Boat Insurance in Colorado

If you’re looking for a fun way to spend the weekend, a boat is an excellent investment. There is nothing better than enjoying some of the beautiful lakes that Colorado has to offer. If you’re spending your time fishing or just relaxing on the water, it’s important that you have insurance protection for your boat.

At Longevity Brokers, we know that navigating the insurance waters (pun intended) can be a complicated process. There are dozens of different insurance policies and hundreds of factors to consider, but it’s important that you have quality insurance plans in place. You never know what’s going to happen tomorrow, and don’t let some act of nature leave you up the creek without a paddle. At Longevity Brokers, we are proud to provide all types of quality insurance plans to protect everything from your home to your watercraft.

What does Boat Insurance Cover?

When you’re applying for boat insurance, it can be a tricky process. It’s much more complicated than applying for other plans like an auto insurance policy. With some insurance companies, they are going to require that you submit a survey to show where you will be driving your boat, and the insurance company will only cover your boat for 100 nautical from where you dock your boat. More than likely, since you’re going to be taking your boat on a lake, you won’t have to worry about one of these surveys.

The coverage for your boat is going to operate very similar to an auto insurance plan. There are several different categories of coverage inside of a boat insurance plan. The categories are collision, property damage liability, comprehensive, and bodily injury. Every boat insurance policy is going to be different, which means that some plans are going to have different additional coverage based on the plan.  The amount of your coverage is going to depend on your coverage limits, your boat’s value, the deductibles and much more.

How much does Boat Insurance cost in Denver, CO?

Now, let’s get down to the dollar amounts for boat insurance. Just like with every other type of insurance policy that you can buy, there are dozens of factors that are going to impact how much your monthly premiums are for the plan. It’s impossible to say EXACTLY you will pay for your plan, but we can give you a rough idea of your annual premium.

A policy can range anywhere from $60 to as high as $500 every year (don’t worry, you won’t be paying that much for your boat insurance). Some of the factors that the insurance company is going to look at is the type of boat and the age of it, the size of the motor compared to the size of the boat, how you’re going to be using the boat, either seawater or fresh water, and how often you’ll be using the boat.

Because you’re going to be hitting the lakes of Denver, Colorado and the surrounding areas, you’re going to have cheaper premiums than a lot of other boat owners across the nation. Your premiums are going to be towards the lower end of the spectrum. If you only plan on using the boat during the summer, you’ll get even lower premiums.

Getting Affordable Boat Insurance

There are a few ways that you can get better rates on your boat insurance, which is going to mean more money in your pockets. One simple way to trim down your rates is to take a boating safety course. These courses only take a few hours and will go over the basic of how to safely operate a boat. It can save you some money on your insurance plan, which is worth the hours on a Saturday.

Another way that you can save money on your boat insurance is to bundle your coverage. Most insurance companies will offer a multi-policy discount, which means that the more plans that you have with that company, the more money that you’ll save for your plan. Just because your insurance company offers a bundle discount doesn’t mean that you should automatically buy your boat insurance from that particular company. Every insurance company is different, and all of them have different rating systems that they will use to calculate your premiums. If you want to ensure that you’re getting the lowest boat insurance premiums, you’ll need to compare dozens of companies before you decide which one is going to work best for you.

Boat Insurance and Longevity Brokers

At Longevity Brokers, we are dedicated to providing the Denver, CO area with quality insurance. It’s our mission to ensure that you and your family have the protection that you need from whatever life throws at you tomorrow. If you have any questions about boat insurance, please contact one of our experienced agents today. We would be happy to answer those questions and connect you with the best plan to meet your needs.

Not only can we help you insure your boat, but we also can connect you with quality homeowner’s insurance, auto insurance, and life insurance. We have dozens of quality plans to protect every area of your life. Give us a call at (720) 209-4598 or use our contact page and one of our agents will respond as quickly as possible.

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