Watercraft Insurance For Boats and Yachts
Whether its 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 and 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 on the hull while others provide agreed value. While 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
Some homeowners policies provide limited boat coverage for small sail boats, also rowing shells and inflatables. Ask us today if that can be a cost effective approach for you.