Boat/Watercraft Insurance in Ohio

Owning a boat means you must do everything you can to protect it, whether you are riding it or while it is parked. We offer insurance to keep your boat or other watercraft such as a jetski or motorboat protected here at Bonvenuto Financial Group LLC in Uniontown, OH.

Boat/Watercraft Insurance Requirements

You are not legally required to purchase boat insurance in Ohio, unlike auto insurance. But, if your boat is financed, you may be required to purchase a policy. Additionally, certain marinas may request to see proof of insurance.

Boat/Watercraft Insurance Coverage

Here is what boat insurance covers:

Property coverage: Property coverage can help cover repair expenses if your boat has been damaged in an accident. It can also cover your replacement costs if your boat is stolen. This coverage kicks in whether your boat is parked or in the water.
Liability: If you are found at fault in an accident that causes damage to another person’s property, this will cover the other person’s repair expenses, lost wages, and more related to the accident.
Medical payments: If you or any of your passengers are hurt while on your boat, this will take care of all medical expenses including x-rays, hospital bills, and prescriptions
Uninsured/underinsured: Similar to auto insurance, this will cover your boat if it is hit by another boater who doesn’t have insurance. If you or any of your passengers become injured as a result, this will cover medical expenses.
Personal property: This includes personal items such as clothing, electronics, etc. It also protects other things such as sports and fishing equipment if they become damaged at any point while on your boat.
Towing assistance: This will reimburse you for any expense you incur while in need of emergency assistance for your boat, as long as you are not in urgent danger. For example, this will cover towing costs to a repair center, delivery of fuel or oil, and emergency labor.