The Lake of the Ozarks is a beautiful place to boat and enjoy time with our family and friends. The proper coverage for your boat is an important topic, and at Ozark Insurance Professionals we are knowledgeable and ready to discuss the coverage options specific to your needs.
Most companies provide limited coverage for property damage for small boats such as small sail boats or power boats with less than 25 per hour horse power under a homeowners or renters insurance policy. Coverage is usually around $1,000 or 10% of property coverage. However, it is common at the Lake of the Ozarks and many other recreational areas throughout Missouri and Illinois for boats to exceed these standard limits. It is important to check with your agent in order to be sure that you are adequately protecting your boat, so check with us at at Ozark Insurance Professionals to find out if your boat is covered and what the limits are.
For most boats, you will need to purchase separate insurance. The size, type, value of the craft and the water in which you use it factor into how much you will pay for insurance coverage.
Personal Watercraft
Home and auto insurance policies may provide limited coverage for personal watercraft. For all insurance options for your PWC coverage needs, be sure to talk to your insurance agent at Ozark Insurance Professionals, LLC about coverage limits. You may want to consider purchasing a personal watercraft policy to protect you and your water vehicle in the event of an accident.
The personal watercraft policy covers:
- bodily injury
- property damage
- guest passenger liability
- medical payments
- theft
Liability limits start at $15,000 and can be increased to $300,000. Typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments.
Additional coverage can also be purchased for trailers and other accessories. Please contact us about the type of coverage that would best suit your needs.
Insurance coverages to consider:
- Liability
- Physical Damage
- Theft
- Medical Payments
- Motor Coverage
- Trailer Coverage
- Boat Covers
- Docking Fenders
- Communications Devices
Remember, since every boat is unique please make sure you check with us to see if you need any additional coverages or would be eligible for additional discounts.
With Permission ? Insurance Information Institute, Inc. - ALL RIGHTS RESERVED -
