There are various types of boat insurance policies. You can only insure your boat with a WA coverage or additional cover. With a boat insurance, the more extensive the cover, the higher the costs are. The cheapest insurance policies are therefore mostly WA insurance policies. But a liability insurance does not cover all risks.
Small boats with less 4 horsepower do not have to be insured under WA. In some cases this is covered by the private liability insurance, provided you have closed it. This can vary per insurer. So if this is not covered by your private insurance, it is always wise to take out a third-party insurance cover.
WA boat insurance
With liability coverage, only the costs of material damage and / or personal injury caused by others are reimbursed. In the event that you also have damage to the boat, this will not be reimbursed with a third-party boat insurance.
Additional boat insurance
It is a consideration of whether or not to additionally insure your boat. The assessment depends on the value of your boat, how often you sail and whether your financial situation can bear any unexpected costs. This is different for every boat owner. With a supplementary boat insurance you pay extra premium. The exact meaning of supplementary insurance varies per insurer. Consider, for example, what you want to insure: the contents on board, theft, fire or, for example, lightning. The amount of the reimbursement and the coverage vary per provider. Ultimately, you decide for yourself which type of insurance suits you and your boat. Get well informed about the options and options at various boat insurers.