Discover Boat Owners Insurance

What Is Boat Insurance?

Boat owner’s insurance is similar to auto insurance. It protects you as the owner from claims relating to the physical damage of your watercraft or injuries or death caused in its operation.

Key Takeaways About Our Boat Insurance

• It protects boat owners
• This insurance protects against loss, damage, or theft of the boat and its contents. In addition, it safeguards you from any physical harm to the boat
• Boat owners’ insurance policies often do not provide coverage for items such as the cost of towing a boat if it is damaged while at sea

Let Us Explain How Boat Insurance Works

Like other forms of insurance, boat owners’ insurance is grounded in the same underlying principles:

 

For a monthly fee, an insurance company will take on the responsibility of covering any risks with owning or operating a boat. These may include physical damage to the boat, theft of items onboard, or even injury/death liability for its passengers and other parties. Boat owners’ insurance protects you from potential losses associated with your watercraft adventures.

Can You Apply it to Any Kind of Boat?

You can purchase boat owners’ insurance to protect your yacht, sailboat, or houseboat at any point in time. The coverage provided is customized for the value of your watercraft and expected usage so that you are always covered. These are the kinds of boats or watercraft you can insure with our boat insurance:

• Yachts
• Sailboats
• Houseboats
• Motorboats
• Fishing boats
• Personal watercraft (jet skis, etc.)

Types Of Coverage

Liability Coverage

Getting sued for liability is something no boat owner wants to go through, yet you must face the fact that accidents do happen. As a boat owner, you must understand your legal duties in case someone gets hurt while onboard. Host liability coverage safeguards you against potential lawsuits and associated costs related to a mishap.

Comprehensive and Collision Coverage

Purchasing Insurance Solutions in Milldale for your boat, motor, equipment, and trailer is an investment that offers you financial protection in case of damage from a covered event. You get to select the deductible amount, which makes you feel secure paying out-of-pocket when such a situation arises. With comprehensive coverage, replacing or repairing these items won’t be much of a challenge anymore.

Uninsured Boater Coverage

You could be held personally accountable for any accidents or harm sustained without the necessary insurance coverage when operating your boat. Uninsured boater protection guarantees that an insurer will assist if you are in a collision with someone who does not have adequate finances to cover losses. This coverage is crucial for keeping yourself and others safe on your watercraft.

Custom Policies

At Nesso Insurance, we know that each boat is unique, which is why we provide customized insurance policies for power boaters, sailors, and commercial fishermen. Our team is eager to work closely with you to ensure your boat has the comprehensive coverage it deserves. With our custom-tailored approach, you can be confident knowing your boat will remain safe on the open waters.

Coverage Limitations

While boat insurance is very comprehensive, it does have certain exclusions. These exclusions generally include the following:

• Loss caused by wear and tear
• Gradual deterioration
• Weathering, insects, mold, animals, and also effects that marine life may cause
• Some plans also do not include damages such as scratches, marring, blistering damage, or manufacturer’s defects.

 

Steps to File a Claim in Case of an Incident

STEP 1. Contact the boat insurance company immediately after the accident and provide them with all necessary information, such as the date, time, location of the incident, and a description of the damages.

 

STEP 2. Take pictures of any visible damage to your boat and any other property involved in the incident. Collect contact information from witnesses present during the accident, as these may be important for your claim investigation.

 

STEP 3. Gather all necessary documentation such as repair estimates, bills or invoices for payment of services or parts related to the repair of your boat, and receipts for any items you had to purchase due to loss or damage caused by accident.

 

STEP 4. Contact your boat insurance company again to inform them that you have collected all necessary documentation so they can begin working on your claim. They will likely assign an adjuster to review it and determine whether you are eligible for a payout.

 

STEP 5. Have a conversation with your assigned adjuster, where they will ask questions about what happened during the accident. Review all submitted documents to assess damages and estimate how much money you are eligible for in terms of coverage under their policy.

 

STEP 6. You should also provide an itemized list of any personal belongings that were lost or damaged, in addition to detailing how much it would cost to replace them if needed. This way, they can include that amount in their calculation when determining your payout coverage amount.

 

STEP 7. After everything is reviewed and approved by both parties, the insurance company will issue a check which you can use to cover repairs and/or replacements incurred due to losses from the accident, which was covered under their policy agreement with you.

We Have the Best Commercial Boat Insurance Policies

We have multiple boat insurance policies you can choose from. However, here are our top best sellers:

All-State:

Allstate offers boat coverage starting at about $25 per month, and you can apply for a discount. This policy includes:

• Watercraft liability coverage
• Property coverage
• Repair costs
• Medical payments
• Uninsured watercraft coverage
• Additional equipment and personal effects
• Trailer coverage
• Emergency services
• Agreed value

Progressive:

Progressive is known as cost-effective boat insurance. Rates can go as low as $100 per year, and it has a wide array of coverage. This includes:

• Bodily injury and property damage liability
• Comprehensive coverage
• Collision coverage
• Uninsured/underinsured boater
• Medical payments
• Propulsion Plus mechanical breakdown coverage
• Sign & Glide on-water towing
• Fishing equipment or carry-on items
• Water sports injury coverage
• Fuel spills and wreckage removal
• Roadside assistance and trip interruption
• Full replacement cost

Nationwide:

If you’re looking to bundle your policies, Nationwide is the one to choose. It offers lots of options for boat insurance coverage, including:

• Bodily injury and property damage liability
• Collision coverage
• Comprehensive coverage
• Uninsured/underinsured boater
• Medical payments coverage
• Roadside assistance
• On-water boat towing and labor
• Fishing equipment insurance
• Personal effects insurance

Nesso Insurance: Experienced Insurance Advisors

Nesso Insurance is one of the leading insurance advisory firms in Milldale, CT. We are agents with years of experience providing comprehensive boat insurance policies to power boaters, sailors, and commercial fishermen. Our experienced insurance advisors will work closely with you to tailor a policy that meets your specific needs and budget.

Our Story

For more than 30 years, experienced professionals from the insurance and benefits industry have come together to build what is now Nesso Insurance Company in Milldale. In the last five years, as our growth exceeded even our expectations, we felt it was the perfect time to take all of the talent, knowledge, and experience we had now amassed and turn it into something greater.

 

In 2022, thanks to a shared vision fed by common values, Nesso Insurance came into existence, providing unparalleled service for clients across the country. We’re so proud of this journey that shows that anything is possible when excellence meets ambition.

What We Do

At Nesso Insurance, we bring our knowledge and expertise to provide you with the best-tailored options. We understand how important it is to trust the advice you receive while looking for insurance, which is why our advisors are committed to helping you access the coverage that best fits your lifestyle.

 

Our dedication and passion for service make us stand apart from other providers – when it comes to your needs, we strive to provide the utmost care and peace of mind. With Nesso Insurance, you can trust that your loved ones will be protected with a customized plan in an emergency.

Go For A Sail Without Any Concerns With The Nesso Solution

At Nesso Insurance, our commitment to providing tailored coverage has made us the go-to provider for boat insurance in Milldale, CT. Our policies are designed to provide extensive protection and are crafted with your needs in mind.

We understand that your needs might change, so we offer flexible coverage and convenient payment options. Our advisors will help you find the perfect policy for your needs, no matter the size of your boat, from a small to a luxury yacht. Contact us today and get back in the water without any concerns with our Insurance Agency in Milldale. Our knowledgeable team is ready to provide comprehensive coverage that fits your budget and lifestyle.