Boating Insurance

Even if you’re not required to have boat insurance, it’s important to protect your boat and your crew from harm. 

Insurers consider many factors when deciding whether or not to offer a policy. Almost any boat can be insured— for a price. You want to consider the following to make sure the policy you purchase meets your needs:

  • Age of Boat
  • Length
  • Value
  • Speed/Horsepower
  • Type (Inboard, Outboard, utility, cruiser, saltwater fishing boat, performance boat)
  • Houseboats
  • Where it will operate (Ocean, lakes, bays, rivers, Great Lakes)

What Boat Insurance Policies Cover

An “all-risk” policy will offer the best protection. However, an “all-risk” policy does not cover every type of loss. In insurance terms, “all-risk” just means that any risk not specifically omitted in the policy is covered. Typical exclusions include wear and tear, marring, denting, animal damage, manufacturers’ defects, design defects, ice, and freezing.

Types of Boating Insurance 

You can buy two types of damage coverage for a boat:

  • Actual cash value. This pays the value of your boat at the time of the damage. If your boat is destroyed, your insurance company determines its market value.
  • Agreed amount value. If your boat is destroyed, your insurer pays you an amount that you and the company agreed on beforehand. If your boat can be repaired, your insurer replaces old items with new ones without deducting them for depreciation.

Whether you’re looking for a new boat insurance policy or just trying to save money on an existing policy, we can help you get started with a quote today! Contact us at

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