What is Watercraft and Aircraft Insurance?
As may be self-explanatory, watercraft insurance is insurance specifically designed to provide both
liability coverage and physical damage coverage for boats. Aircraft insurance does the same things for
aircraft insurance. It is important to note that many more businesses today are using drones in their
day-to-day operations. Drones are technically a type of aircraft. Both watercraft and aircraft can cause
significant damage to other property and other people and so there is definitely a need for this
coverage.
Why is Watercraft and Aircraft Insurance Important?
There are three significant reasons this coverage is important.
- First, except for a few minor exceptions, there is typically no coverage for the liability related to
most watercraft and aircraft in the General Liability insurance policy. So, the only way to get
coverage is through a specific policy for watercraft and aircraft. - \Second, some individuals and businesses have invested substantial resources in watercraft and
aircraft. Even while not being used, they can be destroyed by something as simple as a
significant windstorm. Coverage is needed to protect the financial investment of both watercraft
and aircraft. - Finally, most property coverage forms have exclusions for property in transit and property over
water. Coverage for the property in or on both watercraft and aircraft may be covered by the
appropriate watercraft of aircraft insurance policy.
- First, except for a few minor exceptions, there is typically no coverage for the liability related to
Here are some common Coverage Highlights:
- Physical Damage Coverage for the aircraft or vessel itself – while being utilized or stored
- Liability Coverage for others, including passengers, from the usage of the aircraft or watercraft
- Liability Coverage for property damage caused by the use of the aircraft or watercraft
How Our Team Can Help:
Our experienced team of insurance professionals is here to guide you in determining your needs and finding the appropriate solution. We do this in several ways:
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
closely with you to customize an insurance plan that meets your specific needs and budget. - Risk Assessment: We will conduct a thorough risk assessment of your operations or ownership
interests to identify potential hazards and recommend appropriate coverage options. - Claims Assistance: In the event of a claim, our dedicated claims specialists will assist you
throughout the claims process, ensuring a smooth and hassle-free experience. - Expert Advice: With our in-depth knowledge of the insurance market, we can provide expert
advice and guidance to help you make informed decisions about your insurance coverage.
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
Get Started Today!
Protect your investment and minimize financial risks with Aircraft or Watercraft Insurance. Contact our
team today to learn more about our insurance solutions and how we can help safeguard your ownership
or business interests.