Thompson Insurance specializes in Boat Insurance in Mississippi
Boats and personal watercrafts are big investments, but if you love being out on the water, you know they’re worth it. So protect your investment with coverage that’s designed with the boat lover in mind. Not with some standard coverage or add-on to your Homeowners insurance.
Thompson Insurance can help make your time on the water relaxed and worry-free. We will find you the comprehensive protection that protects you, your friends and family, your watercraft and equipment.
The average boat costs less than a dollar a day to insure. You’ll enjoy being on the water even more when you aren’t worried about all of the risks involved.
Do you know what to look for in a watercraft insurance policy? Thompson Insurance can help you determine the right amount of coverage to meet your specific needs. Just contact us today to get started.
Olive Branch boat insurance coverages
Navigational Area — Know where you are covered in the water. Some insurance companies offer protection that covers you up to 75 miles from certain coastlines. In California, Florida, and Oregon, coverage for additional areas can be purchased.
Agreed Value Coverage — This means that if your boat is a total loss you will get the value you insured it for, minus any deductible. Watercrafts depreciate just like cars. Actual cash value policies can make it difficult to replace a boat that has been stolen or destroyed.
Liability — Personal liability coverage covers other boats and boaters in the event you are at-fault for an accident. This coverage will pay for the property of someone else as well as for their medical care, lost wages, and other costs as a result of an accident.
Medical Payments — This covers any medical expenses as a result of an accident and is available from $500 to $10,000. It covers you, your passengers, and even water skiers/tubers, regardless of who is at-fault.
Physical Damage Coverage — This pays for the cost to repair or replace your watercraft, its parts, and your trailer if it is stolen or damaged.
Uninsured/Underinsured Watercraft Bodily Injury — Since boat insurance is not always mandatory, many boaters choose not to get insurance. This will cover you if you are hit by an uninsured or underinsured boated and you are injured. It will pay for medical treatment, lost wages, and other costs associated with the accident.
Fuel Spill Liability and Wreckage Removal — Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the boat’s owner, you are required by law to have this cleaned up. This can be time-consuming and expensive.
Personal Effects — Your policy can provide coverage for many personal effects, including clothing, cell phones, sporting equipment, and fishing gear. Limits vary by state, so check with us for what’s required in your state. Personal effects coverage does not include jewelry, watches or furs.
Unattached Equipment Coverage — This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.
Emergency Assistance — The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.
How to Start Your Quote
We serve the North Mississippi area, in towns like Olive Branch and Southaven including Desoto County, Tate County, and Lafayette County.
To get started, head over to our Quotes page or call our office, and we’ll walk you through the process of getting covered.