Boat Insurance in Schofield and Wausau, WI
Sail Away from Loss with Proper Insurance Protection
The sport of baseball may be considered America’s collective pastime; however, boating claims a special place in the heart of Wisconsin natives. Whether cruising along the coast or fishing with friends, adventures in the state are abounding - from bow to stern.
Along with a plethora of fun, boating also anchors in a variety of risks. Securing adequate boat insurance can limit a boater’s exposure to costs associated with physical damage and occurrences of liability. At Schofield Insurance Agency, we strive to act as your first-mate in navigating coverage options. If you’re perusing inland lakes or manning the Great Lakes, our coverage will be there to keep the captain covered.
What Does Boat Insurance Cover
In order to contribute to your crew, we need to map out a plan for your vessel. The process of securing coverage begins with agents learning more about your boating endeavors. Together, we’ll keep your vessel afloat.
The state of Wisconsin sets minimum requirements for liability coverage. We recommend constructing a policy that exceeds this base. Our clients typically find the slight premium increase is worth the supplementary protection afforded.
Aside from the state minimum, the extent of boat insurance necessary is determinant on the size, type, and value of the craft insured. Specific coverage options are also available for personal watercraft, such as jet skis and wave runners.
Ultimately, an agent-client tandem can steer through coverages tailored to the following vessels:
- Performance Boats
- Sail Boats
- Bass Boats
- Jet Skis
- Wave Runners
Accidents happen – even on the water. Once established, boat insurance can protect your boat or personal watercraft against loss resulting from:
- Collision with another boat or object
- Damage caused by uninsured or underinsured boaters
A boat insurance policy can take two different routes when physical loss or damage happens. One path available is an actual cash value policy, which pays for reimbursement based on the depreciated asset value at the time of loss. Another course of action is an agreed amount value policy, which pays out a sum based on a previously agreed upon value by you and your insurer.
For more information on the services we offer boating enthusiasts, contact our agency at your convenience.
A First-Mate in Insurance Protection
As an independent insurance agency, we have the opportunity to partner with a collection of national carriers, such as IMT, Progressive, and Travelers. A pivotal part of our crew, these carriers confirm the personalized services we provide are backed by a reliable insurance product.
Boat insurance has been a niche product for our agency for more than 50 years. We draw from this extensive experience each time we build this type of policy. It also comes in handy if water becomes murky after a policy is in place. If an incident occurs, there’s a strong chance we’ve previously navigated these challenges.
To officially drop an anchor on insurance protection, feel free to request a quote.
- Insurance Materials for Wisconsin Residents (Wisconsin Office of the Commissioner of Insurance)
- Information Regarding Boat Insurance (Insurance Information Institute (III))
- Details About Insurance for Summer Activities (National Association of Insurance Commissioners (NAIC))
At Schofield Insurance Agency, we’re proud to offer boat insurance in Schofield, Wausau, Mosinee, Stevens Point, Rothschild, and Merrill, WI. We also serve other areas in the state of Wisconsin.