Boat Insurance in West Virginia
Boat insurance provides limited coverage for property damage for small boats such as canoes and small sailboats or small powerboats with less than a 25 mile per hour horsepower motor as part of a homeowner’s or renter’s insurance policy. Coverage is usually about $1,000 or 10 percent of the home’s property value and generally includes the boat, motor and towing trailer combined. Liability coverage is typically not included but it can be added to a homeowner’s policy. Check with your insurance representative to find out if your boat is covered and what the limitations are.
Larger and faster boats such as yachts and personal watercraft such as jet skis and wave runners require a separate boat insurance policy. The size, type and value of the craft and the water in which you use it factor into how much you will pay for insurance coverage.
For physical loss or damage, coverage includes the hull, machinery, fittings, furnishings and permanently attached equipment as part of either an actual cash value policy or on an agreed amount value basis. These policies also provide broader liability protection than a homeowners’ policy. But there are distinct differences between the two types of policies.
Yeager Insurance & Financial Services is an independent insurance and financial services agency serving West Virginia. To learn more about how we can serve your insurance and financial needs, please contact us at (304) 757-3900. You may also use this site to submit requests for insurance quotes 24 hours a day, 7 days a week.
