Boat/Watercraft Insurance in Michigan

There is nothing like boating in Michigan in the Spring, Summer, and even Fall months. People all over the state enjoy boating on Lake Michigan, Lake Huron, Lake Erie or the many lakes scattered throughout the area. While Michigan does not require boaters to have boat and watercraft insurance in order to operate the Atlas Insurance Agency recommends coverage so you can protect your family, friends, and property in case there is an accident.

Common Boat and Watercraft Insurance Coverage

Just like automobile insurance, there are multiple coverages that you can purchase. These include:

Fuel Spill Liability

In the instance that your boat sinks or incurs serious damage, fuel or oil could leak which makes you liable as the owner. This coverage pays for the time and money to clean up the spill.

Liability Coverage

Like automobile insurance, personal liability coverage protects other boaters if you are at-fault in an accident on the water. This coverage pays to replace or repair another individual’s property, lost wages, medical care, and other incurred costs.

Physical Damage Coverage

Physical Damage Coverage pays to replace or repair your watercraft, permanently attached equipment, its motor, or your trailer if damaged or stolen.

Unattached Equipment Coverage

This coverage pays to replace or repair equipment that is not affixed to your personal watercraft or boat but designed for use on the vehicle. Common items include water skis, lifesaving equipment, fire extinguishers, tarps, and anchors.

Uninsured/Underinsured Watercraft Injury Coverage

Since boat insurance is not mandatory in Royal Oak MI, many boaters choose not to get coverage. Therefore, if you are in an accident with an uninsured or underinsured boater and there is damage to your boat or you are injured, this coverage pays lost wages, medical care, and other associated costs.

If you just purchased a boat or watercraft, or are looking for a new policy, stop by the Atlas Insurance Agency in Royal Oak, MI! Our experienced staff is standing by ready to answer all your questions and find the best policy for your needs.