Our local Schaumburg team knows what matters when you need us!
We can find discounts on boat insurance you may not find on your own.
Do you know what to look for in a boat and watercraft insurance policy? Best Insurance can specifically help you determine the right amount of coverage to meet your exact needs.
Best Insurance can help make your time while on the water relaxed and worry-free. We will find you comprehensive protection that specifically protects you, your friends and family, your watercraft and your boating equipment. The average boat costs less than a dollar a day to insure. You’ll certainly enjoy being on the water even more when you aren’t worried about your safety, the safety of your passengers, or your investment.
Here are some items you’ll need to consider when shopping for boat insurance.
Our team of insurance professionals will help guide you accordingly through all of the boat insurance options. Additionally we will work with you to ensure you have the right boat and watercraft insurance coverage.
Know where your coverage ends in the water. Some insurance companies offer protection that covers you up to 75 miles from the U.S. coastline, into Canadian coastal or inland waters, and into the Pacific coastal waters of Mexico. However, you can purchase coverage for additional areas in California, Florida and Oregon.
Agreed Value Coverage
Watercraft’s generally depreciate just like cars. Actual cash value policies can make it difficult to replace a boat that has been stolen or destroyed. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible.
Like car insurance, personal liability provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair/replace property of someone else. It will also cover their medical, lost wages, and other costs incurred resulting from a boating accident for which you are at-fault.
Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.
Physical damage coverage pays for the cost to repair or replace your watercraft. It also includes the motor, any permanently attached equipment and your trailer if stolen or damaged.
Un/Under insured-Bodily Injury
Since boat insurance is not always mandatory, many boaters choose not to get insurance. Therefore, if you are hit by an uninsured or underinsured boater and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.
Fuel Spill and Wreckage Removal
Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. Law requires a boat owner to have this cleaned up, which undoubtedly, can be time consuming and expensive.
Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Limits vary by state, so check with us for what’s required in Illinois. However, personal effects coverage does not include jewelry, watches or furs.
Unattached Equipment Coverage
This pays to repair or replace equipment, designed for use primarily on a boat, that isn’t permanently attached to your boat or personal watercraft. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.
Emergency Assistance Coverage
The Emergency Assistance Package generally provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.
We write insurance in Illinois and Wisconsin and would be happy to help you ensure you have the right boat or watercraft insurance coverage.