What is Boat Insurance?
Boat insurance covers your personal watercraft and gives you peace of mind when you are on the water. Whether you are into fishing, skiing, tubing, or anything else, spending time on the water can be a lot of fun. As an independent agency, we have the flexibility to help with boats of all sizes and have the options to provide the specialized coverages to you need for your situation.
Types of Boats Covered
Bass Boats
Cabin Cruisers
Fishing Boats
Jet Boats
Jet Skis
Pontoons
Sailboats
Ski Boats
Waverunners
And More
Boat Insurance Coverages
Bodily Injury Liability: Covers injuries to others when you are at fault.
Property Damage Liability: Covers property damage to others when you are at fault.
Collision: Physical damage coverage for your watercraft. Covers damages that result from a collision with another boat or object.
Comprehensive: Physical damage coverage for your watercraft. Covers damages that result from something other than a collision.
Fishing Equipment: Covers your fishing gear against theft or disappearance.
Wreck Removal: Covers the cost of retrieving your sunken boat, where legally required.
On-Water Towing: Pays to have your boat ferried back to shore if it becomes disabled on the water.
Trailer: Covers damage to your boat trailer.
Medical Payments: Covers medical costs for guests that are injured on your boat.
Theft: Covers theft of your boat.
Uninsured / Underinsured Boaters: Covers you when another at-fault boater is underinsured.
Deluxe or Specialized Coverages: Depending on what you want to be covered, here are some very comprehensive coverages you can add:
- Total Loss Replacement: Replaces the insured’s boat with a brand new one of similar make and quality in the current year.
- Disappearing Deductibles: Reduces the deductible a certain amount at each claim-free renewal.
- Sign & Glide® coverage: Help comes to your customer if they’re stranded on the water and need fuel, a jump, or tow with no out-of-pocket costs.
- Propulsion Plus® coverage: Provides coverage for the lower units of outboard motors, and the upper and lower units of an inboard/outboard motors in the event of a mechanical breakdown, including those caused by wear and tear.
- Trailer Trip Interruption coverage: Pays for meals, transportation, and lodging if you have a trailer or tow vehicle breakdown or accident while towing your watercraft more than a certain number of miles from home.
- Replacement Cost Fishing Equipment and Personal Effects: Replacement cost for tackle, rods, and reels, as well as personal items including cameras, clothes, cell phones, etc.
- Wrecking Removal Coverage: Pays for any attempted raising, removal, or destruction of the wreckage.
- Fuel Spill Liability: Coverage for unintentional oil or fuel spills that result in bodily injury or property damage.
- Medical Payments: Extra coverage to ensure coverage for water skiers.
Agreed value means that coverage is provided for a pre-determined amount settled upon by both the insured and the insurance company, and includes the watercraft, including motor(s), portable boating equipment, permanently attached equipment, marine electronics, and trailer (if trailer coverage is requested). In the event of a total loss, you would receive this specified agreed value, with no depreciation. Actual cash value is defined as replacement cost minus depreciation. In the event of a total loss, the amount you would receive accounts for depreciation in value.
Boat insurance may or may not cover engine damage, depending on the company and the policy. Some insurance companies have “machinery damage exclusions” while others do not; it often depends on the age of the motor and whether the company offers this coverage. Reimbursement may include replacement costs or be subject to depreciation.
Boat insurance covers passengers as well as the owner in an accident. Passengers on a boat would be covered under the liability portion of the boater’s policy. However, depending on the policy, coverage may or may not extend to water skiers you are pulling behind the boat. We can discuss how important this and other benefits and coverages are to find the right company to fit your needs.
Jeff Johnson Insurance Agency is an independent insurance agency, which allows us to quote a number of different companies to find you the best fit and the best price for your insurance needs. Benefits of working with us as independent agents include:
- Save time – we do the leg work for you to quote numerous options
- Offer choices – we aren’t a captive agency and limited to representing one company
- Offer Expert, Unbiased advice – we can quote numerous companies to find you the best fit and are not biased to steer you to a single company
- Save money – with so many options to quote, we can find you the best value for your money
- Forge a long term relationship – if your company loses its competitiveness over the years, we can requote you with all of our other options and keep you as a customer as your agent
Jeff Johnson Insurance Agency is affiliated with Atlas Insurance Brokers, LLC, which is based out of Rochester, Minnesota. Atlas provides services for over 100 agencies throughout Minnesota and Iowa. The affiliation gives our Agency greater flexibility and a number of options to provide you the most cost-effective and comprehensive insurance packages and provide you with the best fit for your needs.
If you have an accident or claim you can contact Jeff or Dan at Jeff Johnson Insurance Agency and they can assist you through the process or you can contact the company you are insured with using their 800 contact information on our Customer Service page.
Quick Contact
495 SE Alice’s Rd., Suite C
Waukee, Ia. 50263
515-987-6993
495 SE Alice’s Rd., Suite C
Waukee, Ia. 50263
515-987-6993
