The cost of boat insurance will depend on many factors including type of coverage, the cost and model of your boat, and how you plan on using your boat.
When choosing a boat insurance policy, the cost will depend on a variety of factors.
Here are the different types of coverage that could be included in motorboat insurance policies.
Liability coverage can help you cover expenses if you cause an accident which damages another person’s property.
This type of coverage will cover any medical payments should you or any of your passengers incur any injuries whilst on the boat. This can include any medication, X-rays or scans and any unexpected hospital bills.
Uninsured watercraft coverage will cover you for any costs should you collide with an uninsured or underinsured boater. Should this happen, the policy will cover any expenses associated with bodily injuries as well as property damage.
Taylor Watkins offers bespoke insurance policies which vary on a case-by-case basis. If you are concerned about any additional components such as special equipment, boat trailers, towing coverage or any boat accessories, you can include this when requesting a quote. Other potential elements to take into consideration are the cost of fuel spills or the cost of wreckage removal should there be an accident on the water.
Your motorboat policy will be issued on an agreed value basis, so in the event of a total loss claim you will be paid out what you insured the vessel for.
We offer up to £5 million Third Party Liability cover, up to 25% No Claims Bonus (with some insurers offering the option to protect this) and the option of excess waiver cover on certain policies, meaning you will not pay an excess in the event of a claim.
At Taylor Watkins we want to get you covered as quickly as possible. Apply online today or give us a call and we will get back to you as soon as possible with a quote, usually the same day. We can get you covered within a matter of days.
If cruising within the UK or Europe, you are likely to be offered an instant quote online which can be purchased immediately.
All quotes are no obligation, free to apply and tailored to your requirements.