Boat/Watercraft Insurance

The lakes, rivers, and coastal waters of South Carolina reflect a lifestyle that is rich with recreational opportunities with boats and other types of watercraft. Although these activities are fun, accidents can happen which result in death, injury, or property damage. Insurance Solutions offers boat and watercraft insurance policies that can greatly reduce costs and financial suffering in the event of a marine accident.

Risks on the Water

Although boating is considered to be a generally safe sport, risks exist in any recreational activity. Boaters who have been drinking or are careless pose the same risks to others as reckless or intoxicated drivers. Even boaters who have completed safety courses and are usually careful can make mistakes while at the helm, leading to collisions with other vessels or with people in the water. Boats can also suffer from fires or leaks, causing damage to them or the surrounding environment. Watercraft can even experience damage or suffer from vandalism when they are moored. Although it is not required in South Carolina, watercraft insurance can protect against these and other risks.

The Need for Insurance

Watercraft coverage works in the same manner as vehicle insurance. Liability coverage can help pay for the cost of injury or damage caused by a boater, including the medical expenses of those who suffer physical harm. Collision coverage can help pay for the damage incurred to one's own vessel. Policies can be obtained to pay for damage based on an agreed value or the cost of a vessel at the time of the incident. Insurance can help compensate policyholders for fishing gear or other boat-related items that have been destroyed or stolen to damage occurring during the transport of watercraft over land and from the environmental effects of fuel or oil leaking from a vessel. Learn more about the benefits of boat and watercraft insurance from Insurance Solutions by contacting us today.