Boat Insurance in Oak Forest, Orland Park and Surrounding areas Throughout IL

Cast Your Worries Aside

For boat enthusiasts, the allure of being on the open water, whether for a coastal cruise, water sports or fishing trip, is unmatched. However, it’s essential to protect your investment with boat insurance to manage possible risks and uncertainties. 

What Is Boat Insurance? 

Boat insurance is a type of coverage that helps provide financial protection for boat owners in the event of various accidents, damages or liabilities associated with their boats or watercraft. 

What Does Boat Insurance Cover? 

Boat insurance policy options and requirements may vary, but they typically offer the following coverages: 

• Property damage coverage may help provide protection from damage or loss caused by a covered incident, such as sinking, fire, theft and vandalism.

• Liability coverage may help pay for property damage or bodily injuries you cause to others while driving your boat and may help cover legal fees resulting from such accidents.

• Uninsured/underinsured coverage may help pay to repair or replace your boat if it’s involved in an accident with an at-fault party who lacks adequate insurance. These coverages may also help cover medical expenses for bodily injuries you suffer from these accidents.

• Medical payments coverage may help cover medical expenses for you and your passengers if you are in an accident involving your boat, regardless of who was at fault.

Is Boat Insurance Required? 

Boat insurance requirements differ based on jurisdiction and local regulations. Some areas mandate boat insurance for specific watercraft types or under certain circumstances, while in many locations, it is not obligatory by law. Even in cases where boat insurance isn’t mandatory, assessing the potential risks and financial repercussions of being uninsured is essential. Boat insurance can help safeguard your vessel, covering damages, theft and other risks. Additionally, it provides liability coverage, protecting you financially if you’re held accountable for causing injury or property damage to others. 

How to Insure a Boat 

Contact Jordan Insurance Services & Associates to discuss your boat insurance needs. We can ensure you have the right coverage for your vessel.