Michigan Boat & Watercraft Insurance | NBOA Michigan Boat Insurance

The Best Rates In Michigan

From America’s experts in boat insurance since 1984.

When insuring or purchasing your boat in Michigan, it is important to remember that there are many reasons why insurance from different states may be different. One of the main reasons is the higher risk of damage to objects submerged or hidden in the water, such as varmint and muskrat, due to ice and freezing. Therefore, the leading boat insurance company in the US, Marine NBOA Insurance, wants to remind you that boating in Michigan during the summer and spring months is quite unique and requires special attention.

Here are some aspects to consider when it comes to boat insurance in Michigan:

During the winter months, it may be necessary for you to relocate your boat to an indoor storage facility.

Companies might limit the dimensions and value of the ship they are willing to provide insurance for in order to protect themselves from unforeseen financial setbacks.

Canadian waters may be incorporated, or encompassed at an extra expense.

Sailboat proprietors receive recognition because sailboats are not as perilous as powerboats.

Some insurance companies require an underwater inspection for older boats, typically those that are around 20 years old, to determine their eligibility for coverage.

A credit may be applicable for vessels with an extended lay-up duration (when the vessel is stored during the winter).

In most cases, carbon fiber must be completely replaced, but it is stronger and lighter. If carbon fiber is used for the mast, a separate deductible may be required, especially for a sailboat mast.

Certain insurance providers may refuse to cover catamarans due to the difficulty in uprighting them after capsizing, similar to a sailboat.

A backup engine in the event of emergencies may be necessary or awarded a credit when assessing sailboats.

Exclusion of damage caused by muskrats or other pests may be done during the winterization of the boat.

Exclusion of freezing or ice damage may also occur if there is proof of inadequate winterization.

Navigation restrictions may be limited to inland lakes and rivers, excluding the Great Lakes.

When it comes to ski boats, make sure that waterskiing is not excluded from your policy coverage.

Bass boats should also have tailored protections because of the valuable fishing gear, chartering, navigation, and velocity.

Insuring your boat today and protecting your investment for the future is crucial because boating is one of the greatest aspects of living in Michigan. If you have any personal concerns, please contact us as these features may not apply to every carrier. For more information about boat insurance, feel free to contact an experienced agent at NBOA Marine insurance at 1-800-248-3512 or complete a quote online.