Boat & RV

The Best and Most Affordable Coverage for your Boat 

Boat Insurance Programs That Meet Your Needs

Our team will work with you to determine the best and most affordable coverage for you, your watercraft, and your lifestyle. We have the information you need to compare side by side. Quote online or by phone, and we can email the policy within minutes. 

Boat Insurance programs that meet your needs. Coverage for, PWCs, Bass Boats, Ski Boats, Pontoon Boats....If it is not listed here, just ask!

Boat Insurance Quotes Basics

These are general rules when deciding on your boat insurance provider. 

This overview will help you make an informed decision when you're ready to buy boat insurance. Boat insurance programs are normally designed to cover boats up to 26' in overall length. If the size of your vessel is greater than 26 feet, it's generally considered a "yacht", and therefore qualifies for yacht insurance.

Boat insurance provides physical damage coverage to repair your boat if it's accidentally damaged or destroyed by a covered peril such as collision, fire, theft, windstorm, lightning or vandalism. This coverage is broad, and provides coverage for the boat, including its machinery and auxiliary equipment, outboard motors, boat trailer and personal property.

A Boat Insurance policy can provide physical damage coverage on an Actual Cash Value (ACV) or an Agreed Amount Value basis. Both types of boat insurance policies offer important coverages for your boat but there are significant differences.

Actual Cash Value policies pay for Replacement Costs less depreciation at the time of the loss. In the event of a total loss, used boat pricing guides and other resources are used to determine the approximate market value of your vessel. A partial loss is settled by taking the total cost of the repair less a percentage for depreciation.

Agreed Amount Value policies:

This means you and the insurance company have agreed on the value of your boat/vessel and in the event of a total loss you will be paid that amount. Keep in mind the Agreed Amount Value policies also replace old items for new in the event of a partial loss without any deduction for depreciation. Most Agreed Amount Value policies require actual cash value on certain damaged property such as sails, protective covers, batteries, dinghies, trailers and aged outboard motors, lower drive units or outdrives and so on. 

Agreed Amount Value policies:

This means you and the insurance company have agreed on the value of your boat/vessel and in the event of a total loss you will be paid that amount. Keep in mind the Agreed Amount Value policies also replace old items for new in the event of a partial loss without any deduction for depreciation. Most Agreed Amount Value policies require actual cash value on certain damaged property such as sails, protective covers, batteries, dinghies, trailers and aged outboard motors, lower drive units or outdrives and so on. 

Generally Speaking:  

Physical Damage coverage is usually subject to a deductible. The boat usually has the same deductible with additional deductibles for the trailer and personal effects. The deductible is the amount you are willing to pay in case of a loss. The higher the deductible, the lower your insurance premium. Boat policy deductibles are usually calculated as a percentage of your coverage. Keep in mind, a good boat insurance policy should also offer Personal Effects coverage to provide protection for those items not intended for the normal operation of your boat, such as portable TVs, cellular or portable phones, stereos, radios and cameras. 

In Most Cases Boat Liability: 

The Liability section of the policy provides protection if you are legally responsible for damages to property or injury to someone other than yourself or a family member. Boat Insurance liability provides protection if you are sued as a result of hitting another boat, or if someone is hurt onboard your vessel because of your negligence. This coverage is usually offered in increments of $100,000 up to $1 million.

Boat Insurance Summary: In conclusion, there are so many different option, variables, coverage terms, and situations that can play into effect, which is why we suggest you contact CJ Nye Insurance, so we can insure you are properly protected on and off the water! 

In Most Cases Boat Liability: 

The Liability section of the policy provides protection if you are legally responsible for damages to property or injury to someone other than yourself or a family member. Boat Insurance liability provides protection if you are sued as a result of hitting another boat, or if someone is hurt onboard your vessel because of your negligence. This coverage is usually offered in increments of $100,000 up to $1 million.

Boat Insurance Summary: In conclusion, there are so many different option, variables, coverage terms, and situations that can play into effect, which is why we suggest you contact CJ Nye Insurance, so we can insure you are properly protected on and off the water! 
Call to learn about our multi-policy discounts
616-754-9126
We're a locally owned company.

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