Boat/Watercraft Insurance

Colorado is well known for its picturesque lakes and landscapes. Boats and watercraft are an excellent way to enjoy this natural beauty. Before you hit the water, you should consider insurance with Hometown Insurance.

Is Boat Insurance Necessary?

You may be wondering if you need boat insurance. Boat insurance is designed to cover motorized boats, boats with sails, and personal watercraft.

Colorado doesn't require boat insurance by law. However, your lender will likely require boat insurance if you have a lien on your boat. If you want to use a marina, they may also require you to have a boating policy.

In addition to these situations where boat insurance may be required, it's a good idea to protect your investment. Accidents happen. Boat insurance will protect your assets from liability claims. It can also replace or repair your boat if it's damaged during an accident.

What Does Boat Insurance Cover?

What your boat insurance policy covers will depend on the type of coverage you have. The two main types of boat insurance are liability and full replacement coverage.

Liability Coverage

Liability coverage will cover any damage to other's boats or property if you are at fault in an accident. This includes injuries to others and legal expenses if you are sued.

Full Replacement Coverage

Full replacement coverage will repair or replace your boat if you are at fault in an accident. This is known as collision coverage. It also covers damage to your boat when it isn't on the water. This includes vandalism, theft, and non-water accidents. Lenders typically require this coverage.

Additional Coverage

You may also choose additional coverage. This can include fuel spills and wreckage removal. These policies cover the cost of cleaning up fuel spills or removing your damaged boat from the water.

Boat and Watercraft Insurance in Colorado

If you need coverage for your boat or personal watercraft in Colorado, contact Hometown Insurance. Our agents will discuss your policy options and help you choose the best coverage for your needs.