Making Waves? Protect Your Boat

Many people believe sailboats or powerboats are covered under their auto or homeowners policies. But, for most insurers, that isn’t the case. Consider this:

  • Typically, an auto policy won’t provide liability or physical damage coverage for a boat.
  • Most homeowners policies provide a limited amount of coverage for physical damage to boats. They also restrict automatic liability coverage to low-powered boats.

Large, fast motorboats, yachts and personal watercraft such as jet skis and wave runners require a separate boat insurance policy. Boat insurance offers coverage for things like:

  • Bodily injury – for injuries caused to others, such as swimmers, jet skiers or other boaters
  • Property damage – for damage caused to someone else’s property
  • Theft and vandalism – that can occur on land or in the water
  • Medical payments – for injuries to the boat owner, family members and others who are injured

ERIE’s Boat Protector Policy

With a policy from Erie Insurance, you’ll get comprehensive coverage that covers many types of losses. It will cover, for example, damages resulting from a collision, fire or lightening. ERIE offers:

  • Up to $500 in coverage for boating equipment and accessories at no additional cost
  • Payments up to $250 per occurrence for emergency towing to the nearest marina, if your boat is disabled or stranded on the water
  • $1,000 coverage of non-owned property
  • $500 fire extinguisher recharge

For an additional premium or fee, ERIE also offers optional coverage such as uninsured boater protection. This coverage protects you should you be involved in a boating accident caused by a hit-and-run boater or a boater who has no insurance. Credits are available, too, for things like radars, built-in fire extinguishing systems and ship-to-shore radios.

So, if you have a boat or are thinking about getting one, contact us. We will review your coverage and help ensure that your boat is properly insured.

ERIE® insurance services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York). Not all companies are licensed or operate in all states. Not all products are offered in all states. Go to erieinsurance.com for company licensure and territory information.

Albion Agencies, Inc. is a licensed insurance agent/broker only in the State of New York.

The information in this post is general in nature, and geared toward insurance conditions in Western New York. As always, you should speak with an insurance adviser to determine your specific insurance needs.

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