Getting Help With Your Boat Liability Insurance
An independent agent can answer any questions you may have about boat liability insurance, umbrella policies and more. You can find a local agent right in your area who knows your states requirements for boat insurance coverage.
Independent agents in our network are based in over 27,000 member agency locations nationwide. They live and work in your community, so they are uniquely invested in providing personalized insurance quotes and excellent customer service just for you.
Find an agent today and get the help you need with boat liability insurance.
Boat Registration Renewals & Replacements
The CA Department of Motor Vehicles requires you to renew your boat registration every 2 years on odd-numbered years by December 31st.
To renew your registration, return the bottom part of your renewal notice along with payment for the $20 renewal fee in the envelope provided.
Renewal notices are mailed approximately 60 days prior to the expiration date.
What Should I Look For When Shopping For Boat Insurance
There are many factors to consider when shopping for boat insurance. For starters, youll need to decide if you want a policy that uses an agreed value policy or an actual cash value policy. ACV policies are typically cheaper, but they provide less payout in the event of a total loss.
Furthermore, youll want to look for exclusions and restrictions to boat coverage. For example, some companies will only insure boats up to a certain size, whereas others will not insure boats used for commercial purposes. Knowing the specifics of your boat and what youll use it for can really help you find the best policy to fit your needs.
Once you find several companies that will cover your boat, read the entire list of standard coverage inclusions and compare. Where one company may offer towing as a standard feature, another company may only offer it if you pay an extra monthly fee. Noting these small differences could really save you money.
Finally, consider a companys reputation and the attention it gives to its boat insurance. Some specialty insurance companies focus solely on coverage for boats and other recreational vehicles, while other companies just offer boat insurance as an extra to attract more customers. Noting this can help you get the best coverage from experts who know what theyre doing when it comes to boats.
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How Much Marine Liability Insurance Do You Need
If you cause severe property damage, injuries, or casualty by negligence or inattention, how much will you have to pay if you are sued? Consider the cost of hospitalization, funeral expenses or legal defense fees.
If property damage is involved, consider what you may have to pay out of pocket if you accidentally damage an expensive new boat. It is important to consider the possible costs if something tragic should happen.
When you purchase coverage, you will need to choose the limits of your policy and your deductibles. The boat liability insurance limits you choose will determine how much your insurance company will cover before you must pay out of pocket.
Your deductible is the amount of money youre required to pay before insurance kicks in to cover damages.
Boat liability insurance typically covers anywhere from $100,000 to $1 million in damages. Its wise to discuss how much coverage you need with a knowledgeable agent. An agent in your area will be happy to cover these details with you and help you make an educated choice.
When Is Proof Of Insurance Required
Even though most states dont legally require you to carry boat insurance, other situations may require proof of insurance for your watercraft.
Docking your boat at a marina
If you plan on docking your boat at a marina, many will require you to show proof of insurance before signing the contract. That being so, make sure to read the fine print and understand the requirements before proceeding with any contractual agreement.
For example, marinas such as the Charleston City Marina in South Carolina and the Kemah Boardwalk Marina in Kemah, Texas require docked boats to have liability insurance of at least $300,000.
Marinas like Brickyard Cove in Pt. Richmond, CA require an endorsement on your policy as additional interest or additional insured to avoid claims of negligence.
Harbors will carry their own liability insurance so they can protect claims where they may be at fault.
Financing your boat purchase
If you have financed your boat, your bank may require you to carry boat insurance. If the bank is using the boat as collateral for the loan, they will require you to list them as payee for loss or damage of the boat.
Unlike home and auto coverage, some policies dont require you to carry year-round coverage. But if you have financed your boat, your lender will most likely ask you to carry coverage even when the boat is stored. Your vessel may still be exposed to risks, such as theft and storm damage, while in storage.
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Do You Need Boat Insurance
In order to determine if you need boat insurance, you need to assess your needs and keep the costs in mind. Typical boat insurance policies can cost 1-2% of the boats value over the course of a year. These payments are typically split up into monthly payments.
If your livelihood depends on your boat, such as a boat charter business, youre a fisherman, or offer boat tours then you should definitely get boat insurance. Its also recommended for recreational boat users because boat repairs add up and you dont want the headache and out-of-pocket costs, not to mention liability, if youre in an accident or your boat is damaged in a storm.
