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The Pivotal Insurance Agency LLC

217 West Main Street,
Louisa, VA 23093

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Category: Boat/Watercraft Insurance

What Are the Most Common Types of Boat Insurance?

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Have you recently purchased a boat or other type of watercraft? If so, you’ll want to get boat insurance right away. Get assistance about the types of insurance coverage as well as other matters related to boat insurance by discussing it with an agent from The Pivotal Insurance Agency LLC of the Louisa, VA area. 

Customize Your Policy

Many boat insurance policies allow you to customize it to your liking. This way, you will be able to get a policy that meets your individual needs. Even though this is the case, there are several insurance packages that may already align with what you need. 

Standard Boat Insurance 

This is a policy that is considered a step up, meaning it’s the basic level of coverage. They typically offer diminishing deductible, higher amounts of liability and property insurance, value settlement, and hurricane haul-out coverage. 

Discount Boat Insurance 

This offers you lower coverage amounts when it comes to property and limited liability insurance. It’s best for when you encounter minimal risk situations and for boat storage purposes. 

Personal Watercraft Policy 

You would use this policy if you have a smaller boat or a watercraft that’s meant for only one user. Since it matches the lower value of small watercraft, it is usually inexpensive. 

Classic Boat Policy 

This is an ideal option for insurance if you have a boat that’s over 26 years old. Use it with vintage, antique, or collector boats that you don’t use as often. 

Performance Boat Insurance 

This is best suited for boats that are equipped to go at high speeds that tend to have higher risks associated with operating them. It includes additional coverage levels such as boat lift and hoist coverage. 

Consider Your Boat Insurance Policy Options 

When you need boat insurance, look no further than The Pivotal Insurance Agency LLC. Serving the greater Louisa, VA area, this agency welcomes new customers at any time. Reach out to us today to get started with the process. 

Does My Insurance Cover Other Drivers of My Boat?

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You brought your friends out on a sunny day to enjoy some boating time on the water, but you don’t want to get stuck sitting behind the wheel. You think about letting one of your friends take the wheel while you enjoy kicking back for a while, but are you sure if anyone else is covered under your boating insurance policy if an incident happens while they’re navigating Louisa, VA waterways? 

The state of Virginia does not require a boat owner to carry boat insurance. They do require you to register your watercraft and get a certification of completion of a boating safety course, and some Louisa, VA marinas may require you to carry boat insurance to be able to dock. However, while boat insurance is not mandatory in Virginia, it is a safety precaution just as important as a fire extinguisher or life jacket.  

The Pivotal Insurance Agency LLC offers boat insurance policies that cover liability and physical damage to your boat, yacht or commercial sailing vessel. 

Typical boat insurance coverage includes: 

  • Uninsured boater coverage  

  • Property 

  • Liability Coverage 

  • Towing  

Does Homeowners Insurance Cover Other People Driving My Boat? 

While your homeowners insurance policy may cover your boat in the event that it is damaged while someone you know was operating it, the coverage doesn’t go very far. Your homeowners policy will typically cap at 10% or less than your home’s value – and provides no liability coverage for damage your boat may do to others. Generally, your homeowners policy doesn’t provide enough coverage unless your boat is slow, extremely small, or inexpensive. Your homeowners insurance will not cover liability to others or other property in the event that someone operating your watercraft is involved in an incident. 

Boat Insurance Exclusions 

While your boat insurance may cover another passenger navigating your vessel, if your child doesn’t meet the age, training, and license requirements in your state, your boat insurance policy will not cover them. For example, nobody under the age of 14 may operate a personal watercraft, regardless of your insurance coverage. 

Questions About Boat Insurance Coverage? 

We’ve got answers! Call The Pivotal Insurance Agency LLC today for more information about how to find the best boat insurance policy to protect yourself and your passengers while your boat is on the water, being towed, or in storage.