Boat Insurance in Rolling Meadows, IL
Boat insurance can protect your finances in case of unexpected accidents, damage or liabilities. V Financial, LLC is here to help boat owners find ideal coverage at competitive prices.
What Does a Policy Include?
While specifics may vary depending on the insurer, boat insurance generally offers the following:
- Collision coverage can help cover repairs caused by hitting a dock, an object or another water vehicle.
- Comprehensive coverage can cover damage caused by broken glass, weather events, vandalism, fire or theft.
- Liability coverage can cover necessary expenses if you’re liable for causing bodily injuries or property damage to a third party.
Is it Required?
Illinois does not legally require boat insurance. However, some marinas may ask for proof of collision and comprehensive coverage. Lenders may also require proof of insurance if you loan or lease your boat.
How Much Does a Policy Cost?
Insurers can consider different factors when calculating your premiums. These often include:
- Boating record: You can pay lower premiums if you’re an experienced boater with no accidents or violations on your record.
- Horsepower: Boats with higher horsepower are typically more expensive to insure than those with less powerful engines.
- Type of boat: Premiums may vary depending on the type of boat that you own.
- Prior claims: Insurers can examine your claims history when calculating your rate.
- Policy details: Your deductible, endorsements, coverage limits and other selections can also influence your costs.
Talk to your agent if you’re interested in discussing possible discounts, such as for bundling multiple policies or having a clean boating record.
Get Covered Today
Contact V Financial, LLC to request a quote or explore your boat insurance options.