Boat systems have the potential to fail. What happens if the electrical system fails?
The entire vessel might be rendered nonfunctional. There’s also the issue of insurance.
Will boat insurance cover the full electrical system?
InsureUS is here to explain electrical coverage for those who enjoy the water in and around Cypress, TX.
Boat Electrical Systems and Insurance
Some boat insurance covers the electrical components of the vessel. However, other policies do not. As an example, some policies do not cover GPS systems.
Read through your insurance policy to get a sense of what is and is not covered. You might find there is partial or no coverage for your boat’s electrical components. However, optional electrical component insurance coverage is also available.
What About an All-Electric Boat?
Some boats are powered solely by electricity by way of a battery as opposed to traditional fuel. Opt for an electric boat and you’ll find insurance is available.
Similar to conventional boats, electric boats can be fully insured. Be sure to read through the entirety of your policy before moving forward with your signature. You might find lithium-ion batteries or other nuances are not fully covered or covered at all.
The Issue With Lithium Batteries
Lithium batteries pose additional risk. These highly efficient batteries are popular yet they have the potential to cause a fire if handled improperly.
The heightened risk of fire greatly alters insurability. Faulty lithium battery installation, an incompatible charger or failing to implement sufficient protection/wiring can lead to a fire that ruins your vessel.
When in doubt, ask for proof of professional battery installation. Otherwise, you might not find an insurer willing to insure your vessel.
InsureUS is on Your Side
Serving Cypress, TX, we offer affordable boat insurance. Dial 281-640-8888 for your customized quote.
