Owning a boat in Massachusetts is an excellent way to enjoy time out on the water. It’s also a good idea to make sure that your craft, as well as its trailer, is fully insured. This will protect you from liability if you have an accident while hauling your trailer. Several types of policies can help you meet this need.
Boat coverage
The most obvious policy that can afford protection against the economic effects of boating accidents would be boat coverage. This policy insures against physical damage to your boat, whether in the water or on the road. Coverage will extend to the limits of your policy.
However, there are some disadvantages to take note of. For example, a typical boat coverage policy will not provide coverage under certain circumstances. These include if you are found liable for damages to another vehicle or person while hauling your boat.
Auto coverage
If you are found liaible for damages while hauling your boat, you can usually handle it with an auto coverage policy. This includes such scenarios as the other driver requiring medical treatment.
You may be required to list your trailer on your policy. In this case, you will also have to pay extra for collision and comprehensive coverage limits that apply. If you fail to list your trailer, you may have limited coverage or no level of coverage at all.
Personal umbrella policy
You may also wish to cover your boat trailer accident under a personal umbrella policy (PUP). This can give you liability protection that extends past the limits stated in your other policies. A PUP can also protect you if you should be found liable for damages caused by an accident while you are hauling your boat.
