Best Boat Insurance Policies

The easiest way to set up a policy is to contact our office at 1-844-491-0963 or email us at [email protected]. You will receive a no-obligation quote emailed to you within minutes of speaking with us.

Boat insurance is not currently required by law, however; insuring your boat provides you coverage if a liability claim were to arise. This includes injuries to people and/or their property caused by your boat. Coverage also gives you peace of mind for all perils (collision, fire, theft, vermin and vandalism). Having coverage is also a requirement for your finance company or marina.

Our policy provides you with full coverage, 12 months a year, against collision, fire, theft, vermin and vandalism. You also have coverage for personal effects, emergency towing and loss of use. Your boat is not covered for freezing unless it is winterized by a licensed mechanic.

Marine policies will cover physical damage to the boat while it is being trailered and your auto policy will cover the liability losses. For example, if you are trailering your watercraft and someone rear-ends you, damaging the watercraft, the marine policy will respond. If your trailer side-swipes another motorist, causing damage to the third party vehicle, your auto policy will respond.

Yes. Our full coverage policies cover your boat 12 months a year, in the water, traveling down the road while being towed behind your truck and while in storage.

Any person who meets the following criteria can drive your boat and is covered under your boater’s insurance:

• Holds a valid boaters licence
• No criminal record on their current driver’s licence
• Has your permission

Your best option would be to call our office anytime between 8:30 AM and 7:30 PM EST (4:30 PM MT) at 1-844-491-0963.

We still receive claims during the lay-up period. Examples are:

• Vermin damage (squirrels and raccoons love living in boats during the winter)
• Theft
• Vandalism
• Storage shed collapse due to storm damage as well as straight storm damage

A marine survey is required for all sail boats, cruisers, cuddy cruiser, cabin cruisers that are 20 years old and over 22 feet in length. The survey must be no older than 5 years old on the day of submission.

• Agreed Value: means that in the event of a total loss, no depreciation will be applied to the amount listed on your policy. In the event of any partial losses (repairs) the insurance company agrees to pay to repair your watercraft with brand new parts, not exceeding the limit of your insurance.
• Actual Cash Value: means that depreciation is applied to all claims (partial or total), so the amount you receive will be reflective of current market value of the whole watercraft or the part that was damaged.

• If you have a claim for your boat, it will affect your home and auto insurance rates and likely increase your premiums.
• The coverage is more comprehensive and specified for your boat. This will ensure that your watercraft is fully covered.
• During the claims process, you will be assigned with a marine specific adjuster that will be more knowledgeable about the situation and vessel.
• You will receive a more competitive price for your insurance.

No, you cannot insure a boat that’s not under your name. If you wish to do so, you need to transfer the title of the watercraft to your name before you can insure it.

Boat lifts are typically not covered under your boat insurance policy, the same way your auto insurance does not cover your garage. Check with your insurer to see if you can add it to your existing policy or if you can get a quote for a separate policy.

Your past claims can impact the current premium of your boat insurance policy. If you make a claim for the first time, you may lose your claims-free discount, which will increase your premiums. With subsequent claims, there can be more penalties, and eventually, insurers may choose not to cover you.

Yes, boat insurance typically covers sinking caused by common issues like storms. Often, insurers cover repairs for sunken boats, but it is uncommon for a boat to be written off. Your policy may also reimburse you for salvage, environmental cleanup, and removal costs. It is important to note that there can be some policy exclusions. For example, your insurer may not cover your claim if your boat goes under due to negligence or failure to perform maintenance. Additionally, if your policy only covers specific locations, you may not be covered if your vessel sinks outside the stated navigation limits.

Yes, boat insurance covers theft. However, some companies have theft restrictions or lock warranties that specify conditions that must be met for theft coverage to apply. These conditions can include signs of forced entry as a requirement for coverage or locking your boat in a specific way to prevent theft. Check with your insurer to see if your policy has any theft restrictions.