Watercraft & Boat Insurance
Watercraft & Boat Insurance Information
Boat insurance can help provide financial protection against damage to your boat and liability for accidents on the water. The agents at Overbay Insurance Services can help you get appropriate boat insurance coverage. Contact us today to get a personalized quote.
What Are the Boat Insurance Requirements in North Carolina?
In North Carolina, boat owners must maintain minimum liability insurance for bodily injury and property damage. Boat owners who have financed their vessels may also be required by their lender to carry additional insurance coverage.
How to Choose the Right Boat Insurance Coverage
Using an independent insurance agent can be a helpful way to choose the right boat insurance coverage. Working with an agent specializing in boat insurance with experience in the marine industry is essential.
Discuss your boating needs and budget to determine the appropriate level of coverage. Consider factors such as your vessel type, size, intended use and location to identify any unique risks that may require additional coverage.
Review the available insurance policies with your agent to ensure they provide the appropriate coverage and meet your needs. Your agent can help you get quotes from multiple insurance carriers to compare prices and coverage options before selecting a policy.
How to Save Money on Boat Insurance
Here are some tips that may help you save money on boat insurance:
- Consider taking a boating safety course as many insurance companies offer discounts for those who have completed a course.
- Bundle your boat insurance with other policies, such as auto or home insurance, to receive a multi-policy discount.
- Consider a higher deductible, which can lower your premiums.
- Install safety features on your boat, such as a GPS tracking system or an alarm, to potentially lower your premiums.
- Shop around and compare rates from different insurance carriers, as premiums can vary significantly between companies.
Contact Overbay Insurance Services in Waynesville, North Carolina, to get appropriate boat insurance at a great rate.