Yacht and Boat Insurance Policies

The boat owner’s policy provides a combination of coverages. Most policies will provide coverage for liability, physical damage, and medical payments. Some policies offer additional coverages such as: emergency service, life salvage coverage, coverage for repairs after a loss, coverage for emergency first aid, and uninsured boater’s coverage. The emergency service might cover such items as towing, delivery of fuel, and mechanical labor in case of breakdown. Life salvage would give compensation to other people who act to save human life if a boating accident occurs. Coverage for repairs after a loss would pay any reasonable expenses for repairs to protect covered property from further loss. Emergency first aid pays reasonable expenses incurred by an insured giving first aid to others at the time of an accident.