Boat Dealership Insurance2022-02-01T10:22:46-05:00

Boat
Dealership
Insurance

Boat Dealership Insurance

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Save up to 37% with Fearnow Insurance

Any business that sells new or used boats, rents out boats or other watercraft, accepts trades on boats or provides repairs on boats are all considered to be a boat dealer.  Boat dealers need your everyday insurance such as General Liability, Property Damage Insurance, Workers’ Comp, and Business Interruption Insurance.  They also need more specific types of “marine policies” such as Title Errors and Omissions, False Pretenses, Truth-in-Lending, Inventory Coverage, Engine Hours, and Omissions.

General Liability

For a boat dealer, this type of insurance is written to protect the boat dealership against watercraft liability exposures, pollution coverage, employee benefits liability, and employment-related practices liability.  If you feel that the coverage levels are not enough, dealerships are able to purchase “Bumbershoot Liability”, which is a type of Umbrella insurance coverage for incidents that occur on either land or water.

Marine Garage Liability

This provides more specific liability coverage than General Liability policies. Covers against a loss arising out of bodily injury or property damage that was caused by the insured’s premises, operations, work performed or products.

What Our Customers Say:

Great customer service and Agent Matt Wink was awesome. He was patient and explained everything I need to know about Auto Ins.
Patricia Nelson
13:34 04 May 22
This review is in regards to Mr. Joseph Boyle, Jr and his excellent work ethic, professionalism, dedication, and enthusiasm when helping us search and purchase homeowner's insurance. I know that Mr. Boyle's services are in high demand, yet he managed to make us feel like we were his only clients. He is always prompt, courteous and extremely knowledgeable while displaying a humility that only comes with experience. He helped us navigate several challenging situations when purchasing homeowner's insurance. In addition, he not only met, but exceeded all of our expectations. I can confidently say that my family will have a roof over their heads due to Mr. Boyle's ability to deliver on his promises. Fearnow is extremely lucky to have Mr. Joseph Boyle, Jr. We will refer him to ALL of our friends when they are ready to purchase. Thanks Joe!!!!!
Rawan Shawar
13:31 29 Apr 22
Joseph Boyle was excellent to work with and very competent when I changed Insurance companies. He was able to save me money and transfer went smoothly. It was nice to work with someone that knows his job and goes all the way to help you.
Linda Phillips
22:21 27 Apr 22
Great service. Quick response. Will definitely recommend to others.
Larisa Mironov
01:14 21 Apr 22
I want to thank Joseph A Boyle Jr for his professional support in obtaining home owners and automobile insurance for us. He worked with us selecting the best fit for our requirements, saved us a considerable amount of money.I would recommend you contact Joseph and at least give him an opportunity to quote your insurance. I’m quite sure he will save you money.Thank you Joe!!Respectfully
Gary Reighard
22:08 19 Apr 22
A friend has insurance with Joe and said to give him a call. Joe was very professional and willing to take the time to explain new options and found me new homeowners insurance which saved me over $300 a year. To top it off, Joe also took the time to research and found me car insurance with a highly reputable company which again, saved me over $300 a year from my current company. Great communication!!! Got back to me quickly to answer all of my questions. Makes you feel important and not just a number. A+++
Jeff Downes
21:41 19 Apr 22
Awesome service by Joe Boyle. Thank you for all you do.Look forward to working with you.
Melissa Barnes
20:09 19 Apr 22
I appreciated their very quick response to my online request for a quote as we needed to find a new homeowners policy soon because of the closing of our previous insurance company. Mr. Boyle was very courteous, helpful and answered all of my questions.
Venetia Coles
15:39 14 Apr 22
I used Fearnow Insurance to obtain homeowners insurance. Everyone was very responsive. Joseph guided us through the process and responded to all of our questions very quickly and thoroughly. He was kind, professional, and handled everything expertly. I will definitely use them again.
Jon Blackwell
21:38 13 Apr 22
I had the pleasure of working with Joseph Boyle. It was very last minute and he went above and beyond. I am so happy I got to work with him. Thank you so much Joseph for your hard work in getting us the insurance so quickly. I will definitely refer you to everyone.
Graziella Dumicich
20:04 12 Apr 22

The Fearnow Agency Advantage

  • We work for you, not the insurance carriers, to ensure your claims are processed efficiently and are paid out quickly.
  • Unlike a single-company agency, we have access to over 100 carriers, so we’re never limited in the services we can provide you.
  • We can save you up to 37% in insurance cost, or get better coverage for the same cost.
  • We always provide full disclosure of plan inclusions and exclusions.
  • We offer customized plans tailored specifically to your needs, instead of forcing you into a pre-packaged solution that won’t really work for you.
  • Our agents are continuously training, so they stay the leading experts in their field.

Property Damage Under Boat Dealership Insurance

Property Damage insurance provides protection against damage (e.g. fire, flooding, natural disaster) to buildings or its contents, including employee tools.  It also provides liability coverage for when privately owned boats are in the insured’s care (e.g. for repair) and it covers liability for rented out watercraft.  An extension, Business Interruption insurance, covers the loss of income as a result of the damage.

Inventory Coverage/Open Lot/Dealer’s Blanket

Inventory Coverage expands upon Property Damage insurance by including boats and other watercraft located on the property or at another insured location (such as a storage warehouse) that are owned by or under the care of the boat dealer.

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Title Errors and Omissions

In the event that the insured, the boat dealership, makes an error on the title paperwork that affects the identification of the property, Title E & O insurances provide payment to resolve the issue so that the sale or trade of the boat can be completed.

False Pretenses

Fraud can happen to anyone, including a boat dealership.  False Pretense coverage protects the insured against a loss if they were tricked into completing a trade when the other party did not actually have a proper title or actual ownership to the property they offered in exchange.

Truth-in-Lending Protection

If your boat dealership provides financing for the purchase of inventory, then it is recommended to purchase Truth-in-Lending insurance coverage. The Trut-in-Lending Act is a provision of the Consumer Credit Protection Act and requires lenders to properly disclose certain information to the borrower.  This insurance coverage provides protection for the boat dealership if they fail to comply with the Trut-in-Lending Act through negligence, omission, or error.

Engine Hours Errors and Omissions

This coverage solely protects legal claims regarding a boat’s engine and nothing else.  For example, a claim that is made saying that an error or problem in a boat’s engine caused it to be unable to run as long as it should have been able to.

Protection and Indemnity Coverage

This coverage is for watercraft that are under repair or for sale.  It is designed to provide protection while the watercraft is off-premise, a part of a demonstration of the watercraft’s capabilities while off-premises, and watercraft larger than 26’ in length that are not carrying persons or property for a charge.

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Service Type: Boat Dealership Insurance

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