Four things to consider when you update your boat insurance policy

Making changes to your boat insurance policy can help ensure that your boat’s value is protected and you’re covered for the liability risks you face out on the water. Affordable Insurance Inc. is an insurance provider covering boat owners in Mountain Home, AR. We can help you make sure that your boat insurance policy is customized to your unique needs.

We encourage boat owners to periodically reevaluate their boat insurance coverage through the years.

The following are four things to consider when you update your boat insurance policy:

The navigational area in which you’ll be using your boat in the future

Your boat insurance provider needs to know where you plan to use your boat. Your insurance policy will only be in effect in certain navigational areas that the fine print of your policy specifies. You need to know the navigational limits of your policy. 

Modifications you’ve made to your boat

Modifying your boat can increase your boat value or make your boat safer. Both of these situations can impact your boat insurance premiums and your insurance coverage needs. 

Changes to your boat storage solution

Where you store your boat and the amount of time per year that your boat is in storage can impact your boat insurance costs.

When you update your policy, consider whether your boat storage practices are different than they were in the past. Notify your insurance provider of any changes. 

Changes in your financial situation

You might want to invest in more boat insurance coverage if you now have more funds available. Increasing the coverage on your boat insurance policy can end up saving you a lot of money in the long run if you have to file a claim. 

We Are Here To Help

At Affordable Insurance Inc., we’re here to answer any questions you have about boat insurance in Mountain Home, AR. Call us today if you’re interested in getting a quote on a boat insurance policy.

What Are The Different Types of Boat Insurance?

To find the right insurance for your watercraft, you will need to understand the major types of boat insurance options that are available to you. For consultations in Mountain Home AR, seek help from Affordable Insurance Inc.

Boat Insurance: What You Need To Know

The two major types of boat insurance are:

  • Agreed value
  • Actual cash value

Insurance with an "agreed value" insures the boat for an amount equal to its worth at the time the policy was negotiated. Policies with an "actual cash value" provide a lower premium payment up front, but their value decreases with time. 

Some types of insurance may cover rough weather, while others may cover just the occasional breakdown. Some types of insurance may cover damage done to your boat as a result of another person’s negligence, while other types of insurance may cover only the damage done to your boat as a result of your negligence. 

The most important thing to understand about boat insurance is that it’s not necessary to have it. You can get exactly the same amount of boat insurance that benefits are guaranteed, at a fraction of the cost, and still receive excellent service. 

There are also various types of property and vehicle insurance, as well as a few types of property and car share ownership. There are also various types of cruise and vacation insurance, as well as a few types of business ownership. 

Contact Us Today

To find the right insurance for your situation, you can start by determining what you need and what you can afford. If you have few credit card bills and are in the midst of a major project, then you may want to consider a cash policy. If you have a lot of travel scheduled for the year and need to be covered for the unexpected, then you may want to consider an umbrella policy. 

For more inquiries, give us a call at Affordable Insurance Inc in Mountain Home, AR.

Arkansas Boat Insurance — Does Your Boat Need Pollution Liability Coverage?

When you are looking for Arkansas boat insurance, you may hear the term pollution liability insurance. In Arkansas, you likely aren’t required to have boat insurance at all, unless your lender asks for it.

At Affordable Insurance Inc., we want Mountain Home, AR boat owners to be covered for every risk. That includes pollution liability insurance for your boat. You don’t want to realize that you need it when it is too late.

What is Pollution Liability Coverage in Boat Insurance?

Pollution liability coverage is coverage that protects you against the liability of pollution. Maritime laws are very protective of any toxins that may spill into the waters you take your boats on.

If you are found to be spilling toxins such as fuel or oil, you may be held liable for the cleanup of those spills. Pollution liability coverage will cover those costs.

Things you could be held liable for include:

• Gas or oil dripping from a nozzle when you fuel your boat
• Leakage from the bilge into the water
• Leaks from seals and lines
• Pollution from sinking, explosion, and fire

The Coast Guard requires you to notify them or any local authority in the event of a spill or leak into the water. It is your responsibility to contain the spill and clean it up as soon as possible. This could be very costly, depending on the spill.

What Does Pollution Liability Cover?

Pollution liability insurance for your boat will cover the costs of clean-up and any legal defenses that you might have as a result of a spill. It will also cover the operating costs of oversight or an accident if you add that to your policy.

Get a Quote

Having a boat in Arkansas is a big responsibility. At Affordable Insurance Inc., we want Mountain Home, AR boat owners to be protected from pollution liabilities. Call us for a quote today.


Affordable Insurance can help make your time on the water relaxed and worry-free! We will find you comprehensive protection that protects you, your friends and family, your watercraft and your boating 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 your safety, the safety your passengers, or your investment.

Arkansas – Do you know what to look for in a watercraft insurance policy? Affordable Insurance can help you determine the right amount of coverage to meet your specific needs. Just give us a call today at 870-425-6079to get started. Here are some items you’ll need to consider when shopping for boat insurance in Arkansas.

  • Navigational Area:
    Know where you are covered in the water. Some companies, such as Safeco Insurance, offer protection that covers you up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico. In California, Florida and Oregon, additional coverage area can be purchased.
  • Agreed Value Coverage:

Watercrafts depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible.

  • Liability

Like car insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident for which you are at-fault.

  • Medical Payments

Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.

  • Physical Damage Coverage

Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer, if it is stolen or damaged.

  • Uninsured/Underinsured Watercraft Bodily Injury

Since boat coverage is not always mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater, and you are injured, this type of coverage pays 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, which can be time consuming and expensive.

  • Personal Effects

Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Limits vary by state – check with

Affordable Insurance for information. 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.


Every need is unique – contact Affordable Insurance today Call 870-425-6079 to find out how to get the best boat and watercraft insurance coverage for you.