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As a general rule, Yassa Agency insures powerboats, sailboats up to 40 feet and watercraft like jet skis and wave runners.
Why do you need insurance for your boat or personal watercraft?
You'll enjoy the water ever more when you're not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:
If you're in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
If you or any passengers are injured in an accident, medical costs can be extremely expensive.
If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
Your watercraft also needs protection when it's on land. When most boats are stolen, the motor and trailer are also lost.
Things to consider and questions to ask your agent
Your Independent Yassa Agency Agent is an advocate for finding insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:
How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen? (Ask your agent what your cost savings would be if you raised your deductible.)
Is my boat or watercraft covered for use year-round?
What discounts and programs are available? (Ask about discounts for taking safety classes, having multiple policies and diesel power.)
How much medical insurance and liability coverage is enough?
Do I have coverage if I need to have my boat towed in an emergency?
What's the process for filing and settling a claim?
Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
Why do you need insurance for your boat or personal watercraft?
You'll enjoy the water ever more when you're not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:
If you're in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
If you or any passengers are injured in an accident, medical costs can be extremely expensive.
If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
Your watercraft also needs protection when it's on land. When most boats are stolen, the motor and trailer are also lost.
Things to consider and questions to ask your agent
Your Independent Yassa Agency Agent is an advocate for finding insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:
How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen? (Ask your agent what your cost savings would be if you raised your deductible.)
Is my boat or watercraft covered for use year-round?
What discounts and programs are available? (Ask about discounts for taking safety classes, having multiple policies and diesel power.)
How much medical insurance and liability coverage is enough?
Do I have coverage if I need to have my boat towed in an emergency?
What's the process for filing and settling a claim?
Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
Lowering the Cost
You Can Take Action to Lower your Insurance Costs
How much you pay for insurance depends on many factors. Following the suggestions listed below may help you lower the cost of insurance for your watercraft.
Before you buy a boat or personal watercraft, check with your agent to see what it will cost to insure it. Expensive craft cost more to repair, maintain and insure.
Take a class. You may receive credits of up to 15% for completing a Coast Guard Auxiliary or U.S. Power Squadron course.
Insure with one company. The more policies you have with a company, whether it's for your cars, boat or home, the more substantial savings you may get.
Increase your deductible. By raising the amount you pay out-of-pocket for losses, you can save more on your auto policy. Ask your agent to explain the trade-offs.
How you pay can also influence the price you pay. Yassa Agency's most convenient plan is the Checkless Payment Plan, where your monthly premium is deducted automatically from your checking account. You can also pay your entire premium in full either by check or credit card.
Understanding Insurance Terms
Insurance Jargon Can Be Even More Confusing Than Nautical Terms
We know the language used by the insurance industry can be confusing. That's why we want to make sure that you clearly understand your options and know precisely what you're paying for. Here are the terms we use. (Most policies are a combination of several of these coverages.)
These protect you and other people
Broad Form Liability Coverage
This coverage helps to protect you from expenses related to injuries or property damage you or your watercraft cause in an accident. Yassa Agency's policy also covers certain accidental fuel spill liabilities and wreckage removal. When choosing liability coverage, consider how much money you make and the property you own. Your liability coverage should be high enough to protect you if you are sued after an accident.
Medical Coverage
This coverage provides for necessary medical expenses for you and your passengers that are the result of an accident. People who frequently carry a boat full of passengers often carry a higher amount.
These protect your boat or personal watercraft
Physical Damage Coverage
This typically pays to repair the damage done to your watercraft due to an accident. It also generally pays to repair or replace your watercraft for insured situations such as theft, fire, vandalism or other non-collision damages that occur in or out of the water.
Unattached Equipment Coverage
This pays to repair or replace equipment that isn't permanently attached to your boat or personal watercraft. This includes items like life jackets and water-skis.
Emergency Assistance Coverage
This pays for the cost of towing or emergency service.
You Can Take Action to Lower your Insurance Costs
How much you pay for insurance depends on many factors. Following the suggestions listed below may help you lower the cost of insurance for your watercraft.
Before you buy a boat or personal watercraft, check with your agent to see what it will cost to insure it. Expensive craft cost more to repair, maintain and insure.
Take a class. You may receive credits of up to 15% for completing a Coast Guard Auxiliary or U.S. Power Squadron course.
Insure with one company. The more policies you have with a company, whether it's for your cars, boat or home, the more substantial savings you may get.
Increase your deductible. By raising the amount you pay out-of-pocket for losses, you can save more on your auto policy. Ask your agent to explain the trade-offs.
How you pay can also influence the price you pay. Yassa Agency's most convenient plan is the Checkless Payment Plan, where your monthly premium is deducted automatically from your checking account. You can also pay your entire premium in full either by check or credit card.
Understanding Insurance Terms
Insurance Jargon Can Be Even More Confusing Than Nautical Terms
We know the language used by the insurance industry can be confusing. That's why we want to make sure that you clearly understand your options and know precisely what you're paying for. Here are the terms we use. (Most policies are a combination of several of these coverages.)
These protect you and other people
Broad Form Liability Coverage
This coverage helps to protect you from expenses related to injuries or property damage you or your watercraft cause in an accident. Yassa Agency's policy also covers certain accidental fuel spill liabilities and wreckage removal. When choosing liability coverage, consider how much money you make and the property you own. Your liability coverage should be high enough to protect you if you are sued after an accident.
Medical Coverage
This coverage provides for necessary medical expenses for you and your passengers that are the result of an accident. People who frequently carry a boat full of passengers often carry a higher amount.
These protect your boat or personal watercraft
Physical Damage Coverage
This typically pays to repair the damage done to your watercraft due to an accident. It also generally pays to repair or replace your watercraft for insured situations such as theft, fire, vandalism or other non-collision damages that occur in or out of the water.
Unattached Equipment Coverage
This pays to repair or replace equipment that isn't permanently attached to your boat or personal watercraft. This includes items like life jackets and water-skis.
Emergency Assistance Coverage
This pays for the cost of towing or emergency service.
back to For You or Your Family
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