Whether you drive a sport boat or a fishing boat, Idaho is full of opportunities for you to enjoy the water. There are more than 140 lakes and rivers in Idaho, and the state has a diverse boating crowd. On a typical weekend, you may find people relaxing on a sailboat, cutting through the water on a racing boat or even paddling a river in a canoe.
However you choose to enjoy the water, it's important to have a boat insurance policy in place covering your boat in Idaho. Just like a fire extinguisher, in case of an accident or emergency, it can come in very handy. A local insurance can get you quotes and help you decide on what coverage is best for your boat.
Boating is fun; however, it can be a dangerous hobby if you're not responsible and aware of your surroundings at all times. While there is no law mandating a safety course before a person operates a boat, every boat operator should pass a safety course before venturing out on the water. Lifejackets are required for each passenger on a boat, and individuals 14 and under must wear a lifejacket at all times.
Boat insurance works much like your typical car insurance policy. A typical boating insurance policy may offer the following types of coverage:
Additionally, many lenders will require you to carry comprehensive and collision insurance on the boat prior to the purchase, so be sure to ask your lender about insurance requirements before purchasing.
There are many types of boats out on the water, and each owner is different. With that said, there are many different types of boat insurance policies available, including insurance policies for the following types of boats:
With so many different types of boats, it's important to be sure that your chosen insurance policy covers the full value of the boat. If you have a boat not listed in this policy, you can still get insurance on the vessel.
Boating insurance doesn't have a strict price, as the value of every boat (and its accessories) is different. Many factors contribute to the cost of boat insurance. When deciding to purchase boat coverage in ID, be sure to have the following information ready:
Insurance companies consider all of these factors before giving you quotes in order to tailor the quotes to your needs.
When researching how much boat insurance to purchase, you should consider how much risk you are exposing yourself to while boating. A simple slip and fall on your boat could end up costing you thousands of dollars, and a crash with another boat or object in the water can quickly become a large repair bill.
It is also common knowledge that high net-worth individuals are more at risk for lawsuits, so getting adequate insurance to cover your assets and financial well-being is important.
Finally, consider an umbrella policy. This type of policy, typically sold in $1 million increments, extends your liability limit. So, for example, if you have $100,000 in liability insurance on your boat and you also purchase a $1 million umbrella policy, your liability insurance limit becomes $1.1 million. This umbrella policy also raises the limits on all your other policies. Since these policies are often very affordable, it may save you money in the long run to keep the legal minimum on your liability insurance and carry an umbrella insurance policy as well, instead of having high liability limits on your boat insurance policy.
There are usually discounts available on all insurance types, including boat insurance. Make sure to ask your agent about discounts. These may include, but are not limited to, the following:
These are just a few of the discounts available to boat owners looking for boat insurance in ID. Be sure to inquire about all available discounts.
When shopping for boat insurance, it's important to get a policy that has the right amount of protection at the right price. A Trusted Choice® agent is always available to help you discuss coverage options, answer questions and even help you file a claim.
Contact your local Trusted Choice agent to get more information and to get your boat insurance coverage.