Boat and Watercraft Policy

There’s nothing like a day of fun on the water. Whether you have a fishing boat, sailboat, pontoon boat, powerboat, or personal watercraft- we can strategize insurance to cover your risks.

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    Please note: Coverage cannot be bound or altered online. A service representative will need to contact you to finalize your request.

    What You Need to Know About Boat Insurance

    It’s important to have the right coverage that will protect you, your passengers, and your boat or watercraft while you’re on the water. No matter what type of recreational boat you own, having watercraft insurance is essential.

    Is Boat Insurance Required?

    Although boat insurance may not be a legal requirement in your state, boat insurance may be required if your boat is financed. Many marinas also require boat insurance before you can use their facilities. Even if boat insurance is not required, it is still a good idea, and you may want to go beyond the mandatory minimum requirement. Much like a car, boats face a lot of risks and you are responsible for any damage or injuries you cause, whether or not you have the insurance to cover it. You also want your boat to be covered in case of collision, running aground, hitting an underwater object, storm damage, or theft and vandalism.

    What Boat Insurance Coverage Do I Need?

    The coverage you need will vary depending on your type of watercraft—whether you have a fishing boat, ski boat, sailboat, or yacht. Your other insurance policies (e.g. home or car insurance policy) likely won’t provide the coverage you need to insure your boat. A boat insurance policy can provide the protection you need for your boat, yourself and your accessories. Know the limits of your boat insurance policy. Some policies only cover you if you are close to home—a fact you don’t want to find out after an accident occurs. You may also not be covered while towing your boat unless your policy specifically covers tow vehicles. You may also want to keep your boat insured year-round.

    Types of Coverage

    Insurance coverage options vary based on the size and type of your watercraft. These coverage options include:

    Limited liability protection – This protects you in case you cause injuries or damage to another person or their property.

    Physical damage coverage – This provides coverage for your boat if it is involved in a collision or hits an underwater object.

    Replacement coverage – This can be either full replacement coverage or actual cash value coverage.