Watercraft & Boat Insurance

Boat insurance is a specialized policy designed to protect you against the financial risks of owning a watercraft. At Overbay Insurance Services, we understand that enjoying North Carolina’s beautiful lakes and rivers is a cherished pastime, and we are here to help you take the first step toward worry-free adventures.

What Is Boat Insurance?

Boat insurance is a contractual policy that offers financial protection for you and your vessel. It may provide coverage for damages, liabilities and other expenses arising from accidents or unexpected incidents. This policy is essential for any boat owner seeking to safeguard their investment and ensure peace of mind on and off the water.

What Does Boat Insurance Cover?

Boat insurance typically covers a range of potential risks and liabilities, which may include the following:

• Liability coverage may help cover expenses up to the policy’s limits if your boat causes damage to another person or their property.

• Medical payments coverage may help cover medical expenses if you or a passenger gets injured on your boat.

• Physical damage coverage may help insure your boat from various risks and potential incidents by covering costs related to perils such as collisions, theft or vandalism, depending on chosen coverage and specific policy details.

• Uninsured watercraft coverage may help cover expenses if an uninsured boater causes damage or injury to you or your passengers.

• Emergency services coverage may help if you’re on the water and experience an emergency, such as requiring a tow to the harbor.

What Types of Boats Can Be Insured?

The specific list of boat types a policy may cover varies depending on your chosen insurance agency; however, boat insurance policies can cover a wide variety of watercraft, such as:

• Powerboats

• Sailboats

• Personal Watercraft

• Pontoon Boats

It helps to work with an insurance expert to understand the exact list of boat types that can be covered and ensure you have the proper protection for your specific needs. Our teams of agents are ready to assist you with concerns such as this.

We’re Here to Help

Protect your investment and enjoy peace of mind on the water with a tailored boat insurance policy from Overbay Insurance Services in Waynesville. Contact us today to learn more about our coverage options or to get a quote.