Houseboat and Yacht Insurance: What’s Really Included

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

In general, after paying the applicable insurance deductibles, this form of insurance covers a number of things.

helmet coverage

This insurance covers the real physical damage suffered by the body of the boat, including the trailers of the boat, equipment and motor and boat accessories. Helmet coverage does not cover the following exclusions:

• Vessel wear

• Anything on the ship 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

Just as auto insurance includes liability that covers an at-fault accident, houseboat and yacht liability coverage protects against an at-fault boat accident. This country coverage for the repair or replacement of vessels as a result of a vessel collision at 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 at fault.

Medical payments coverage

Medical Payments coverage takes care of any medical care costs that arise due to a boating accident. The following are included in the coverage: the insured, boat passengers and water skiers. The good thing about this form of coverage is that it protects you regardless of who is at fault in the accident.

Coverage for uninsured boaters

We all know that auto 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 you are uninsured or underinsured, uninsured boater coverage protects you by paying for medical care and lost wages, as well as other expenses caused by the collision.