From bow to stern, you value every square inch of your watercraft. With all the money and time you put into purchasing and maintaining your boat, it only makes sense that you would take the appropriate steps to protect it against damage or loss. With watercraft insurance from Luxor Insurance, you have access to the coverage you need from reputable Indiana insurers – all at a competitive and affordable price.
We offer policies that protect a wide range of boats and watercraft, including:
- Bass boats
- Pontoon boats
- Deck boats
- Ski boats
- Runabouts
- Bowriders
- Wake boats
- Sailboats
- Catamarans
- Personal watercraft
- And more
Types of Watercraft Coverage
A typical boat insurance policy includes several different types of coverage, all of which work together to protect you against unexpected injuries, losses and costly litigation. In most cases, boat insurance covers a wide range of perils, including sinking, capsizing, collision, fire, storms, and more.
If you purchase boat insurance from Brad Seufert, your coverage may include protection for:
Liability
If your actions or negligence resulting in damage to someone else’s property or perhaps even a third-party injury, your boater’s liability coverage can help pay for the damages. It can also help cover the cost of pollution liability if you leak fuel or other environmental contaminants. In most cases, liability insurance covers the cost of legal fees, court costs, and the payment of settlements related to these types of events. Without it, one large wake or sudden collision could result in injuries that jeopardize your savings, assets, and future income.
Physical Damage
Whether you bought your boat new or used, chances are you spent thousands of dollars purchasing and improving your watercraft. Physical damages protection pays the cost of repairing your boat after a covered event, such as a collision. It can also reimburse you for your loss if the cost of repairing your boat exceeds its value.
Uninsured Watercraft
When other boaters fail to purchase liability insurance, they put you and your passengers at risk. Uninsured watercraft coverage helps protect against the negligence of other boaters if you or someone else on your boat is injured in an accident.
Medical Payments
Medical payments provide limited coverage for medical bills if you or your passengers are injured, regardless of who is at-fault.
Personal Property and Special Equipment
Many boaters and their passengers bring personal property, such as cell phones, aboard watercraft. Personal property coverage can help pay for apparel, electronics, and other personal possessions if they are damaged or lost due to a covered event. If you carry special equipment on your boat, such as skis or fishing gear, be sure to ask for coverage that extends to those items as well.
Trailer Coverage
You do everything you can to avoid an accident in the water, but what about incidents that occur on land? Our office can help you get insurance protection that extends to your boat trailer in the event it is damaged, lost, or stolen.
Emergency Assistance and Towing
If you find yourself stranded, your boat insurance policy can provide coverage for emergency assistance. This can include the cost of fuel or fluids delivery if you run out of gas on the water, or it can even cover the cost of towing your boat for repairs.
Wreckage Removal
Lastly, it is possible to include wreckage removal coverage in your boat insurance policy. This type of coverage helps pay for the expense of retrieving the remnants of your boat from the water if it sinks or capsizes.
Calculating Your Coverage Needs
An experienced independent agent like Brad Seufert can help you assess your individual risk profile to determine how much boat insurance you actually need. There are many different variables that can affect your coverage, including:
- The cost to replace your boat
- The type of boat you own
- The amount you can afford to pay toward your losses (deductible)
- How often you use your boat
- The income and assets you need to protect against lawsuits
- And more
Why Choose an Independent Agent?
We know you can purchase boat insurance from nearly any insurance company, but are you getting the coverage you need at the affordable price you deserve? Many insurers work directly for insurance companies, preventing them from shopping around for better coverage and rates from competitors. When you choose an independent agent, you have direct access to a knowledgeable advocate who can compare boat insurance options from multiple insurers to find a policy that works for you.
Boat Insurance Discounts
Our first goal is to provide complete protection for you and your boat. Our second goal is to save you as much money as possible. One of the ways we do that is by searching for discounts that could lower your cost of coverage. Although these can vary from insurer to insurer, you may qualify for additional savings if you:
- Pass a boater safety course
- Remain claims-free
- Insure multiple watercraft
- Lay-up (store) your boat a few months each year
- Install protective devices (i.e., theft recovery system, PWC braking, etc.)
- You combine boat insurance with other coverage types from the same carrier
- You pay your policy premiums in full
If you are in the market for a new boat or need new coverage for a boat you already own, contact our office to request your free Indiana boat insurance quote today. We look forward to serving you soon.
