Watercraft insurance is an insurance policy that covers boats and other watercrafts, such as jet skis, yachts, and pontoon boats. It provides protection against physical damage to the boat or other watercraft caused by collision with another object, fire or theft.
The Michigan Department of Insurance and Financial Services requires that all vessels over 16 feet in length be covered by a marine cargo insurance policy when operated on public waterways.
Watercraft insurance for Michigan is a specific type of insurance that covers the boat, jet ski, or other watercraft that you own. It also covers any damage to the boat or watercraft from natural disasters, theft, etc.
There are many types of boat insurance policies available in Michigan. For example, some policies cover only certain types of boats while others cover all types. Some policies have a deductible amount which will be paid by the policyholder every time there is a claim made on their policy. This deductible can range anywhere from $500 to $10,000 and it would be wise to find out what your deductible is before purchasing a policy.
Michigan is a state that has many watercraft enthusiasts. There are many waterways in the state and people from all over the world come to enjoy their beauty. This also means that there are a lot of accidents on these waterways, and when these accidents happen, it is important to have Michigan watercraft insurance.
Michigan boat insurance can be difficult to find because there are so many different types of boats that need insurance. It is important to know what type of boat you have before you start looking for Michigan watercraft insurance. If you have a jet ski or sea doo, then your Michigan watercraft insurance will be different than if you have a yacht or pontoon boat.
Are you looking for the best rates at the most competitive prices for your watercraft insurance policy?
Look no further than Cardinal Insurance Group in Traverse, Michigan!