There’s no better way to enjoy the water than from the comfort of a pontoon boat, and this one takes comfort to a whole new level. But along with ownership of a pontoon boat comes responsibility, like making sure you have it properly insured. The best pontoon boat insurance will give you the peace of mind that comes with knowing you won’t be left empty-handed in the event of an accident, theft, or damage. In this guide, we’ll explain what pontoon boat insurance, what it covers (and doesn’t cover), why it’s important, and the best way to get a policy that’s just right for you.
Why You Need to Insure Your Pontoon Boat
Each pontoon boat is one-of-a-kind, designed to suit your lifestyle. Unlike speedboats, they’re made for comfort and stability, which is why casual users love them. But accidents occur — collisions, storms and equipment failure. Without a suitable pontoon boat insurance policy you risk big repair bills or liability claims. For example, insurance can pay legal and medical costs if your boat damages a dock or injures someone. Plus, many marinas need to see proof of insurance in order to let you dock there.
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Key Coverage Options
Here are some lines you may expect as part of a good quality pontoon boat insurance policy:
- Physical Damage: Repairs or replacement will be covered if your boat is damaged in a collision, storm or vandalized.
- Liability Coverage: Covers you if you cause injury or property damage.
- Medical Payments: Pays medical expenses of passengers injured in an accident.
- Uninsured Boater Protection: We pay for damages you would be entitled to recover if you are injured as the result of a boat collision with an uninsured boater.
- Personal Property: Covers belongings such as fishing gear or water sports gear.
Some include additional features like roadside assistance for trailers, or cover for fuel spills, an important aspect to protect the environment.
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What Determines Pontoon Boat Insurance Rates
Several factors determine the cost of pontoon boat insurance:
- Boat Value and Size: Larger, more expensive boats generally come with larger premiums.
- Usage: If you are using your boat regularly (or commercially), you may end up paying more.
- Location: Rates can be raised for such things as stormy areas and locations with high theft rates.
- Driver Experience: A safe boating history can reduce rates.
- Limit Coverage: The higher the amount of coverage, the more expensive, but more protection for you.
Pontoon boat insurance averages between $200 and $500 every year, but comparing quotes can get you the best price.
How to Pick the Best Pontoon Boat Insurance
Choosing the Best Pontoon Boat Insurance Shop around & compare when looking for pontoon boat insurance. Begin by evaluating the value and use of your boat. For instance, a pontoon used to fish still lakes requires different coverage than one used for parties on choppy waters. Ask for quotes from several insurers, including Progressive, Geico or BoatUS, and compare coverage. Find discounts, such as combining with home and auto insurance, or completing a boating safety course.
Also, look into the carrier’s track record for customer service and handling of claims. Reading through boaters’ reviews can help you learn from their experience. Make sure the policy is tailored for your needs, such as towing or salvage help.
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Things You Should Be Aware of to Save on Pontoon Boat Insurance
Getting a deal on pontoon boat insurance doesn’t mean sacrificing coverage. Here are some practical tips:
- Take a Boating Safety Course: Some insurers provide discounts for certified boaters.
- Bundle Policies: Some companies will offer you a discount if you bundle your boat insurance with other types of insurance.
- Raise Deductibles: A higher deductible will lead to a lower premium, but make sure you can afford it.
- Mexican Law Liability Coverage made easy – Safe Storage:– Safe Storage Coverage, options you can compare when your boat is stored in a secure location during the off-season to save money.
- Keep Your Record Clean: Low premiums are the result of an accident/claim free history.
You can find affordable coverage that is not stripped down by being a smart shopper.
Common Mistakes to Avoid
Here’s what to look out for when you buy pontoon boat insurance:
- Insufficient coverage: Opting for lower coverage to save money can leave you open to steep bills.
- Ignoring Exclusions: Know what your policy doesn’t cover, such as wear-and-tear damage.
- Not Updating Policies: Make changes to your boat usage or upgrades known to your insurer.
- Skipping Comparison: Shopping around can mean overpaying for coverage.
By taking the time to learn your policy, you’re going to be able to know what you are and aren’t covered for.
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Final Thoughts
Smart Pontoon Boat Insurance To Protect You On The Water Owning a pontoon boat comes with many benefits, such as if someone runs aboard the deck or there is a fire on board, but always having the right kind of insurance is in your best interest. Through learning what to cover and seeing how the quotes above stack up against one another and learning more about common mistakes, you can land on a policy that meets your budget and your needs. Keep your pontoon boat safe and yourself stress-free when out on the water by securing the proper insurance policy.
