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Lee Insurance Agency LLC

119 W South Railroad St, PO Box 1212
Four Oaks, NC 27524

What Does Boat Insurance Cover?

Most people do not pay attention to boat insurance, as the number of boat accidents is few, and it is not mandatory in most states, including North Carolina. However, having boat insurance can come in handy because you are exposed to various risks from which you need protection. As Lee Insurance Agency LLC explains, here is what is covered under boat insurance.

Physical Damage

It helps cover damage caused by different perils like fire and vandalism. Also, if your boat is stolen, whether on land or water, this coverage can help replace it. Since the owner bears the responsibility of taking care of their boat, normal wear and tear are not covered under physical damage coverage. However, physical damage covers things like batteries, motors, anchors, and safety equipment such as fire extinguishers.

Medical Payment Coverage

Suppose you get into an accident where either you or your passengers get injured. In that case, this type of coverage helps take care of the resulting medical expenses, including hospital bills, medication, and X-rays.

Liability Coverage

If you cause damage to other people’s boats or structures while sailing, your boat covers any arising expenses you might incur. Liability coverage can also provide protection when a third party is suing you for damages, where it helps cover legal fees or a settlement. As a policyholder, it is always a good idea to talk to your agent first before purchasing coverage.

Uninsured/ Underinsured

Considering that boat insurance is not mandatory, it is possible that you may get into an accident with someone uninsured. In other cases, the other party might also be uninsured. This type of coverage helps cover any expenses arising from such an accident.

If you are a boat owner in North Carolina, consider the peace of mind you might enjoy as you sail in a boat, knowing you are fully covered. Contact us today at Lee Insurance Agency LLC where we can help you choose a suitable policy.

Why boat owners in North Carolina need boat insurance?

A boat owner in North Carolina will enjoy the long summer months and access to open waters. If you would like to own a boat here, you need to make sure you get the right type of coverage. There are a few reasons that boat owners should get the right coverage and protection for their boats in this area. 

Protect Investment in Boat

Many boat owners in this state will get an insurance plan so they can protect their investment in their boat. Boat owners will spend a lot of money buying, maintaining, and caring for their boats over the years. To ensure that this pays off in the long run, you should get proper insurance. With boat insurance, you will have coverage to mitigate many scenarios that could result in a loss.

Insurance is an Obligation

A boat owner may also need to get proper insurance for it because it could be an obligation. If you have taken out a boat loan or use certain marinas or waterways, having insurance may be a contractual obligation. With a full insurance plan, you will stay in compliance with all agreements while also having ample coverage against the risk of liability and other forms of loss. 

In the state of North Carolina, you will want to know that your boat is properly covered with insurance. As there are many choices to make when picking a new plan, you should call Lee Insurance Agency LLC. The team that works with Lee Insurance Agency LLC knows the value that comes with this type of coverage. They will give you the guidance to understand your options and choose a policy that provides adequate protection. 

Partner Carriers


  • AAA
  • American Modern
  • ASI
  • Cabrillo Coastal
  • Dairyland
  • Foremost
  • Hagerty
  • JIBNA
  • Kemper
  • MetLife
  • monthly payment plan
  • National General
  • NC Grange
  • Progressive
  • RLI
  • Safeco
  • The Hartford
  • Tower Hill
  • Travelers
  • Universal Property & Casualty
  • UPC
  • Wright Flood