Boat Insurance

Boat insurance helps protect a boat (and other watercraft) from certain risks. For instance, property coverage may help pay to repair your boat after it's damaged in an accident. It may also help pay to replace your boat if it's stolen. This coverage usually helps protect a boat whether it's on water or land. When you buy boat property insurance, you may be able to choose between two coverage types: actual cash value coverage or agreed amount coverage.

Here are some features to Louisiana boat insurance to keep in mind:

  • Hail damage can be a big concern in Louisiana. Be sure your policy covers damage resulting from hail storms.
  • Be sure damage to your electronics and other equipment is covered in the event of a lightning strike.
  • Most carriers use a separate windstorm deductible in the event a boat is damaged during a named windstorm. This may be 5% to 10% of the hull value. For inland Louisiana boaters, a windstorm may not apply.
  • Navigation limits might exclude the coastal exposure, so be sure to check your policy if you plan to use your vessel in the Gulf.
  • Tornados are also a common peril in Louisiana. Is your boat protected from tornado damage?
  • Some carriers will require owners to be a full-time resident of Louisiana, and not be absentee owners. Carriers want to make sure owners are with their boat at all times and are not absentee owners because this represents an added risk for theft. In case of a hurricane, carriers want to make sure owners are able to get their boats to safety.
  • Bass boats should also have customized coverages due to high-value fishing equipment, chartering, navigation, and speed. Bass boats also have higher max speed limits, usually 80mph.
  • High-Speed or go-fast boats present a greater risk, so they are subject to a different set of underwriting guidelines.
  • A hurricane haul out agreement may be required or may make you eligible for a discount on your premium.
  • Louisiana boating is truly a unique and rewarding experience, whether it is in fresh or salt water. Make sure you’re getting all the coverage you need to protect you and your family. For more information about boat insurance, contact an experienced agent at NBOA Marine Insurance at 1-800-248-3512 or complete a free boat insurance quote online.
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