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Boat & Watercraft Insurance
We can help make your time on the water relaxed and worry-free! We will find you the comprehensive protection that protects you, your friends and family, your watercraft and your boating equipment. Your time with family and friends on the water can be more enjoyable when you when you aren’t worried if a breakdown or accident happens. Insurance helps protect you from unforeseen issues and protects your investment.
Covered Boats & Watercrafts
All watercraft types below eligible:
Depending on the carrier here are the limits including fishing boats, runabouts, personal watercraft and boats up to 50 feet in length and $250,000 in value.
• a maximum length of 40 to 50 feet
• maximum value of $250,000 to $300,000
• a maximum speed of 65 mph, 85 mph for bass boats
• seaworthy condition
• liability only available
• no age limit (except wood hull construction); marine survey rules apply
• wood hull boats must be under ten years old
For jet skis, wave runners, other personal watercraft, and inboard waterjet boats under 17 feet, the number of personal watercraft in a household should not exceed twice the number of operators.
What to look for in a watercraft insurance?
We can help you determine the right amount of coverage to meet your specific needs. Just give us a call today at 479-321-3993 to get started. Here are some items you’ll need to consider when shopping for boat insurance in Arkansas.
Some of our carriers 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 purchased.
Agreed Value Coverage:
Watercraft depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed. If your boat is a total loss you will get the value you insured it for, minus any deductible.
Personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident if you are at-fault
Medical payments coverage will pay for the cost of needed care that is the result of 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. As the boat’s owner you are required by law to have this cleaned up, which can be time consuming and expensive.
Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment. Depending on the carrier up to $10,000 for tackle, rods, and reels and fishing equipment. Limits vary by state – check with us for information
Unattached Equipment Coverage
This 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.
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. 24-hour Roadside Assistance – covers trailer and tow vehicle.
Some carriers offer these options:
Total Loss Replacement – replaces insured’s boat with a brand new one of similar make and quality
Disappearing Deductibles – reduces the deductible by 25 percent at each claim-free renewal