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

Boat
Dealership
Insurance

Boat Dealership Insurance

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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:

It has been a great pleasure working with Joe. He is very thorough and professional. He goes the extra mile and takes care of all the details. Joe is my agent for both homeowners and auto insurance. I have saved over $600 on auto alone. I appreciate his knowledge and his communication skills. He has exceeded my expectations. I look forward to working with him in the future. I recommend Joe for all insurance needs, he's a great agent.
Dan Standish
18:05 25 Sep 22
Thank you Joe for being so transparent, and thorough when explaining the best policies in such a tough market. You made this process so smooth!
Charli Shea
19:52 22 Sep 22
Joe is knowledgeable, professional and saved me money! Give Fearnow a call! You won’t be disappointed!
Marsha Kingery
21:01 21 Sep 22
Joe provided OUTSTANDING customer service, had great communication, and saved me a bunch of money. Highly recommended!
Eric Werbeck
22:09 20 Sep 22
Joseph Boyle really took care of me top notch aces all the way. He helped me work around problems on my end and is very knowledgeable, kind and professional. He found the best insurance for the best price for me. I couldn’t ask for better service. Add an extra star ⭐️!!!
Philip Lee
17:10 24 Aug 22
Joe Boyle was amazing. He made it so easy and effortless to get everything taken care of in a timely manor.
George Baierlein
18:49 16 Aug 22
Joseph Boyle was amazing! He made it super easy for me to switch my auto insurance over.
Jennifer Martinez
15:28 13 Aug 22
OMG!!! Smiling faces and nice people! Lamarr was very professional and able to save me a great amount on my car insurance. I would recommend this insurance agency! Thank you 😊
Frank Reichart
17:18 09 Aug 22
Michelle is always extremely helpful. As a new renter, she explained everything to me and made the process as easy as possible. She is also super quick to respond. I have never had any issues. Highly highly recommend!
Zoe Wallace
13:43 05 Aug 22
Outstanding customer service from Joe Boyle. He was able find me a home owner’s insurance couple of months before my non-renewal/expiration date. Since we were not in the 30 day window for binding, he set up a calendar invite to do the paperwork within that window. Just completed everything. He maintained excellent communication throughout this process which is hard to come by these days. I am more than happy to recommend Joe and his company, Fearnow Insurance to anyone who is shopping for insurance.Great job.Thank you
Celine Kizhakkemattom
21:52 20 Jul 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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Offices serving the local Tampa, FL and Wilson, NC areas for almost 30 years!

Competitive pricing nationally with world-class customer service!

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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Boat Dealership Insurance Quote from Fearnow Insurance. Marine dealership protection that saves you money. 30 Years of serving Tampa, Brandon, Seffner area

Service Type: Boat Dealership Insurance

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Currency: USD

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