When shopping for boat insurance in Indiana, it’s important to consider various key elements to ensure comprehensive coverage. At Paul Branham Agency, we guide you through these considerations to find the best insurance for your needs:

Navigational Area

Understand your coverage limits on the water. Many policies offer extensive protection, including up to 75 miles from the U.S. coastline, Canadian coastal and inland waters, and even into Mexico’s Pacific coastal areas. For specific regions like California, Florida, and Oregon, expanded coverage is available.

Agreed Value Coverage

Boats, much like cars, depreciate over time. Agreed value coverage ensures that in the event of a total loss, you receive the insured value of your boat, minus the deductible, rather than the depreciated value.

Liability Coverage

Similar to auto insurance, this covers damages and injuries you may cause to others while boating. It includes expenses for property repair, medical care, lost wages, and other costs arising from an at-fault boating accident.

Medical Payments

This covers necessary medical expenses resulting from a boating accident, ranging from $500 to $10,000. It protects you, your passengers, and even individuals engaged in water activities like skiing or tubing, regardless of fault.

Physical Damage Coverage

This ensures the repair or replacement of your boat, its motor, permanent equipment, and trailer in case of theft or damage.

Uninsured/Underinsured Watercraft Bodily Injury

With boat insurance not being mandatory, this coverage is crucial if an uninsured or underinsured boater injures you. It covers medical treatment, lost wages, and other related costs.

Fuel Spill Liability and Wreckage Removal

In the event of your boat sinking or being severely damaged, resulting in an oil or fuel spill, this coverage takes care of the legally required clean-up, which can be both expensive and time-consuming.

Personal Effects Coverage

Protects a range of personal items like clothing, jewelry, cell phones, and sporting equipment while on your boat.

Unattached Equipment Coverage

Covers repair or replacement of items not permanently attached to your boat or watercraft, such as life-saving gear, water skis, anchors, and more.

Emergency Assistance

Offers support for towing, labor, and delivery of essential supplies like gas or oil if your watercraft becomes disabled on the water.

Understanding these aspects of boat insurance ensures you select a policy that offers robust protection for your boating lifestyle. Contact Paul Branham Agency in Indiana today for expert guidance and a policy that best suits your needs.