Boat/Watercraft Insurance in Michigan

Obtaining boat insurance is not a requirement, but boat owners in West Bloomfield, MI could benefit from it. You can complement your Michigan boat registration by obtaining boat insurance from Agency Advantage Insurance. Acquiring boat insurance coverage will let you enjoy the water more without worrying about your safety and that of your passengers or the vessel itself.

When shopping for boat insurance, there are some things you need to consider.

Navigational area

The navigational area coverage will help you know where you are covered when you are in the water. You can get additional coverage for different areas.

Agreed value coverage

Watercraft's depreciate just like cars. In case the boat is stolen or destroyed, you will get the value you insured it for minus any deductible.

Liability

A Personal Liability insurance policy provides coverage to other parties who are injured when you are at fault. It will help pay for medical costs, repair costs, and any other expenses incurred as a result of the accident at which you are at fault.

Medical Payments

Medical payment coverage takes care of any medical bills for injured parties including yourself regardless of who is at fault.

Physical damage

The coverage pays for repair costs for your watercraft as well as the cost to replace it if it gets damaged or stolen.

Uninsured or underinsured watercraft

The coverage caters for any expenses incurred if you are hit by an underinsured or uninsured boater. It pays for any medical costs, lost wages, and other accident related expenses.

Fuel spill liability

In case your boat is severely damaged, or it sinks, there is a chance that fuel might spill into the water. You are required to remove the oil from the water, and this could be expensive unless you have proper coverage.

These are some of the things to consider when getting boat insurance in Michigan. You can get more information from Agency Advantage Insurance in West Bloomfield, MI. Our agents can help you start a policy that benefits your finances and lifestyle.

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