Boat/Watercraft Insurance in Michigan

Even though the State of Michigan is close to the Great Lakes, boat/ watercraft insurance is not a legal requirement. Grand Rapids, MI is one of the biggest boating cities in Michigan so it is important that the residents know what to look for. Different types of watercraft insurance provide different levels of coverage. Even though homeowners’ and auto insurance may cover boats and watercraft, the coverage may not be sufficient. The cost for boat and watercraft insurance depends on; age of the boat, its condition, value and whether or not you live on it. At Alliance Financial & Insurance, we can help you find the boat/ watercraft insurance cover in Grand Rapids MI and the surrounding areas. The following are some of the available types of boat insurance coverage;

Uninsured/Underinsured Watercraft Bodily Injury

Many boat owners do not have insurance especially because it is not a legal requirement. This cover protects you if you are hit by a boat that has insufficient or no insurance. It may pay for lost wages, medical charges and other costs from the accident

Unattached Equipment Coverage

If equipment that is not permanently attached to your boat gets damaged or lost, this insurance cover helps pay for their repair or replacement. Such equipment include; anchors, soars and fire extinguishers

Personal Effects

This coverage type pays for personal belongings including sporting and fishing equipment and clothing in case of loss and damage.

Fuel Spill Liability And Wreckage Removal

There is always the chance of oil spilling from your boat if it sinks or gets damaged. In such events, you are obligated to clean it up. This coverage pays for the process.

Physical Damage Cover

If your boat or watercraft gets physically damaged, this coverage pays for the repair or replacement cost.

Alliance Financial & Insurance Agency seeks to help them our clients find the insurance that works best for them. Visit our offices for a new quote.