Get Pennsylvania boat insurance quotes, cost & coverage fast. PA boat Insurance protects you against the risks of owning and operating your watercraft, Jet Ski or boat from bow to stern.
PA Boat Insurance
It's likely that your boat didn't come cheap. Regardless of whether you own a yacht or just a bass fishing boat, having the right Pennsylvania boat insurance policy will be of great help in case of damage, injury or or theft.
Does home insurance cover my boat? Probably not. Most PA homeowner's policies have restrictions on size, limits on horsepower and damage coverage.
You should definitely have Pennsylvania boat insurance if you have a yacht, a jet boat, a large sailboat or personal watercraft. You'll also require it if your boat runs faster than 25 miles per hour. Insurers offer watercraft insurance for a broad variety of vessels, ranging from bowriders and center consoles to personal watercrafts like WaveRunners and Jet Skis.
What Does Pennsylvania Boat Insurance Cover?
Here's what Pennsylvania boat insurance generally covers:
- Damage to permanently attached equipment, like anchors
- Damage from a fire, lightning, collision, and vandalism
- Property damage liability (if your boat causes damage to another person's property)
- Bodily injury liability (if someone is injured while on your boat)
- Guest passenger liability (covers legal expenses of someone else who's permitted to drive your boat)
- Medical payments (covers your expenses, as well as those of your passengers)
It's imperative that you understand what's exactly covered by your Pennsylvania boat insurance policy before making your way out on the water. Check whether it covers these scenarios:
- Mechanical Breakdown - It'll cover the cost of repairing or replacing your boat's outboard motor. But, the insurer will not pay for that if it's brought about by wear and tear.
- Salvage - Your boat may become disabled in such a way a basic tow will barely help. In this case, you might have to contact a salvage company to help you recover it. Salvage companies will typically ask for a certain fraction of the boat's total value as payment. That can be very costly. It'd, thus, be an excellent idea to ascertain that your Pennsylvania boat insurance policy includes the salvage coverage. However, not all insurers offer it.
- Gadgets - Only a few insurance firms cover costly accessories, such as fancy coolers or fishing equipment, especially if they're not permanently attached to your boat. Some insurers offer personal property coverage, which compensates you if they're lost or stolen while out on the water. You can inquire whether your insurer offers endorsements. These are handy additions if you wish to increase the personal property limits.
- Damage By Uninsured Boaters - Check if the policy covers damage that may be brought about by uninsured boaters.
There are two main types of damage coverage that you can purchase for a PA boat, including:
Actual Cash Value - This Pennsylvania boat insurance coverage will pay the boat's value at the specific time it's damaged. Your insurer will determine the boat's market value once it's destroyed and pay that amount as compensation.
Agreed Amount Value - In this case, the insurance company will pay you the amount they had agreed on with you beforehand. But, if it's possible to repair the boat, the insurer will provide new items as a replacement for the old ones without accounting for depreciation.
What Pennsylvania Boat Insurance Doesn't Cover
Typically Pennsylvania boat insurance doesn't cover:
- Defective machinery
- Machinery damage
- Damage from aquatic life, like sharks and whales.
- Normal wear and tear
- Damage from insects and mold
How Much Does Pennsylvania Boat Insurance Cost?
How much does Pennsylvania Boat Insurance cost? The average price of PA boat insurance is usually very affordable. The premiums vary depending on the company and their underwriting rules, and it depends on the coverages and deductible selected. Other factors that might affect the insurance cost include your boat's type, value, size, and horsepower.
You'll be allowed to choose your deductible - the amount that's deducted from an individual's insurance check once they make a claim. Typical policies will have deductibles of $500 for theft, $1,000 for medical coverage, and $250 for damage to property. But, liability claims filed against you won't have a deductible.
Some insurance companies offer discounts and various ways through which you can save money, including:
- Using a diesel-powered boat
- Carrying other policies, like home or car insurance, with the same company
- Taking safety courses
What You Should Know About Boating Insurance
Navigational Limits - If you have a yacht or a large boat, your Pennsylvania boat insurance policy is likely to have limits that outline where you can and cannot navigate the vessel. Should you navigate outside of the regions agreed to, then your Pennsylvania Boat Insurance might not cover you. A broader navigation area will prompt for higher insurance costs.