Look For Great Boat Insurance Rates Each Year
Once you have a boat insurance policy, dont just sit back and consider yourself done with the process beyond making payments.
Theres a reason why insurance companies run commercials and web ads all the time. They want you to switch plans and join them.
Many insurance companies will offer enticing rates and incentives for you to switch to their brand, so shop around from time to time.
You could save thousands of dollars over the years by always opting for the best available boat insurance plan.
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How Are Yachts Categorized Concerning Insurance
A boat is any vessel that is 26 and smaller. These will have basic coverages and feel more like auto insurance policies.
However, a yacht is classified as 27 and larger, which will have broader, more specialized coverage. This is because yachts are more complicated, faster, bigger, and hold more stuff.
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Best Of: Keeping Boat Insurance Afloat In The Off Season
Summer is over, and youve taken your boat out of the water. To save a few dollars, you cancel your boat insurance. After all, what could possibly happen to your baby while its hibernating? A lot, according to Progressive.Youd be shocked at the number of claims filed in colder months, says Dominic Mediate of Progressive. Nearly two out of every 10 Progressive boat claims filed in northern states happen between Labor Day and Memorial Day.Dont take a gamble on nothing bad happening. Common off-season claims include:
Fire, Theft, Vandalism and Flooding Most claims are filed for one of these reasons, which can occur anytime of year. Without coverage, boats damaged by fire, theft, vandalism or flooding arent protected.
Injuries that Occur on or Around Your Boat Some boaters dont realize they could be responsible for injuries that occur on or around their boat even if the injured person was there illegally. Without liability coverage, you could be responsible for the damages or the injured persons medical bills.
Canceling your policy could mean paying more or the entire deductible, generally $500 or $1,000.
Check your policy and consult with our independent insurance agency before making any decisions.Looking for Motorcycle Insurance? We sell that too!
Best For Safe Boat Drivers: Progressive
Progressive offers a variety of comprehensive boat insurance policies and offers discounts for safe boat drivers.
Need to contact for pricing
New boaters may be overwhelmed with choices
Dont insure houseboats
Progressive Insurance is well-known throughout the United States and has an excellent reputation for providing comprehensive coverage at competitive prices. Progressive has been writing boat policies for over 35 years and now insures more than one million watercraft. You can buy a boat policy for several types of personal watercraft vessels up to 50 feet long and up to $500,000 in value.
There are several attractive discounts to reward safe boat owners, including a decreasing deductible, in which your policy deductible will decrease for each policy period you remain accident-free, and a safety course discount for anyone who completes a state-approved safety course. New policyholders will enjoy small accident forgiveness for claims of $500 or less, while customers who have insured their watercraft through Progressive for at least four years and been accident-free for the past three years are awarded large accident forgiveness that ensures no increase in rates for any accident.
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Living On A Boat Full Time: How Much Will It Cost You
Looking to live large in a tiny place? Here’s 12 questions to ask yourself when planning to live aboard a boat.
Boaters often romanticize the idea of living aboard. To them it sounds like watching endless sunsets from the flybridge, living smaller and simpler, and saving a bunch of money. However, although an alternative lifestyle may sound exotic to you and your workmates, its best to be well prepared for the realities of what it takes to move and live on board a boat. This level of commitment is very different from summer weekends of sun and fun. Here are some questions to ask yourself before making the big jump to a small place.
Ready to move in? Not so fastbefore you bring the U-Haul, here’s some factors to consider.
Ive got a slip so can I just move aboard?Will life be simpler?What about stowage, comfort & connectivity?beforeDo I have the skills to live on a boat?What expenses should I expect?What about safety and security?How do I prepare pets and kids for the move?
Remember, living aboard may bring lifes lessons up close and personaland that has value in and of itself.
Will I have a social life?What about vacations?Is this lifestyle long term?Whats Plan B?Whats most important?
What Is Boat Insurance
Boat insurance is a contract between you and an insurance carrier that protects you from financial loss in the event of a boating accident or natural disaster that damages your boat. Boat insurance for larger vessels typically has restrictions as to what it will cover and where in the world the coverage applies. Boat insurance is for vessels that have a motor and is not for canoes or small paddle boats.
