Boat Insurance: Standard Coverages and Benefits Part One

Note: Boat insurance varies with each carrier. Engarde Financial Group has working relationships with multiple insurance carriers and with work with you to find the insurance carrier that is the best fit for you. 

When you think of your boat, you think of weekend get together with friends. You think of leisure. You think of good times. In order to enjoy the time spent on your boat, it is important to also think about boat insurance. Although boat insurance is not mandatory, it is important coverage to have for you to have peace of mind as it pertains to your boat.  

Boat insurance offers both standard coverage and optional coverage. Listed below are the usual coverages and benefits included in standard coverage.

Take a moment to think about the financial burden that would be placed on you in the event that your boat needed replaced. If your boat became damaged due to an accident or another unfortunate event, full replacement cost would cover it. 

  • Full replacement cost is the insurance used to repair your boat. This coverage is available to clients who have comprehensive and collision coverage. 

Now let us think about accidents that can affect the environment, such as fuel spills. Depending on where a fuel spill occurs and how much damage it causes, a fuel spill from your boat can incur hefty penalties and expenses.  

  • Fuel spill covers fuel spills occurring from mishaps such as a leaking tank or a sunken boat.

Although we don’t want to think about the unfortunate events in life, we must be prepared to handle these events if they arise. 

  • Bodily injury & property damage covers expenses incurred in the event of an accident that causes damage to property or injury to people. 

Obtaining boat insurance ensures peace of mind while enjoying one of your favorite past times; boating. Contact Engarde Financial Group at 412-533-2373 to discuss boat insurance today. 


Engarde Financial Group is positioned to educate and serve its clients with other insurance coverages.

We understand that your personal items that you possess are of significance to you. Here at EFG we look at every situation differently. When it comes to your needs there is no such thing as one size fits all. Speak to a insurance professional today so that we can design a policy to cover all the things you love.

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