As a boat owner, you are likely very safety-conscious, and do all you can to avoid an accident or collision while your boat’s in one of Plymouth, MN’s waterways. But you could also have a collision on dry land while towing your boat. Depending on the nature of property damage involved, and whether injuries occur, you may find that your boat policy covers the event, or that your auto, homeowners or umbrella insurance policies come into play.
What Does Boat Insurance Cover?
Your boat insurance policy typically covers physical damage to your boat, whether it’s in the water or on a Plymouth, MN road, up to your policy’s limits. It generally will not cover damages or injuries you are deemed liable for that happen to another person or vehicle while you are towing your boat. That liability coverage may come from your automobile insurance policy. Your boat policy may cover physical damage to the trailer used for hauling if you’ve purchased separate coverage specifically for a trailer or other boat accessories. If your trailer is not listed on your boat insurance policy, you may have limited coverage or no coverage at all. Ask your Anchor Insurance Agency LLP agent about available options.
If the vehicle you used to tow your boat and trailer is damaged in an accident, your auto insurance policy’s collision coverage may help pay for repairs. If you are found liable for damage to another driver’s car, or injury to the other driver requiring medical treatment, the liability coverage in your auto insurance may cover that as well. If a passenger is injured in your vehicle while towing your boat, that would likely be covered by the medical payments coverage portion of your automobile insurance policy.
For information about what your insurance policy’s specific boat-related coverage limits are, and to make sure you’re covered both on the water and on dry land, give Anchor Insurance Agency LLP a call today.