Get a Boat Insurance Quote
Cover Your Dream-Your boat may be too large or too expensive to be covered through a homeowners policy

Your boat is perhaps one of your most cherished and expensive assets. Sadly, it can also be susceptible to mishaps, squalls and robbery. Boat insurance coverage offers security for you, your passengers and your vessel, besides giving you peace of mind. Here are some qualities to look for when shopping for boat insurance:

§         Stability – investigate the financial stability of your prospective boat insurance provider

§         Customer Service – when you make a claim you’ll want to be dealt with honestly and promptly

§         Reputation – get your boat insurance from a quality provider.

§         Coverage Options – ensure the boat insurance provider has a broad range of options, since your needs are exclusive to you

§         Price – find a balance between peace of mind, financial security and price.

Chances are you can’t wait to launch your vessel when it’s boating season. Seventy-two million people partake in leisure boating each year and 17 million boats are in use during the boating season.[i] Did you know average property damage costs for a boating accident increased by 36% in just four years? There are also perils to think about when moving or storing your boat, trailer and other costly equipment.

A boat owner’s policy can cover you for most risks of owning and operating your boat, its motor and its trailer. The property covered includes apparatus permanently attached to the boat in addition to anchors, oars, electric trolling motors, extra fuel tanks, tools, detachable canopies, seat cushions, life preservers, skis and their towropes, and dinghies. If you injure someone with your boat or damage their property, your policy will also protect you against liability lawsuits.

Your boat may be too large or too expensive to be covered through a homeowners’ policy. Some insurance companies, Progressive for example, offer coverages outside the range of a typical homeowners’ policy, such as Roadside Assistance, where your boat is towed for free as long as your trailer is covered, On-Water Towing, in case you’re stranded on the water, and Uninsured Boaters coverage.

§         24-hour immediate dispatch – they have claims staff on standby seven days a week to assist policyholders through boating emergencies, including sinking, salvage, fuel spill containment and pollution cleanup

§         Additional $800,000 fuel spill liability – this includes accidental discharge of oil or fuel that can take place in a sinking, fire, collision, grounding, etc.

§         Full salvage assistance – covers you for the full cost of salvage, without a deductible, up to the insured value of your boat

§         Uninsured boater protection – extra liability coverage for your injuries caused by hit-and-run or uninsured boaters

§         Hurricane haul out coverage – up to 50% or $1,000 in reimbursement for professional hauling in the event of a NOAA named storm