Five Costs That Are Covered By Sailboat Insurance

Owning a sailboat is a great way to enjoy the warm weather and spend time connecting with the great outdoors. Before you can reap the benefits of one of these watercrafts, however, it is important to make sure you are covered in the event that you ever run into problems on or off the water.

Are you thinking about purchasing your first sailboat? Continue reading to learn exactly what your sailboat insurance will cover from our team at Northstar Marine Insurance.

Expenses That Sailboat Insurance Covers

1. Unexpected damages

Unlike most road vehicles, sailboats are highly susceptible to damage, even when they are docked. During a storm, it is easy for surrounding boats or other objects to come into contact with your sailboat, compromising the vessel. Additionally, when your sailboat is left in a marina with public access, it could easily become vandalized by a wrongdoer. Sailboat insurance will cover all of these damages.

2. Medical bills

If you, one of your passengers, or someone using a nearby watercraft are injured in a boating accident, the last thing you should have to worry about is covering the cost of medical expenses out of pocket. Additionally, in the unfortunate circumstance of an accidental death during a boating excursion, a comprehensive insurance plan like the one we offer at Northstar Marine Insurance will cover the associated costs. Sailboat insurance guarantees that you have access to healthcare no matter what happens.

3. Emergency tow

Whether you have a broken mast or a steering malfunction, there may come a time that you require an emergency tow to bring you back to shore. Sailboat insurance covers this so that you can worry about getting back to safety rather than thinking about the cost of this emergency service.

4. Theft

For many, owning a sailboat is a dream that takes many years of saving to fulfill. Many families and couples spend years making memories on the water, which adds sentimental value to this unique activity. Therefore, it is important to make sure you are covered if your boat is stolen so you have the means to replace the watercraft and continue enjoying your time on the water.

5. Long trips

If you wish to travel far and wide with your new sailboat, keep in mind that you will need a license to sail in other regions. At Northstar Marine Insurance, we offer the unique advantage of covering navigation extensions.

Get personalized sailboat insurance in Ontario. Contact us today!