Watercraft Insurance

Ready to save on your Boat Insurance policy?

Ahoy Matey!

Whether you’re a freshwater angler or a saltwater sailor, there are few places you’d rather be than cruising the open water with a fishing buddy, a first mate, or a band of scurvy misfits. The boating life isn’t all fun in the sun. You’ve got nautical skills to master, laws to abide by, and safety precautions to follow.

With all that to worry about, you don’t need the added task of finding the right boat insurance on your own. We know the ins and outs of boat insurance and will walk you through your options to make sure you and your boat have the proper coverage.

What do I need Boat Insurance?

Boating insurance needs will vary for every skipper, vessel and state. Some coverage options may not be required, or seem a little over the top to you, but sometimes the smallest circumstances can create the biggest impact.

Here are several bad things that can happen:

  • Captain’s oopsies:A collision or grounding that ruins your boat and all its gear.
  • The sea’s wrath: A hurricane or lightning sinks your craft.
  • Pirates: Your boat is stolen with all its fishing rods, stereo equipment, etc

What does Boat Insurance cover?

Coverage will depend on a number factors. You can imagine a yacht will require different insurance than a petite Jon boat with a 12-volt trolling motor. However, for most watercraft, the “tremendous trio” of boat insurance coverage on a policy includes:

  • Bodily injury liability: For any medical-related expenses for another person.
  • Property damage liability: For expenses for damaging another’s property.
  • Physical damage: For expenses due to damage to your own property, trailer, etc.

Additional policy options can include the following:

    • Property coverage: For tools, life preservers, anchors, and even fishing gear.
    • Towing coverage: For when your boat becomes disabled.
    • Medical expenses: For hospital and funeral expenses for you or your passengers.
    • Uninsured/underinsured boaters’ coverage: If you have an accident with another boater whose insurance is not sufficient to cover damages.

What kind of boats need to be insured?

Yacht or naught, all boats should carry some form of coverage. After all, you never know when your vessel could be damaged, stolen or involved in an accident that results in injury. Even if your boat is docked or stored, it can be vandalized, damaged in a fire or storm, or even stolen.

Fun fact: Small watercraft such as canoes, rafts and kayaks may be covered under your homeowners or renter’s insurance policy.

Fun fact disclaimer: Make sure to work with an independent insurance agent to find the proper protection. If claim time comes, you wouldn’t want to run into coverage issues, leaving you with out-of-pocket expenses.

Take the time to think about how much coverage you would need to repair or replace your fleet in the event of damage or theft.


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