Boats Need Insurance?

There's nothing quite as exhilarating as boating: the wind in your hair, the thrum of the wake against the hull, the snap of the mainsail and the buzz of an outbound fishing line.
It's no wonder 75 million people in the U.S. participate in recreational boating, according to 2010 data from the National Marine Manufacturers Association.

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Watercraft Insurance Can Be Complex

It's easy to feel over your head when it comes to obtaining the proper insurance for your boat. That's because boats are a bit of an odd duck in the insurance world: Insuring a runabout has much in common with buying auto insurance while insuring a million-dollar yacht more closely resembles buying home insurance for a small house.

Frequently Asked Questions About Watercraft Insurance

What does boat insurance cover?

Boat insurance covers the boat and personal property against damage resulting from contact with another boat or submerged object and damage resulting from weather, fire, theft, vandalism and other perils. It also provides liability for injury or property damage you may cause. Other coverage options are available such as on water towing, fishing gear coverage, etc..

How does the location or where I use or store my boat affect my policy?

Many factors affect the cost of boat insurance including the state in which you store or dock your boat as well as where you navigate the boat (inland vs. coastal waters).

What discounts are available for boat insurance?

Bundling your boat insurance with other insurance products such as auto, home, and umbrella, years of boating experience, and boat’s safety and security features.

What is personal property coverage?

This coverage provides protection for damage to items on your boat including clothing, stereo equipment, and other personal belongings that are stored on the boat, but not actually part of it.

Do I need boat insurance if my boat is not very expensive?

You may not want to insure your boat against damage, but you should always carry boat liability coverage in case you cause bodily injury or property damage while operating it.

Should I cancel my boat insurance during the "off season"?

While your boat is not in use and sometimes even out of the water, your boat is still at risk for fire, theft, and vandalism. Without insurance you would have to pay out of pocket for repairs or replacement of your boat. Ask your agent about a special winter program.