BOAT/YACHT INSURANCE

Boat insurance may include coverage for the boat, engine, trailer and standard boating equipment. In addition, most boat insurance policies offer coverage for any medical expenses or property damage in the event of an accident.

There are two types of boat insurance, Actual Cash Value policies and Agreed or Stated Value policies. Actual Cash Value coverage is based on the current market value of your boat, while Agreed Value coverage is predetermined at the time the policy is written.