Personal Lines

Watercraft

Watercraft insurance is often not mandated, but could be a a dependency for a loan.  Because there are different variations of watercraft, coverage will vary by the type of watercraft being insured.

Watercraft policies may limit coverage areas by geography, but often include waterways, rivers, lakes, and a specified distance from ocean to shore.

Key Considerations:

  • Damage that watercraft sustains in accidents
  • Injuries that drivers and their passengers sustain in accidents and non-accident injuries
  • Towing and wreckage removal
  • Spill idemnification
  • Theft
  • Damage to contents, equipment, and property on the watercraft