What Is Uninsured Watercraft Coverage?

Uninsured watercraft coverage helps cover your injuries or your passenger’s injuries caused by another boater with little to no liability insurance. This is often an optional coverage on a boat insurance policy, and it may not be available in every state. Your local agent can tell you whether uninsured watercraft coverage is available in your area.

WHAT IF AN UNINSURED BOATER DAMAGES MY BOAT?

It’s important to note that uninsured watercraft coverage only helps pay for expenses related to personal injuries caused by an uninsured boater — up to the limit stated in your policy. However, if that same boater also damages your watercraft, the property coverage on your boat insurance policy would likely help pay for repairs, up to your policy’s limit. You’ll probably also need to pay your deductible before your policy will help cover the cost of repairing or replacing your boat.

WHAT’S THE DIFFERENCE BETWEEN UNINSURED WATERCRAFT AND LIABILITY COVERAGE?

Uninsured watercraft coverage and liability coverage are similar in that they both help cover expenses resulting from an accident with another boat. However, which coverage applies depends on who is found responsible for the accident.

Uninsured watercraft coverage helps pay for injuries people on your boat sustain from another boater who does not have insurance. Meanwhile, liability coverage helps pay for expenses if you, the boat insurance policyholder, accidentally damage another person’s property or injure another person. If you are responsible for a boat accident, liability coverage can help prevent you from paying out of pocket for the resulting damage to the other person’s property or their related medical expenses.

WHAT IF I DON’T HAVE BOAT INSURANCE?

Boat insurance typically is not legally required like auto insurance, but owning a boat when you have no insurance is similar to driving a car when you are uninsured. If you cause an accident, you may risk having to pay for damage to another boat or someone else’s medical expenses out of your own pocket. But if you have liability coverage, which available on a typical boat insurance policy, it may help pay for those types of unexpected costs, the Insurance Information Institute (III) says.

In addition, boat insurance usually helps protect your boat from additional risks, such as theft, fire and vandalism, according to the III. The property coverage on a boat insurance policy helps pay to replace your boat if it is stolen, for example, but without insurance, you’d need to purchase a new one on your own.

You’ve likely invested significant time and money in your boat, so it only makes sense that you’d want to take steps to help protect it — and yourself. Having a boat insurance policy with the coverages that fit your needs can help give you the peace of mind that comes with knowing you have a safety net in place, just in case the unexpected occurs.

The Pfarr Insurance Agency is located on Point Ruston right on the water. We love to be near the water just as much as you do. Give us a call and we will take care of you because we know how much your boat means to you.

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Dan Alling

18:05 18 Sep 20

Rob has been a great resource in providing options to have first rate insurance, while saving money. He was patient as I worked through my needs. And always very timely with he responses. I appreciate Rob’s attention to details and his flexibility to make himself available to assist as I needed.

Nicole Perigard

03:27 19 Aug 20

Rob & his team we’re super helpful in getting us the perfect coverage for our home, rental property, and car. They’re incredibly knowledgeable and friendly. Not to mention how fast they were at getting back to us about our questions! They made it really easy to switch and took care of all the details!

Oliver French

01:40 01 Oct 20

Michael, my Allstate agent at Pfarr, was awesome. He was uber responsive and informed; helping my family reduce our Premiums by more than half. The service I received made me confident we are in good hands should we ever need to make a claim. Highly recommend Pfarr!!

ranee

00:52 30 Sep 20

Alexa Rossellini has been fantastic in helping us secure homeowners insurance. She is professional, proactive and provided great value and pricing. All from a name we trust. Highly recommend!

Jessica Kulwik

00:44 12 Oct 20

Rob Pfarr was a huge help to us when we were switching our insurance. He saved us hundreds of dollars and helped us find areas where we were over-insuring. He's super friendly, made the process very simple, and was highly responsive.

Gunnar Conley

19:29 06 Nov 20

As a first time homeowner, I knew it was vital to find an insurance agent that is extremely knowledgeable and easy to communicate with. Rob Pfarr is both of those things and more! He really knows his stuff when it comes to all things insurance and he was able to save me more on homeowners insurance than anyone else I consulted. I will be using Rob Pfarr for life!

Haley Blaisure

21:11 29 Oct 20

At first, I questioned all state with everything that happened they fact I had to check over to make sure the address was correct since he didn’t read it. But Alexa has been excellent! She’s helped me so much today! She even since the proof of insurance to my apartment complex!! She’s the best!

Brenda Leech

23:24 05 Nov 20

The Pfarr team saved me 30% over Safeco on my annual premium for a rental property and was able to put that policy in place within 48 hours of contacting him. He has also helped many of my mortgage clients with their personal business and they too are raving fans. I would highly recommend this team to anyone searching for quality, professional service at a fair price.