Washington Boat Insurance
(Quotes, Cost & Coverage)
Get Washington boat insurance quotes, cost & coverage fast. WA boat Insurance protects you against the risks of owning and operating your watercraft, Jet Ski or boat from bow to stern.
WA 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 Washington 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 WA homeowner's policies have restrictions on size, limits on horsepower and damage coverage.
You should definitely have Washington 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 Washington Boat Insurance Cover?
Here's what Washington 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 Washington 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 Washington 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 WA boat, including:
Actual Cash Value - This Washington 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 Washington Boat Insurance Doesn't Cover
Typically Washington 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 Washington Boat Insurance Cost?
How much does Washington Boat Insurance cost? The average price of WA 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 Washington 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 Washington 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 WA, your policy won't cover you. You should, thus, check with WA 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 - Washington 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
WA 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.
WA Boat Insurance Quotes
Request a Washington Boat Insurance quote in Auburn, Bainbridge Island, Bellevue, Bellingham, Bothell, Bremerton, Burien, Camas, Des Moines, Edmonds, Everett, Federal Way, Issaquah, Kenmore, Kennewick, Kent, Kirkland, Lacey, Lake Stevens, Lakewood, Longview, Lynnwood, Maple Valley, Marysville, Mercer Island, Moses Lake, Mount Vernon, Mountlake Terrace, Mukilteo, Oak Harbor, Olympia, Pasco, Port Angeles, Pullman, Puyallup, Redmond, Renton, Richland, Sammamish, SeaTac, Seattle, Shoreline, Spokane Valley, Spokane, Tacoma, Tukwila, University Place, Vancouver, Walla Walla, Wenatchee, Yakima and all other cities in WA.
Washington Insurance Rules & Regulations
In Washington State, there are certain types of insurance that you should be aware of. We will be covering the limits and regulations of insurance within the state. You should be aware of these because if you operate a business, there may be certain types of insurance that you are required to carry. In addition, even if you do not have a business, there may be certain types of insurance regulations that you should familiarize yourself with. We will be taking a close look at insurance regulations for both personal and commercial here.
WA Commercial Insurance
For business liability insurance, what you should be aware of is that Washington does not require businesses to carry business liability insurance in order to operate. Washington is a pure comparative fault state which means that an insurance adjuster must first assess fault and name the adjuster or a court will reduce the award proportionate to the fault of the plaintiff. Businesses may carry business liability insurance in order to protect themselves against these types of claims.
However, Washington does require anyone who employs at least one person full-time or part-time to carry Worker's Compensation insurance to protect them if they are injured on the job. Washington does not require any type of disability insurance for businesses nor do they require commercial vehicles to carry commercial auto insurance.
Washington Personal Insurance
There are two types of personal insurance that you should be aware of. The first is auto insurance requirements. In Washington State, you are required to carry $25,000 per person and $50,000 per accident in bodily injury coverage. You are also required to carry $10,000 in property damage as well as uninsured/underinsured bodily coverage of $25,000 per person and $50,000 per accident.
There are two life insurance regulations to be aware of in Washington State. First, be aware that there is no free look period like there is in most states. If you sign up for life insurance, you are not able to cancel within 10 days in order to get a refund on your policy premium. However, there is a law that requires timely payment on insurance claims in the state of Washington. In fact, the state requires that the beneficiaries account start accruing interest on the day of death. That means that insurance companies will have to pay more for each day that they fail to pay the benefit. There is also a misrepresentation law when it comes to life insurance in Washington.
If you are looking for state specific Boat Insurance quotes, costs and information: Califorina Boat Insurance, Colorado Boat Insurance, Delaware Boat Insurance, Florida Boat Insurance, Illinois Boat Insurance, Kentucky Boat Insurance, New Jersey Boat Insurance, New York Boat Insurance, Oregon Boat Insurance, Pennsylvania Boat Insurance, Texas Boat Insurance, Washington Boat Insurance.