Sunday, April 10, 2011

Boat Insurance

Why Boat Insurance? Boats are not like autos and your boat insurance should not look like your auto policy. At U.S. Insurance Services our boat program is designed to fit the needs of today’s boater. Protecting your boat is important and selecting the right coverage can make all the difference. We offer a wide array of insurance coverages for a wide array of boaters. Boaters who have completed boating safety courses or who have protective devices to secure their vessel can qualify for great discounts. Helping boaters select the right insurance and save money is what U.S. Insurance Services is all about!

Boat Insurance terms and coverages
Liability and Property Damage Coverage (BI/PD)
Protects you from accidents involving injuries or property damages where you are legally responsible. Insurance is provided on a Combined Single Limit (CSL) basis with limits up to $500,000 in liability coverage providing you maximum protection in case of an accident.

Water Skier Liability
Automatically included with all policies at no extra cost, provides bodily injury and property damage coverage caused by someone that is towed.

Pollution Liability Coverage
Automatically included with all policies, provides liability coverage arising out of the discharge, dispersal or release of pollutants into the water by your boat.

Medical Payments
Pays for your medical bills resulting from an accident that happens during the operation of your boat.

Uninsured Boat Owners
Pays for lost wages, medical treatment and other claims when another boater is responsible for your injuries but does not carry insurance.

Physical Damage Coverage
Also known as “collision and comprehensive coverage” pays for the cost to repair or replace your boat if it is stolen or damaged.

Collision coverage pays for damages to your boat when you hit another boat or object.

Comprehensive coverage pays for damages resulting from events other than a collision including theft, fire or vandalism.

U.S. Insurance Services offers 3 types of physical damage coverages in the event of a total loss:

Actual Cash Value
An insurance policy that pays the market value of your boat at time of loss
Agreed Value
For boats 10 years old and newer, pays the value of your boat at the price agreed to at the time beginning of the policy.
Total Loss Replacement
Available for boats 2 years old and newer, pays for full replacement of your boat with the newest model if your boat is deemed a total loss.
Trailer Coverage
An optional coverage providing coverage for damages to your trailer you use to tow your boat.

Personal Effects Coverage
Pays for loss or damage to your personal effects and miscellaneous boat equipment. Personal Effects includes wearing apparel, sports equipment (such as skis, diving and fishing equipment) and other personal effects belonging to you, family members, guests or volunteer crew. Miscellaneous boat equipment includes depth finders, fish finders, AM-FM radios.

Towing Coverage
Pays for the cost of emergency towing if your boat is disabled. Coverage includes the emergency delivery of gas, oil or a battery.

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