Boat Dealer Insurance

Boat dealer insurance is necessary -- boat dealers and marina owners need business insurance for their business and their business property. In the event of a disaster, accident or theft, the policies will cover losses experienced by the business owner so that they may continue doing business. In addition, general liability insurance policies are also needed to protect business owners from potential lawsuits from unintentional bodily injury accidents.

Commercial business insurance protects a business from losses and may include coverage for lawsuits that may occur as a result of running a business. Boat dealer insurance also covers a wide range of boats that may be sold at the place of business. Various boats and marina equipment that are frequently covered under an insurance policy include:

• Trailers
• Runabouts
• Houseboats
• Fishing boats
• Ski boats
• Pontoons
• Sailboats
• Classic boats
• Bowriders
• Personal watercraft, such as jet skis

The types of insurance coverage available vary from state to state, but basic coverage is primarily the same, no matter where your business is located. Basic insurance coverage includes the following:

• General liability insurance
• Physical damage coverage
• Medical payments
• Watercraft liability
• Personal watercraft coverage

Liability insurance covers your business in the event that a person on your property is injured in an unintentional act. In regards to a marina, this would cover persons shopping for boats that may slip, persons who are injured while test-driving a boat, or persons in any other unforeseen accident that results in bodily injury.

A general liability insurance policy will cover lawsuits, attorney fees and associated costs that may arise from being sued. Boat dealers definitely need a general liability policy to protect their business; beginning with the very first day they open their doors to potential buyers.

Physical damage coverage insures you against damage done to a boat while it is being transported, launched or being stored. It also protects you in the event that a boat hits a submerged item, such as another sunken boat, dock or reef. Physical damage coverage also usually includes towing, wreck removal, and a repair cost option. The repair cost option will cover the cost of necessary repairs that will return the boat to the original condition before the accident.

Medical payments will pay for reasonable costs of medical treatments for the boat owner, passengers, and water skiers being towed by the insured boat, as well as persons that are family members or guests who are swimming around the boat.

Watercraft liability covers injuries caused to other persons, such as swimmers and water skiers that are caused by the insured boat and its driver. In addition, property liability will cover damage to property caused by the boat, such as destroying someone's dock or hitting another boat or personal watercraft.

Personal watercraft coverage is similar to boat insurance for large boats. The insurance covers the trailer used to haul your PWC, the watercraft itself and medical payments. Depending on the state that you live in, you may also be able to have uninsured private pleasure watercraft coverage.

Many boat dealer insurance companies offer online quotes to individuals seeking business insurance. Online quotes can help you shop around for the best deal on your insurance before you sigh on the dotted line. Several online boat dealer insurance companies include the following:

• Global Marine Insurance
• United Marine
• Marine Insurance Coverage
• State Farm Insurance
• All State Insurance

Marina owners can find many different kinds of insurance coverage for their marinas and watercraft that they have for sale. Whether you are selling yachts, motorboats, pontoons or jet skis, there is a policy that can be tailor made for your business. If you need a policy right away, getting an online boat dealer quote on insurance rates can be the quickest route to being insured.

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