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FOR IMMEDIATE RELEASE
New York Press Office: (212) 346-5500; media@iii.org

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NEW YORK, January 6, 2016 — Reporters covering the (January 6–10) and seeking insights on how to insure watercraft can contact the (I.I.I.).

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Boat insurance policies provide coverage to repair a policyholder’s boat if the vessel is accidentally damaged or destroyed due to a collision, striking a submerged object, fire, theft, vandalism, windstorm, or lightning.

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Other boat insurance coverages include:

• Damage caused to someone else’s property.
• Medical payments, for injuries to the boat owner and other passengers.
• Bodily injury, for injuries caused to another person.
• Guest passenger liability—legal expenses incurred by someone using the boat with the owner’s permission.
• Hurricane haul-out provisions to keep the boat out of harm’s way.
• Full salvage coverage—includes wreck removal.
• Consequential damage coverage for major events, such as sinking or a fire.
• Fuel spill liability protection for cleanup or third-party damage due to accidental discharge.
• Personal effects coverage for expensive equipment, such as watersports toys or fishing gear.
• Ice and freeze coverage for damage to engine and water systems.

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Boat insurers price their policies based largely on owner experience and background, and the boat’s make, model, age, market value and cruising area.

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The New York Boat Show is being held this week at the Jacob K. Javits Convention Center, 655 West 34^th Street, New York, NY 10001.

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RELATED LINKS

• Article:
• Facts and Statistics:
• Video:

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The I.I.I. has a full library of educational videos on its . Information about I.I.I. mobile apps can be found .

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THE I.I.I. IS A NONPROFIT, COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.

Insurance Information Institute, 110 William Street, New York, NY 10038; (212) 346-5500;