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Customize Your Boat Insurance Coverage
All boats aren’t the same. You need to customize your boat insurance to meet your needs and provide your watercraft with the proper coverage. Here is a list of the most common types of watercrafts.
- Pontoon boats are one of the most popular inland water boats. They are a flattish boat that relies on floats to remain buoyant. Their wide and spacious area is great for many passengers to enjoy the ride.
- Personal watercraft are powered by a water jet pump and the rider generally sits, stands, or kneels on it. There are many types of PWCs which include WaveRunners, Sea-Doos and more.
- Fishing and bass boats are designed and equipped for fishing. Most are powered by an outboard motor and are equipped with power poles, trolling motors, etc.
- Powerboats are the most popular type of boat used for cruising, watersports, and so much more.
- Sailboats are propelled partly or entirely by sails.
If you don’t see your watercraft listed and looking for more information on different types of boats here?
Things To Consider And Questions To Ask Your Agent
Here are a few things to consider as you prepare for the discussion:
- How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen?
- Is my boat or watercraft covered for use year-round?
- What discounts and programs are available?
- How much medical insurance and liability coverage is enough?
- Do I have coverage if I need to have my boat towed in an emergency?
- Whats the process for filing and settling a claim?
- Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
Liability limits start at $15,000 and can be increased to $300,000.
Typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments.
Additional coverage can also be purchased for trailers and other accessories.
You should talk to your insurance representative about the type of coverage that would best suit your needs.
MIS Insurance provides Watercraft & Boat insurance in all cities in California including: Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, Long Beach, Oakland, Bakersfield, Anaheim, Riverside, Stockton, Chula Vista, Irvine, Fremont, San Bernardino, Modesto, Fontana, Oxnard, Moreno Valley, Huntington Beach, Glendale, Santa Clarita, Oceanside, Garden Grove, Rancho Cucamonga, Santa Rosa, Ontario, Elk Grove
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What Boats Have To Be Registered With The Dmv In Sacramento California
All boats / vessels that are used to transport you across California waters. For example sail-powered boats over eight feet long. A vessel or a boat with a motor, no matter how large it happens to be.
If you recently moved to California from out of state you must register your boat or vessel with the DMV within 120 days. This would also apply if you purchased your boat from an out of state seller.
Convenient Ais Office Locations In California
There are 11 AIS office locations across the state of California. Our AIS Insurance Specialists can help you find a policy with the best combination of coverage and price. They are also available to assist you with any other policy changes you may need to make. Our AIS offices are conveniently located near major freeways to make them easy for you to find.
Find the closest AIS office location to you here.
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How Much Does A Boat Insurance Cost
In the United States, private ownership of boats is obviously not as crucial and ubiquitous as owning cars. However, the interest of Americans in recreational boating is also difficult to ignore, considering that over 87 million adults participate in any of its related leisurely activities . Recent statistics have counted up to 13.28 million American households owning boats.
While 2.65 million American families are planning to buy a boat, it is also important for prospective owners to be aware of its potential dangers. The US Coast Guard submitted a report concerning the fate of unfortunate boat owners in 2016 counting a total of 4,463 accidents that incurred up to $49 million worth of property damage. The need for boat insurance is predicated by these frequencies, especially given the fact that open motor boats account for 47% of these accidents.
Howto Lower Your Insurance Rate In California
When searching for a good insurance provider in California, your ultimate goal is to find a company that can provide you better coverage and a deal at a low rate. It is not that hard to find a reasonable insurance rate in the state with the help of these tips:
Find out if you qualify for discounts Before buying California boat insurance, check whether you qualify for discounts in a particular company. Find out if you can get a lower premium in case you pick a high deductible, commit to operating your boat in a smaller or specific geographical area, keep a clean driving record on water and land, and finish an educational course regarding boat safety.
Inmost cases, the mentioned situations allow boat owners to qualify for lowerpremiums. Also, ask whether bundling the insurance for your boat with the onesfor your motorcycle, RV, home, and/or auto can further lower your insurancepayments. By knowing the specific things that can give you discounts, you canfigure out which ones you can qualify for and take advantage of them.
Evaluate the cost of your boat annually You have to get an idea about how much it is worth once yearly. It is because, just like cars, the value of boats tends to depreciate as well. The cost of boat insurance is partially dependent on the value of your boat.
See the below video for tips on how to get an affordable and effective boat insurance policy in California:
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