Boat owner’s insurance includes coverage for the physical damage to your boat, including the hull, equipment, and other property on board. This coverage helps protect against risks such as collisions, theft, vandalism, fire, or storms. It ensures that you can repair or replace your boat and its equipment in case of covered incidents.

Liability coverage is a critical component of boat owner’s insurance. It provides financial protection if you are found responsible for causing bodily injury or property damage to others while operating your boat. This coverage helps cover legal fees, medical expenses, and other related costs resulting from a liability claim against you.

Boat owner’s insurance typically includes medical payments coverage. This coverage pays for medical expenses if someone is injured on your boat, regardless of fault. It can help cover minor injuries and avoid potential lawsuits.

Uninsured/underinsured boaters coverage is recommended for boat owners in Michigan. It protects you if you are involved in an accident with a boater who does not have insurance or has insufficient coverage. This coverage helps ensure that you are adequately protected financially when dealing with uninsured or underinsured boaters.

Boat owner’s insurance often includes coverage for the costs associated with the removal and disposal of a wrecked or sunken boat. Additionally, it may offer pollution liability coverage, which protects against environmental damage caused by your boat, such as fuel spills.

When selecting boat owners insurance, be aware of the navigational limits specified in the policy. Some policies may limit coverage to specific waterways or areas, while others may provide broader coverage. Ensure that the policy aligns with your boating habits and intended navigational areas.