Buying boat insurance coverage in Virginia is easy. But finding the right coverage for your boat depends on what type of boat insurance policy you buy. It is very common for a homeowner that buys a boat to simply attach the boat to their homeowners insurance policy. It is simple and easy to do. And it usually costs a few bucks less than a stand alone boat insurance policy. However, as you are about to see, there are major shortcomings with coverage using that strategy.
When you compare a stand alone boat insurance policy versus a boat attached to a homeowners policy (HO), there is no comparison! Stand alone boat insurance coverage wins over a boat attached to a HO every time:
Other coverages not usually found on a HO policy that are usually found on a stand alone boat insurance policy:
*** Bonus tip: With most stand alone boat insurance policies, you get a discount for taking a safety course. Now that the state of Virginia has required all boat operators to take a boat safety course, this helps close the premium gap between the two. So be sure to inquire about the boat safety course discount.
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Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..