Watercraft & Boat Insurance

Boat insurance is essential coverage for boat owners. Whether docked, in storage or on the water, boat accidents can occur without notice, often leading to expensive repair costs. Choosing the right boat insurance policy may be complex, and Educators Insurance Agency is here to help you navigate the selection process.

What Is Watercraft Insurance?

Watercraft insurance is insurance that motorboats, sailboats, yachts and other personal watercraft owners commonly get to insure themselves against accidents. In an agreement with your coverage provider, you pay a specified insurance premium in exchange for financial assistance following an approved claim. You may have to pay a deductible for your policy, which is an out-of-pocket cost you must cover following a covered incident before your policy assists you.

How Much Does Boat Insurance Cost?

Boat insurance rates tend to vary among policyholders. Factors such as your boat model, location, insurance claims history and usage may be used by your insurance carrier to determine how much to charge for a policy. Additionally, if you only carry coverage seasonally, such as in the summer, you will likely pay less for coverage than someone with year-round boat insurance. The agents at Educators Insurance Agency can help you learn more about policy rates.

How Much Boat Insurance Should I Get?

Insurance needs often differ among boat owners. Although boat insurance is not legally required in Massachusetts, some marinas or storage facilities may require proof of financial responsibility. Regardless, having sufficient insurance is essential. If you are involved in a boating accident and don’t have insurance, you may be forced to cover high out-of-pocket costs.

Where Do I Get Covered?

If you are a boat owner near Worcester, Massachusetts, the dedicated agents at Educators Insurance Agency can assist you in learning about boat insurance to help you decide on the right coverage for you and your personal watercraft.

For additional information, contact our agency today at 888-908-6822.