Boat Insurance
Ellerhorst Russell Insurance Agency will work with you closely to understand your needs and make sure you have the personal insurance coverage you need.
We know the ins and outs of insurance.
Boat & Watercraft Insurance
If you’re a boating enthusiast, you know the freedom and joy of cruising on the open water. However, like vehicles, accidents can happen. That’s why boat and watercraft insurance is vital to protect your vessel, passengers, and yourself. Therefore, hoist the sails, and let’s navigate the world of boat insurance together.
What Is Boat Insurance?
If you’re a boating enthusiast, you know the freedom and joy of cruising on the open water. However, like vehicles, accidents can happen. That’s why boat and watercraft insurance is vital to protect your vessel, passengers, and yourself. Therefore, hoist the sails, and let’s navigate the world of boat insurance together.
Ohio Boat Insurance Requirements
In the state of Ohio, all boats (motorized and non-motorized) should be insured. Boat insurance helps protect boat owners financially if their boat is damaged or stolen while out on the water.
If you are planning on operating a boat in Ohio, you should also be aware of the state’s boat operating laws. In order to operate a boat in Ohio, you must pass a proficiency examination. This must be approved by the Ohio Division of Watercraft unless you possess a valid merchant mariner credential issued by the US Coast Guard with at least one endorsement from the master. However, if you are exempt, carry onboard documentation of these credentials and present them to a law enforcement officer upon request.
How Much Does Boat Insurance Cost
According to Progressive Insurance, boat insurance costs in Ohio are among the most affordable in the country. This is because of the state’s shorter boating season due to harsh winters.
However, the cost of boat insurance in Ohio and elsewhere depends on several factors, with no exemption for the type of coverage chosen. The average cost of a boat insurance policy in Ohio is not mentioned specifically, but the average annual policy cost for low-cost states (like Ohio) is $263.
Therefore, it is vital to note that different insurance companies offer different rates and coverage options. The cost of boat insurance can vary based on factors such as;
- The type of boat
- Its value
- The boater’s experience
- Claims history
- Storage location
- Coverage limits
Owning a boat brings with it a freedom that only being on the water can provide. Let Ellerhorst Russell Insurance help you protect that freedom.
Our Local agents will work with you to discuss your needs and find the coverages that are right for you. With various discounts available, you can have the protection you deserve for a price you can afford. Don’t trust just anyone to protect your boat!
Choosing the Right Boat Insurance Policy
Steps you need to take when purchasing the right policy
Evaluate Your Specific Needs
Compare Policies from Multiple Insurers
Once you have a good understanding of your coverage needs, make a comparison with other boat policy insurers. By doing so, you can compare coverage, exclusions, and premiums provided by different carriers.
Therefore, you can choose the policy that meets your needs. It’s vital to note that the cheapest policy may not always be the best option. This means it may not provide adequate coverage or have high deductibles.
When comparing policies, look for an insurance company with a good reputation and financial stability, as this will give you peace of mind. You will know your policy provider will be able to pay out in the event of a claim. In addition, consider the level of customer service offered by the provider, such as the availability of support and claim processing.
On top of that, a reputable firm shouldn’t be providing only one policy. Therefore, check for other different lines of policies offered by the company, for instance, RV insurance, for maximum comparison.
The best way to do it is by checking the rating using agencies such as Defaqto or Trustpilot. These ratings are found on each insurer’s website or by searching online using the name of the insurer followed by “Trustpilot review” or “Defaqto star rating.”
Check for Exclusions
Consider deductibles
Types of Boat Insurance Coverage
List Of The Top Boat Insurance Coverages
Agreed Value Loss Settlement
Boat Equipment
This cover protects against theft or damage to any equipment permanently attached to your vessel. For instance, things like electronics, navigation and fishing equipment, as well as appliances like refrigerators and stoves.
You should be sure to review this coverage carefully because it may not include some items, such as windlasses or dinghies, that are part of your boat but not permanently attached.
Watercraft Liability
Property of Others
Emergency Towing
Boat Recovery Expense
Responsive Team
Experienced Agents
Plus a lifetime of boating.
We have the knowledge to make sure that you are
covered bow to stern
Dedicated Members
The custom protection you deserve for a price you can afford is what you should get out of your boat insurance
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