Uninsured/Underinsured Boater Coverage 

Boating is a great way to enjoy the outdoors, but ensuring you’re protected on the water is important. Uninsured/underinsured boater insurance can help provide peace of mind, knowing that you may have financial protection in the event of an accident with an uninsured or underinsured boater.

Is Boat Insurance Required in Illinois?

In Illinois, boat insurance is not a legal requirement. However, it’s highly recommended for all boat owners. While you may not be legally obligated to have boat insurance, it can provide financial protection in the event of an accident or damage to your boat. It’s also worth noting that some marinas or lenders may require you to have boat insurance.

What Does Uninsured/Underinsured Boater Insurance Cover?

Uninsured/underinsured boater insurance may help cover costs if you’re involved in an accident with another boater who is uninsured or doesn’t have enough insurance to cover the damages. This coverage can be critical since not all states require boat insurance.

If you’re involved in an accident and the at-fault boater doesn’t have appropriate insurance, this coverage may help cover the following:

• Medical expenses—If you or your passengers are injured in an accident caused by an uninsured or underinsured boater, this coverage may help cover medical costs.
• Boat repairs—If your boat is damaged in an accident caused by an uninsured or underinsured boater, this coverage may help cover the cost of repairs.

Uninsured/underinsured boater coverage is just one optional boat insurance policy. Other types of coverage that you might consider include the following:

• Liability coverage may help pay third-party accident-related injury and property damage costs.
• Collision coverage may help cover damage to your boat in the event of a collision with another boat or object.
• Comprehensive coverage may help cover damage to your boat from non-collision-related incidents like theft or natural disasters.

Your agent may recommend other coverages, such as towing, fuel spillage, new boat replacement and wreckage removal.

When choosing boat insurance coverage, consider the potential costs of an accident. Medical bills, boat repairs and other related expenses can quickly add up, potentially costing you more in the long run than the savings from a lower premium. By adding uninsured/underinsured boater coverage, you can protect yourself from certain potential financial burdens.

Contact Us

For more information on uninsured/underinsured boater insurance or to get a quote, contact Price Insurance located in Lake Forest, Illinois.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.