Watercraft Insurance For Boats & Yachts
Whether it’s a small sailboat or multimillion-dollar yacht, your boat is a place to relax and get away. Your Nicholas / Tobin advisor can provide a policy not available through most insurers, such as protection for losses due to mechanical breakdown, faulty repair, and ice or freezing.
Knowing how your boat policy will respond to a loss to the hull, machinery, rigging, tender, outboards, and personal effects is vital to getting you back on the water.
Some insurance providers will compensate you based on the book value of the hull while others provide an agreed value. Other policies may limit where you can and cannot take your boat.
We Can Also Help You With
- Bodily injury liability or property damage to third parties
- Volunteer medical payment coverage
- Sailboat racing
Did You Know?
Some homeowners policies provide limited boat coverage for small sailboats, as well as rowing shells and inflatables. Ask us today if this can be a cost effective approach for you.
