wind in your hair, you know that owning your own boat is much more than an investment – it’s a lifestyle. You also know there are costs and risks involved with boating, and that purchasing the right boat insurance is an essential part of minimizing your financial vulnerability. Whether you have years of experience or plan to purchase your first boat now, we here at Anton Insurance have the coverage you need to navigate choppy waters ahead.
No matter what you keep in the dock, chances are we can help you cover it. Our team has access to multiple boat insurers and policies that protect a wide range of new and used watercraft, some of which include:
- Pontoon boats
- Bass boats
- Deck boats
- Wake Boats
- Ski boats
- Personal watercraft (PWCs)
- And more
Understanding Your Risks
We believe that finding the right boat insurance starts with understanding your risks. There are obvious circumstances that create precarious situations, such as poor weather conditions that cause low visibility. However, accidents also happen in the calmest waters on the clearest of days – often to the most seasoned boaters. Furthermore, there is no way to control the actions of other people who could cause collisions that result in damages to your watercraft.
Outside the water, there is a whole different set of risks that could result in a loss. You could run your boat aground, damage your boat and trailer during transport, or a fire could destroy it while it is stored away for winter. If you were faced with a partial or total loss, could you afford the damages? What about the liability costs if you injure someone or damage third-party property in an accident? At Anton Insurance, we help Wisconsin boaters like you find broad protection against a wide range of hazards both on and off the water.
Types of Boat Insurance Protection
Boaters need different types of insurance to compensate for various losses. Your boat insurance policy may include a wide range of coverages, some of which may include:
Liability coverage helps protect your income and assets against losses related to third-party boating injuries and property damages. In addition to medical bills, property repairs, and judgments, this can also include the cost of hiring legal assistance to defend you in court. Some insurance companies may also offer the option to purchase environmental pollution liability coverage, which helps pay for financial responsibility associated with the cleanup of oil or other contaminants after a covered boating incident. Since liability-related loss can total tens or even hundreds of thousands of dollars, purchasing high-limit coverage is an effective way of reducing your exposure to risk.
Damages to your boat can cost thousands of dollars to repair, and it could cost far more to replace a boat that has been stolen or damaged beyond repair. The physical damages coverage on your boat insurance policy can include coverage for your watercraft when it is damaged due to a covered event.
While it is irresponsible to operate watercraft without liability insurance, many people do it anyway. This does not negate their liability for any injuries they may cause, but it can make it more difficult for victims to obtain compensation in a timely way. If you happen to be one of those victims, your uninsured watercraft coverage can help cover your medical bills and other injury-related expenses.
Medical payments coverage is quick compensation for medical expenses when you or your passengers are injured in a boating accident, regardless of who is at fault. Although medical payment limits are usually restricted to a few thousand dollars, this may be enough to handle your upfront costs for things like co-pays and deductibles.
Boats carry more than people; they are often full of special equipment, too. If you own a ski boat, for example, chances are you have skis, lines, wakeboards, and more to protect. If you have a bass boat, perhaps you need special coverage for your expensive fishing gear. Whatever valuables you carry onboard, they are at risk, too. Talk with your agent about available coverage to protect your investment.
Your boat trailer makes it possible for your watercraft to travel by land. If it is damaged or stolen, replacing it could cost thousands of dollars. Talk with your agent to ensure your boat insurance policy includes coverage for your trailer.
Towing and Emergencies
Like cars, boats can experience mechanical failures and other emergencies that require on-the-water assistance. If you need a tow back to shore or perhaps a fuel delivery, your towing and emergency assistance coverage can help minimize your costs.
If you sink your boat, you will probably be required to retrieve it. Fortunately, boat insurance may help cover the cost of wreckage removal if your boat capsizes due to a covered event.
How Much Boat Insurance Coverage Do You Need?
At Anton Insurance, we know how to help our customers select boat insurance limits based on a wide range of personal risk factors. These may include:
- Boat age, type, and condition
- Primary usage/purpose
- Where you boat most
- The savings and financial assets you have at risk
- Your future earnings and income
- And more
As an independent agency, we are committed to serving your interests with quality, affordable coverage from some of the state’s leading boat insurers. We can help you sift through your options and land on a policy that works for you. We can also show you the discounts you may qualify for and the steps you can take to increase your boat insurance savings in the future. Examples include:
- Claims-free discounts
- Discounts for completing an approved boater safety course
- Multiple watercraft discounts
- Safety equipment discounts
- Lay-up discounts
- And more
To find out more about Wisconsin boat insurance and how the team at Anton Insurance can help you save, contact our office today.