RISE Insurance is located in downtown Chattanooga, TN but we help insure people and companies all over the country. We specialize in top notch service and extensive market access to place your business with the best possible carrier at the best possible price.
Boats
3,887 accidents
According to the US Coast Guard there were 3,887 boating related accidents in 2024
What does boat insurance covera?
Boating insurance protects you from financial losses related to accidents, theft, and damage involving your boat and liability.
Bodily injury and property damage: think medical bills and legal expenses if you are found at fault for injuring someone or damaging another’s property with your boat.
Wreckage removal: Can cover the cost to remove your sunken boat after an accident
Fuel and oil spills: Clean up and damages your vessel causes due to an accident
Uninsured/underinsured boater: similar to auto insurance, some boaters don’t carrier the appropriate insurance when it comes to their boat
Collision: covers repairs or replacement costs for damage to your boat from a collision with another vessel, dock or floating object
Comprehensive: Other than collision such as fire, lightning, theft and vandalism
Personal property: Such as fishing gear and water sports equipment
Towing: if your boat breaks down on the water and needs to be towed back to the marina or shore
Medical payments: medical expenses for you and your passengers if you are injured in a boating accident
Agreed value vs actual cash value: Many people purchased boats during Covid and the depreciation on a boat can be shocking. The agreed value pays a predetermined amount in the event of a total loss, while actual cash value pays a depreciated amount.