Enjoy your time on the water
Whether you love boating on Table Rock Lake in Branson or fishing on Lake Springfield, The Resource Center can help you find the right boat insurance policies for many types of boats, including bass boats, cruisers, fishing boats, pontoons, runabouts, sailboats, catamarans and utility boats. Although you may have some existing boat liability insurance coverage through your homeowners policy, the insurance professionals at The Resource Center still recommend considering a separate boat insurance policy with property insurance and liability coverage. If you’re a boat owner looking to get coverage, contact The Resource Center office in Springfield or Branson.
Determine which level of insurance coverage is right for you
Most boat insurance companies offer liability insurance coverage limits that start at $100,000 and can be increased to one million. Typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for bodily injury liability coverage or medical payments. Higher limits may be available.
Actual Cash Value policies (also known as "ACV" insurance) pay for replacement costs minus your deductible at the time of the loss. In the event of a total loss, used-boat-pricing guides and other external resources are used to determine your watercraft's approximate market value. Partial losses are settled by taking the total cost of the repair less a percentage for depreciation.
The "Agreed Value" insurance policy is a type of policy where you and your insurer have pre-agreed on a value for your vessel. In the event of a total loss, you will be paid your agreed-upon amount of valuation. Agreed Amount Value policies can also replace old items for new in the event of a partial loss without any deduction for depreciation.
Find the best boat insurance for you
Let us help you get out on the water.