Under-Age Operators - At times, you may be tempted to let your 13-year-old drive the boat. But, if he/she doesn't meet the license and age requirements in PA, your policy won't cover you. You should, thus, check with PA boating regulatory agency.
Marine Inspections - In case you own an old model, most insurers will require that you have the boat inspected by marine surveyors. In turn, they will be able to assess its current condition and correct market value. A marine survey is worth considering for safety, even if it's not needed.
Boat Trailers - Pennsylvania boat insurancee may cover physical damage to a boat's trailer. However, it doesn't cover the liability brought about by towing a trailer. That's often covered under an auto insurance policy. Bear in mind that trailering laws tend to vary from one state to another.
Layup Periods - It's typical to take a boat out of the waters during cold weather. Most insurers might give you a layup credit since the boat isn't being used. However, if you take it out before the specified period ends, the insurer won't cover you because you'll have violated the policy.
Enjoy Your Watercraft And Know You Are Covered
PA boat insurance will protect against accidental damage, liability, and much more. It'll also cover multiple additional things you may not have thought about, including fuel spill liability, wreck removal, and salvage coverage. Besides, you can purchase additional coverage to protect personal property, like watersports equipment and fishing equipment.
Hitting the open water in a boat can be incredibly enjoyable. But, before setting sail, ensure you and your prized boat are protected with an appropriate policy. With comprehensive coverage, you'll be able to float that boat confidently and enjoy every exciting moment without much worry.
PA Boat Insurance Quotes
Request a Pennsylvania Boat Insurance quote in Allentown, Allison Park, Altoona, Baldwin, Bensalem, Bethel Park, Bethlehem, Bloomsburg, Carlisle, Chambersburg, Chester, Drexel Hill, Easton, Erie, Fullerton, Greensburg, Hanover, Harrisburg, Hazleton, Hermitage, Hershey, Horsham, Indiana, Johnstown, King of Prussia, Lancaster, Lansdale, Lebanon, Levittown, McKeesport, Monroeville, Murrysville, New Castle, Norristown, Philadelphia, Phoenixville, Pittsburgh, Pottstown, Pottsville, Reading, Scranton, State College, Upper Darby, West Chester, West Mifflin, Wilkes-Barre, Wilkinsburg, Williamsport, Willow Grove, York and all other cities in PA.
Pennsylvania Insurance Regulations
There are some regulations when it comes to Pennsylvania insurance that you should be aware of. We will be looking closely at both personal and commercial insurance within PA to find out what the regulations and limits are, so that whether you own a business or simply drive a car, you are able to get the insurance that is required by law. Understanding what the law requires the first step to making sure that you are compliant. Let's take a close look at these types of insurance.
PA Commercial Insurance
First, let's discuss business insurance. There are lots of different types of business insurance that you can get, but the most common one out there is what is called commercial liability or general liability insurance. This type of insurance protects you in case you are sued by someone who comes on your property and is injured or has their property damaged by something that happens on your premises. This may be something as simple as slipping on a wet floor or it might be a parking lot mishap the damages the vehicles there. However, this is not a mandatory type of insurance required by Pennsylvania law.
There are two types of insurance that are required in Pennsylvania however. These are pretty standard across most states. The first is Worker's Compensation insurance which is sort of like health insurance for anyone who is injured on the job. In addition, Pennsylvania requires that commercial vehicles that are actively being used in a business carry commercial auto insurance.
Pennsylvania Personal Insurance
You also need to know what the regulations are for personal insurance. The first type of insurance we will cover is auto insurance. In Pennsylvania, you are required to carry liability insurance for bodily injury of $15,000 per person and $30,000 per accident. In addition, property damage liability coverage is required at an amount of $5000. You are also required to carry uninsured motorist coverage at $15,000 per person and $30,000 per accident as well as underinsurance motorist coverage at $15,000 per person and $30,000 per accident. Finally, Pennsylvania requires first party benefits medical payments coverage of $5000. This is a great deal more than is required in most states.
There also some life insurance regulations that you will find under Title 40 of the state statutes. A free look period of 10 days is required for life insurance, there is a grace period on payments of 30 days and there is a guaranteed benefits and cash value law as well.
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