If you’re at fault for a boating accident, your mind immediately jumps to legal and financial liability. You start running through scenarios, wondering how your policy will actually respond.
So what’s the reality? Does boat and watercraft insurance still apply when you’re the one at fault?
Our team at Insurance Solutions LLC is here to help Omaha, NE, water-lovers get a clear answer.
Being At Fault Doesn’t Nullify Your Coverage
If you’re responsible for an accident involving a boat or other watercraft, your insurance doesn’t automatically disappear. Your policy is generally still applicable.
What pays out, and how much, depends on whether the damage affects your own vessel, someone else’s, or another person entirely.
- Liability coverage steps in when you’re at fault, helping pay for property damage, such as repairing a dock, pier, or another boat, along with medical bills, lost wages, and other costs tied to bodily injury.
- Collision coverage, available with physical damage insurance, helps cover the cost of repairing or replacing your vessel if it collides with another boat or a submerged object.
Where Coverage Typically Stops
Most boat insurance policies won’t pay out in cases involving gross negligence, meaning a serious lack of reasonable care on the part of the insured. Coverage is also generally denied for intentional or reckless conduct, or illegal activity on the water, such as operating a boat while impaired by drugs or alcohol.
Looking for boat and watercraft insurance in the greater Omaha, NE, area? Insurance Solutions LLC has you covered. Call 402-614-3307 for a customized quote.
