New Hampshire Boat Insurance in Meredith, Laconia and Gilford NH

A small boat, such as a canoe or other un-motorized boat, is typically covered under the personal property portion of your homeowners insurance policy. If you own a larger, faster boat, you’ll need a separate boat owners insurance policy. A typical NH boat insurance policy is designed to protect your boat, motor, equipment and passengers. It affords similar coverages to those you typically have for your car including:

Physical Damage:

According to the U.S. Coast Guard, each boating accident in 2010 resulted in an average of $7,602 worth of property damage. Physical damage coverage insures your boat, motor, boat trailer, boat equipment (anchors, oars, fuel tanks, life jackets, dinghies, tools, etc.) and other personal property against theft, accidental loss or
damages.

Liability (Two principal liability coverages are included):

o Personal Liability – A boatowners insurance policy provides protection for legal liability and pays, up to the limit of your policy, the legal obligations imposed upon you due to an accident resulting from the
ownership, maintenance, or use of your watercraft, including bodily injury, property damage and legal defense.

o Medical Payments– This pays medical expenses, up to the limits in the policy, including the insured’s boating-related medical expenses from an accident arising out of the ownership, maintenance or use of the boat.