Boat Insurance

What Is Boat Insurance?

Boat insurance protects your watercraft from damage, theft, and liability claims. It covers your vessel, equipment, and provides protection if you're responsible for injuries or property damage while boating. Whether you own a fishing boat, sailboat, or yacht, insurance protects your investment.

Why You Need Boat Insurance

• Required by marinas and lenders for financed boats
• Protects your significant investment from damage or total loss
• Covers liability if you injure someone or damage property while boating
• Pays for salvage and wreckage removal costs
• Provides on-water towing and assistance

Common Coverages

Physical damage coverage protects your boat from collisions, sinking, fire, theft, and vandalism. Liability coverage pays for injuries and property damage you cause while operating your boat. Medical payments coverage handles injuries to you and your passengers. Uninsured boater coverage protects you when another boater has no insurance. Personal property coverage protects fishing equipment, water skis, and other gear. On-water towing provides assistance when you break down.

What Factors Affect My Boat Insurance Rates?

Your rates depend on boat type, value, age, length, engine size, how you use it, where you store it, and your boating experience. Taking a boating safety course can often qualify you for discounts.