Blogs and Resources - LA Insurance

Whether boat insurance covers a blown engine mainly depends on how it happened. If it’s due to an accident, or unexpected incident such as fire, or natural disasters such as a severe storm, then your boat insurance will cover it.  

However, if your boat’s engine stopped working due to negligence of proper maintenance, gradual wear and tear, manufacturer's defects, reckless boating, or pre-existing conditions, your boat insurance won’t cover the blown engine.

Whether you’re thinking of purchasing a boat insurance policy or you’re about to claim your boat insurance coverage, it is essential to know what it covers and what it doesn’t.  

Without adequate knowledge of what boat insurance covers, it can be confusing to determine which boat insurance coverage you actually need. You may either spend more on unnecessary coverage or miss out on essential coverage.

While exploring boat insurance in Michigan, the first concern that comes to mind is the cost. Generally, the average cost of boat insurance ranges from $75 to $300 per year for smaller vessels, mainly depending on the boat’s size and horsepower.  

However, it can cost you more to insure larger boats such as cabin cruisers, sailboats, speed boats, and yachts, which can typically range from $300 to $500 per year.