Boat Insurance Tigard, OR
Buy the right boat insurance from the experts at Schmidt Insurance Group and experience the peace of mind that comes from knowing your boat in Tigard, OR, is covered from bow to stern.
Schmidt Insurance Group opened its doors in 2019 with a goal of making insurance easy while providing exceptional customer service. We proudly serve the local Portland area as well as the entire states of Oregon and Washington. Whether you have a ski boat, sailboat, fishing boat, or jet ski, we can provide you with great insurance coverage.
Boat Insurance 101
Boat insurance policies protect your motorized watercraft, ranging from fishing boats to speedboats to luxury yachts, from damage, as well as from damage you may cause to others while boating. They typically include the following:
- Collision damage: Regardless of fault, collision coverage typically covers damage to your boat if you collide with other watercraft or objects (docks, pilings, other boats, rocks, and other marine debris, even if submerged), or if your boat capsizes. The policy may not include clean-up of wreckage, however, unless you purchase optional additional coverage.
- Comprehensive: This coverage can protect you from non-collision damage to your boat caused by events beyond your control, such as theft, vandalism, explosions, falling trees, hurricanes, lightning, or fire.
- Property damage liability: This type of coverage can help you pay for damage you cause to someone else’s boat, dock, or other property.
- Bodily injury liability: This type of coverage can help you pay for injuries you cause to your passengers and other boaters and their passengers when using your boat; and includes medical bills, lost income, pain and suffering, and legal fees.
How Much Boat Insurance Do You Need?
When deciding how much insurance to secure for your boat, you’ll want to take into consideration the type of boat, the age of the boat, the size of the boat, the size of the boat’s engine, the primary purpose of the boat, and how much the boat is worth. For example, you will most likely want more insurance on your brand-new speedboat than you would want on an old bass fishing boat.
Schmidt Insurance Group can also help you with coverage add-ons for medical payments, loss or theft of personal property like scuba gear and marine binoculars, replacement of fishing equipment, damage caused by fire, flood or oil spills, damage to a dry dock, and roadside assistance, as well as for damages or injuries cause by boaters who are uninsured or underinsured.
When Your Boat Is Not Covered
Even when you have boat insurance, be aware that there are times when your boat may not be covered. For example, if you specified that your boat would be out of the water and stored during a certain period of the year, taking it for a spin during that time will mean you have no coverage if an accident occurs.
If you are tempted to let your 13-year-old drive your boat every now and then, consider that it’s against the law in Oregon for anyone under 16 to operate a personal watercraft without being accompanied by someone 18 or older, and your boat may not be covered if an accident occurs.
If you are a boat owner in Tigard, OR, it’s important to find the right boat insurance that will come to the rescue if you have damage or theft. At Schmidt Insurance Group, our knowledgeable agents know their Schmidt! Stop by today for a cup of coffee, or call us at (503) 206-0881 for more information.
