Boat/Watercraft Insurance in Michigan
Should You Have Boat Insurance in Michigan?
While you are not required by the state to have boat insurance, it still may be something you want to consider. You want to protect your boat, and the best way to do so is with boat insurance. While your boat may be covered under specific home policies, it’s important to remember that this will be minimal coverage.
What Will Boat Insurance Cover in Michigan?
Boat insurance in Birmingham, MI and around the state will cover several different things depending on your policy. Speak with an agent at High Favor Insurance to make sure your policy suits your needs. Collision coverage will cover damage to your boat due to an accident. It will include the repair or replacement of your boat. There could also be exclusions to your coverage. For example, wreckage clean up may not be included unless you have additional coverage. If your engine blows because of normal wear and tear, it won’t be covered, but if it is blown because of a collision, it is covered.
Bodily injury liability will cover injuries, including to passengers on your boat, as well as those from another boat. This protection will cover hospitals bills, pain and suffering, and legal fees. Property damage liability covers damage to someone else’s boat, a dock at a marina, or other property. This will help make sure you don’t have to pay for the repairs on your own. Comprehensive coverage will cover damage to your boat from non-collision related accidents. If your boat is vandalized, stolen, or damaged, then this type of insurance will cover costs. Policies can vary, and some may only include the boat and not any personal possessions that are on the boat. A rider can provide additional coverage. There is also add-on coverage you can pay for, such as personal property protection, fishing equipment protection, and oil spills insurance.
Contact High Favor Insurance, serving Birmingham, MI, to get a quote on boat insurance.