Everything About Boat Insurance

If you own a boat, RMC Group can make your time on the water more relaxing and worry-free! We will help you find comprehensive insurance that protects you, your friends and family, your boat and your boating equipment often for less than a dollar a day.  You’ll enjoy your boat even more when you don’t’ have to worry about the financial risk of owning a boat.

Most people do not know anything about watercraft insurance.  RMC can help you choose the right policy and the right amount of coverage to meet your needs. Give us a call today at 888.599.5553 to get started or email us at rmc@rmcgp.com.

When shopping for boat insurance, here are some factors that you will need to consider.

Navigational Area: Know where you are covered in the water. Some companies, such as Safeco Insurance, offer protection that covers you up to 75 miles from the U.S. coastline, into Canadian coastal or inland waters and into the Pacific coastal waters of Mexico. In California, Florida and Oregon, additional coverage area can be obtained.

Agreed Value Coverage: Watercrafts depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed. This means that, if your boat is a total loss, you may not get enough to replace it.  RMC Group make sure that you are properly insured.

Liability: Like car insurance, personal liability coverage provides coverage for damage or injury to other boaters or boat owners in the event you are at-fault for an accident on the water. This coverage will pay for repairs or the replacement of property, as well as medical care, lost wages and other costs resulting frm an accident if you are at-fault.

Medical Payments: Medical coverage pays the cost of medical care caused by a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.

Physical Damage Coverage: Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer, if it is stolen or damaged.

Uninsured/Underinsured Watercraft Bodily Injury: Since boat coverage is not always mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater, and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.

Fuel Spill Liability and Wreckage Removal: Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. It is your responsibility to clean up any such spills.  This can be time consuming and expensive.

Personal Effects: Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Limits vary by state – check with RMC Group for information. Personal effects coverage does not include jewelry, watches or furs.

Unattached Equipment Coverage: This coverage pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps etc.

Emergency Assistance: The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.

Every boat is unique and so are its insurance needs.  Contact RMC Group today to find out how to get the best boat and watercraft insurance coverage for you!