Boat and Yacht Insurance in Rhode Island

Taking your boat along the ocean and lakes of Rhode Island may lead to unexpected risks. While you take the utmost care to practice boat safety, accidents that cause injuries or damage can happen. Having boat and yacht insurance allows you to have the available resources to make repairs, provide damage compensation, and get medical treatment. Let’s take a look at the different insurance options available.

Hull Insurance

Hull insurance on a boat protects the vessel against physical damage. Insurance companies often require marine surveys to uncover hidden damage and maintenance issues. The same policy covers personal watercraft and jet skis.

A hull insurance policy may also cover motors, accessories, trailers, and equipment. Coverage for no-fault medical payments should provide for small medical bills when you’re participating in watercraft activities.

What Happens if You Don’t Have Insurance?

If you don’t have insurance, as a boater, you are required to handle any damage caused by your uninsured boat as if another boat owner had caused it. A charter company can not use an insurance policy covering a yacht for private pleasure.

Contact Marine Agency Today!

Marine Agency can design the right insurance package for your long-term financial security. Compared to other boat insurance companies, Marine Agency offers superior coverage. Call us to get a quote for Rhode Island today at 800-35-MARINE.