Wisconsin is home to about 15,000 lakes and ranks in the top 10 states for boats per capita. There’s a good chance that if you’re reading this and you live in Wisconsin, you own some type of watercraft or are thinking of buying one. Whether it’s a fishing boat, speed boat, pleasure boat, pontoon, jet ski, canoe, row boat or other floating vehicle, make sure it’s properly insured. A boat insurance policy through Philleo can insure your boat, its motors, and the trailer it’s hauled with on against most risks. Having an insufficient watercraft insurance policy could sink your wallet if property is damaged, a person is injured – or worse.
Boat and Watercraft Risks
When you’re out on the water, you might just be having fun and not really thinking of the risks. The boat could capsize, collide with another watercraft, hit a submerged hazard, get caught in a storm, even catch on fire. It is vital to do what you can to protect your boat and your crew, as well as your assets should something happen.
Wisconsin Boat Insurance Requirements
Wisconsin doesn’t currently require insurance coverage for boats or other personal watercraft, except in the case of commercial fishing boats. Even so, many vessels can be expensive, and an accident for which you are found to be responsible could be even more expensive for you. Additionally, if your boat was damaged by vandalism, stolen or damaged in storage, you’d be out of luck without insurance.
A comprehensive boat insurance policy that includes liability can protect you financially and help you replace your boat should something happen. The minimum liability coverages we recommend are a minimum of $500,000, but certainly we offer higher coverage insurance policies. In addition to comprehensive watercraft insurance, further insurance coverage options could be helpful, including:
- Reasonable repairs: Pays for repairs to protect covered property from additional damage.
- Emergency service: Pays for reasonable expenses accrued as a result of emergency services rendering aid.
- Wreck removal: Pays the reasonable costs for attempted or successful raising, removal, or destruction of the wreck of an insured watercraft.
Looking for something a little different or more specific? Philleo also offers renters ATV insurance, RV insurance and other recreational vehicles.
Bundle for Watercraft Insurance Savings
Philleo Agency Insurance offers a range of policies from which to choose and some discounts are available when you bundle your watercraft insurance with other policies, such as your auto insurance or even homeowners’ insurance policy. Ask your Philleo insurance agent about how much you can save by bundling multiple policies together.
Contact Us Today for a Boat Insurance Proposal
Contact Philleo for your free watercraft insurance proposal and advice on your coverage options. Our experienced team can help you find the right coverage to protect your boat or other watercraft. Call us today to get started.