Houseboat and yacht insurance: what it really includes

The insurance world classifies both houseboats and yachts in a similar class. This is why the price of the coverage, as well as the insurance conditions, are very similar. The key difference between houseboats and yachts are the following factors: the production of the houseboat makes it more difficult to navigate the waters and it is not as capable of navigating in rough seas as the yacht.

Equivalent houseboat and yacht insurance coverage focuses on the boatman’s past boating experience, use of the boats, the season in which he is on the waters, and parallel insurance rates that match the boating area in the one used.

In general, after paying the appropriate insurance deductibles, this form of insurance covers several things.

hull coverage

This insurance covers actual physical damage to the bodywork of the vessel, incorporating the vessel’s trailers, engine and vessel equipment and accessories. Hull coverage does not cover the following exclusions:

• Boat wear

• Anything on the boat that is damaged as a result of poor maintenance

Personal effects coverage

This insurance covers the personal effects of the navigator. Things like clothing, cell phones, I-pods, sports and fishing equipment, etc., are covered by this type of policy.

liability coverage

In the same way that auto insurance includes liability that covers an at-fault accident, houseboat and yacht liability coverage protects against an at-fault boating accident. This country coverage for the repair or replacement of vessels as a result of a vessel collision caused by your fault. It also covers medical care, lost wages, and any other costs that arise as a result of an accident for which you are responsible.

Medical payments coverage

Medical Payments coverage pays for any medical care costs arising from a boating accident. They are included in the coverage: the insured, the passengers of boats and the water skiers. The good thing about this form of coverage is that it protects, regardless of who is at fault for the accident.

Uninsured Boaters Coverage

We all know that car insurance is mandatory. However, in the case of boat insurance, there is no legal obligation to have the related coverage. In the event you are involved in a boating accident where the other party is at fault but are uninsured or underinsured, uninsured boaters coverage protects you by paying for medical care and lost wages, as well as other expenses caused by the collision.