Protecting Families & Business in Mississippi

Biloxi: (228) 354-0877 | Gautier: (228) 471-0588 Ocean Springs : (228) 266-2227 | Gulfport: (228) 863-2268

Biloxi: (228) 354-0877 | Gautier: (228) 471-0588 Ocean Springs : (228) 266-2227 | Gulfport: (228) 863-2268

OakTrust Insurance The Name for Better Boat Insurance

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Boat Insurance: Keeping Your Assets ‘Afloat’ on Stormy Seas

No responsible, civic-minded driver anywhere would consider getting behind the wheel of a car without proper auto insurance. If you’re a boat owner, taking to the water without adequate coverage is no less risky.

Owning a boat or watercraft is loads of fun, such as water, sun, and memories. Boat ownership does comes with serious responsibilities, risks and liabilities. If you own a boat, you also need to secure proper coverage to protect not only yourself, but also your family, your property and investments, too.

You’ve also got an obligation to others sharing the water with you. Suppose you were in an accident out on the water for which you’re judged legally liable for damages and/or injury to others. What would happen if you didn’t have proper boat insurance? Financial ruin is a real possibility. Don’t let it happen!

What Does Boat & Watercraft Insurance Cover?

Typically, boat insurance policies cover the most common perils related to physical damage to the boat:

Standard boat and watercraft policies also provide reimbursement for damage to numerous items related to boating. Such items include the boat itself, of course, and the motor too. Coverage also extends to the trailer deployed to tow the vessel to water. The list of covered items also includes equipment permanently attached to the boat, along with anchors, oars, trolling motors, extra fuel tanks, tools, removable canopies, seat cushions, life jackets and preservers, skis and tow ropes, dinghies, and more.

Many watercraft insurance policies also cover labor costs for repairing and/or replacing the boat and any related equipment. Most standard boat insurance provide basic liability coverage, too. Mississippi law doesn’t require boat coverage, but to not carry some degree of coverage is not worth the risk.

How Much Does Boat & Watercraft Insurance Cost?

Premium costs for a  b oat  and watercraft policy wi ll depend on the agreed-upon values of the policy ,  chosen deducti b l e s , insura b ility, and other factors .  In this way,  b oat insurance is quite similar to other policy types.  

Does Mississippi Require Boat Insurance?

Technically, no. However, Mississippi law isn’t the only factor to consider. If you purchase your boat on loan, for example, the creditor will likely stipulate that you maintain boat coverage. Many boat owners store their vessels at marinas or boatyards. Such facilities also routinely require owners carry a certain degree of boat insurance.

Need another compelling reason to carry boat insurance? How about this: It just makes sense. Protecting your passengers and property, and looking out for the wellbeing of your neighbors is, quite simply, the right thing to do. And what about the financial aspect of boat ownership? For many people, owning a boat can represent a sizable investment. If your boat were totaled in an accident, do you have the liquid assets to simply replace it without insurance monies?

Contact OakTrust Insurance Agency Inc for a Free Quote on Boat Insurance

OakTrust Insurance offers free, comparative quotes on personal boat and watercraft insurance from multiple insurance carriers, assuring you of the best possible rates. Want to see how much we can save you? For a free online boat insurance quote, complete the quote form on our contact us page or call OakTrust Insurance Agency today at (228) 354-0877!

Locations

Biloxi Office

14507 Lemoyne Blvd Biloxi MS 39532 Phone: (228) 354-0877 Map & Directions

Gautier Office

2012 US-90 Gautier MS 39553 Phone: (228) 471-0588 Map & Directions

Gulfport Office

2413 14th St Gulfport MS 39501 Phone: (228) 863-2268 Map & Directions

Ocean Springs Office

2900 Government St Ocean Springs MS 39564 Phone: (228) 354-0877 Map & Directions

Welcome to OakTrust Insurance Agency. Established in 2003, we are located on the Mississippi Gulf Coast and have many satisfied customers throughout the state of Mississippi. Feel free to call or email us for a free quote.

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