Boat Insurance in Martinsburg, WV and Charles Town, WV

 

As a boat owner, purchasing an insurance policy is essential for financially protecting your boat. Accidents can occur to boats at unforeseen times, while being used or in storage. Having boat insurance can limit the out-of-pocket costs you may have to cover following an accident.

How Does Boat Insurance Work?

Boat insurance is an agreement between you and your insurance carrier; you pay an insurance premium in exchange for financial assistance following an approved claim. Coverage can often be purchased as agreed value or actual cash value. Agreed value covers your boat based on its value when the policy was written. Actual cash value is your boat’s replacement cost minus depreciation.

What Does Boat Insurance Cover?

Policies vary among boat owners, but typical boat insurance often includes coverage options such as:

·        Liability coverage can help cover expenses if your boat causes damage to another person’s property.

·        Bodily injury coverage can help insurance against damages or injuries to someone other than the boat owner and those covered under their policy.

·        Medical payments coverage can help cover medical expenses if you or a passenger gets injured on your boat.

·        Boat insurance property coverage can help protect your boat from various risks and potential incidents by covering costs related to incidents such as theft or vandalism.

·        Uninsured watercraft coverage can help cover expenses if an uninsured boater collides with you and causes injury to you or your passengers.

The agents at Eckenrode Insurance Agency can help you learn how to customize your policy.

How Much Is Boat Insurance?

Boat insurance costs tend to vary considerably among policyholders. Your insurer will likely use factors such as your claims history and boat model to determine how much to charge you for coverage. Reach out to our agency to learn about how much a boat insurance policy may cost.

How Do I Get Covered?

If you are a boat owner near Martinsburg, West Virginia, the experienced agents at Eckenrode Insurance Agency can help you find coverage for you and your boat so you can decide on the right policy for your vessel.

For additional information, contact our agency at 304-267-2100 to request a quote.