P. (248) 682-0077
F. (248) 682-0078

Boat Insurance

Boat Insurance Explained

Enjoying a get-away with family and friends at the local lake is part and parcel to many in making fond memories. However, there is always the possibility of an accident ruining what is meant to be a time to cherish. Good boat insurance can be a deciding factor in turning a holiday gone rogue into something far less troublesome and therefore manageable. Taking the step in ensuring that you are properly covered can protect you and your family financially from any of a myriad of potential vacation (and life) destroying liabilities.

 

What Is This Coverage?

Boat insurance is just what the name obviously suggests; it covers you and your boat against potential legal claims and other loss-inducing events whether your boat is on land or in the water.

Who Benefits?

When purchasing good boat insurance, it is wise to investigate what can be covered and what might not be. Policy coverage is available for all types of boats, be they sailboats, fishing boats, power yachts, pontoons, luxury yachts, personal watercraft, and others.

How It Functions

Insurance for boats is usually sold as a package with options available as add-ons. Coverage generally comes in two forms. One is determined by “actual cash value,” which is the present value taking into account depreciation. The other option is known as “actual value,” which is an agreed-upon value when the policy is bought. The latter will have generally higher premiums.

Different Kinds of Coverage Available

The basic insurance package will cover many things, but it is also a good idea for many to also consider the many options offered, such as the removal of wreckage and for towing, as well as cleanup services should there be an oil spill, which can be very costly.

Usual coverage includes the following:

  • Collision- This is what compensates for the repair of damages or for the replacement of the boat.
  • Property Damage Liability– This pays out for damages to other boats or docks and other damaged structures.
  • Bodily Injury Liability– This covers medical bills for those who are hurt or killed, as well as for lost income, pain and suffering, and other legal expenses.
  • Comprehensive – This pays for damages to your boat that are not the result of an accident, like theft, vandalism, fire, etc.
  • Other Coverage Options– There is supplemental protection for special electronic or fishing equipment, for hurricane and other severe storms, roadside assistance, and protection from uninsured boaters.

Big Benefits

Good boat insurance provides coverage for almost any type of loss-causing incident. Mandated options vary from state to state, and special coverage may be required if you keep your boat in a harbor. Various discounts are offered to help save money on whatever coverage you might choose.

Get a free estimate on this policy

Good customer service and rates for both home and auto.
Ruth
Ruth
Joe was so kind and helpful when I reached out with questions concerning my auto ins. He gave me honest, no pressure advice that I was very appreciative of. Looking forward to working with him in the future.
Meteor Burger
Meteor Burger
John and his Team are always there to help us out. We carry various insurance policies we bundle and they make sure we are always getting the best service. I would recommend this team to everyone!
Mary Milsk
Mary Milsk
Shannon is the Best. Make sure you call "Young Insurance" because she use to work for Look Insurance but after she branched out and away from Look, they took her telephone number away and if you call that number a snotty guy will answer and won't give you any information on how to get in contact with Shannon. He seems that he doesn't like the fact that she is doing very well and offers a better insurance rate. So keep that in mind when looking her up.
Tim Simmons
Tim Simmons
Best of the best. Shannon is a gem that has gone above and beyond for my wife Lori West over the years. She just helped me get the best priced policy and is so very pleasant to work with. Larry also spoke with me and helped with our concerns. A. Young is by far the best. Thank you!
Phil West
Phil West
Super responsive, and dedicate their time to explain any questions you have. On top of the great service, they got me a great deal. If you're looking for a new insurance agency this is it.
M Rut
M Rut
20 years old and they got me the best rate!
Joseph Kovalchik
Joseph Kovalchik
Working with the agents here is a breeze. Best rate for the right coverage!
Andrew L
Andrew L
The staff is very knowledgeable and helpful and always takes the time to help me with my problem. I highly recommend them.I had occasion to change over my home insurance to A.Young Agency, and once again I was met with exceptional service by Joe LeDuc and Christine the office manager. They make one feel like they are family and go above and beyond to make one’s experience easy and stress-free. I highly recommend them.
Anne Lee
Anne Lee
All staff are very responsive and helpful great agency
Eric Doty
Eric Doty
Shannon is fantastic. She always takes time to acknowledge me when I stop in. The team there is friendly and I feel like they, although very professional, have a very personal investment in their business. 🥰
Mark Rouleau
Mark Rouleau
I've know John for many years and he's a Great Guy who knows his stuff.
M.C. Cawley
M.C. Cawley
I absolutely love this insurance company! They always call when there's a better deal available to save me money! This company keeps in touch and cares about their customers and even remembers my birthday and sends a birthday card! If there's a problem with the account they're quick to investigate. They always have a solution! Thank you A Young I love all of you! Even though the pandemic has been hard on my family you always know how to make me smile! GOD BLESS YOU ALL!
Lillie Collins
Lillie Collins
Working with Young Insurance is a pleasure.staff is friendly,knowledgeable,and will work with you to get the insurance you need at the best rates.
Kevin Cavanaugh
Kevin Cavanaugh
I just love Shannon, she's the best!! She works so hard to get the best rate for me.I would highly recommend this company.
Barb Genta
Barb Genta
Got me what I needed, when I needed it and at the price I needed.
Dale Hartzfeld
Dale Hartzfeld
Nice friendly local place for insurance
Kathleen Hoadley
Kathleen Hoadley
Joe is the best! Friendly staff that cares about you. I felt like family. Really appreciate the guidance and ease of switching insurance companies. Thank you - Nikki
Nikki Quintanilla
Nikki Quintanilla
Everything we buy in life has three parts to it.Service, price and quality. Normally, one can only expect two out of three. Very rarely do you ever get the total package. A Young Insurance is an insurance company~ that has excellent service , excellent quality and excellent prices! 10 🌠
Tracy Richardson
Tracy Richardson

1400 Scott Lake Road, Suite AA
Waterford, MI 48328