Boat/Watercraft Insurance in Delaware

While you are not required to invest in boat insurance in Delaware, it doesn't mean you shouldn't purchase this coverage. Boat insurance from Blue Hen Insurance of Middletown, DE gives you peace of mind and saves you from financial losses when boat accidents occur. Need to learn more about boat insurance? Please keep reading.

When is boat insurance required?

No law in Delaware requires you to invest in boat insurance. However, if a lender finances your vessel, they may need you to purchase boat insurance to protect your investment. Since most boaters don't have the cash to pay the lender when something happens to the boat, insurance is the surest way to safeguard the financier's interests.

Boat insurance coverage options

Like most insurance policies, boat insurance doesn't come as a single one-size-fits-all policy. It's divided into several options to help you choose policies suitable for your needs. With this in mind, these are the typical boat insurance coverage options you need to know about:

  • Liability coverage: It's one of the most important coverage options. Liability insurance covers you when accused by others of causing bodily injury or property damage. This insurance policy covers the medical costs for the injured and repairs to the damage you cause to other boats.
  • Comprehensive coverage: Similar to your car insurance comprehensive coverage, this coverage covers your boat against non-collision perils, such as fire, theft, falling objects, and vandalism.
  • Collision coverage: This policy protects your boat against physical damage after colliding with another boater or stationary object.
  • Medical payments coverage: It covers the medical costs for you and your passengers when involved in a boating accident. And the best part? It doesn't matter who was at fault for the accident.
  • Emergency assistance: When your boat breaks down miles away from the shore, this coverage comes to your rescue.

Ready to invest in boat insurance? Why don't you contact Blue Hen Insurance for an affordable policy?