If your boat is financed, docked at a local marina or stored in your private boathouse, insurance can protect your liability risks. While watercraft insurance is not mandatory it can cover damage, liability and other unforeseen events.
You are able to insure your small boats onto your homeowner’s policy, but one thing to consider is you run into the risk of losing your claims free discount (and affecting your eligibility with the homeowners market). Having a stand alone marine policy with anyone of our insurers eliminates this possibility, and provides much broader coverage’s.
Watercraft insurance coverages go beyond the scope of a standard homeowners policy to include Roadside Assistance, which covers towing of your boat or personal watercraft. On-Water Towing, in case you’re stranded on the water, and Uninsured Boaters coverage. You can also choose Fuel Spill Liability and Wreckage Removal coverage with most of our insurers. Without these watercraft insurance coverages, you may end up getting stuck with the bill for cleanups and removals. Personal Effects and Fishing Equipment coverages are also available.
What About Replacement Cost?
Boats and personal watercraft depreciate just like cars do. A homeowners policy will only pay you actual cash value for your boat or personal watercraft, which could make it difficult to replace if it’s destroyed. But with the insurance companies we use we can offer replacement cost, which replace your boat with a new model of similar quality. Some new boats may even have the option to purchase guaranteed replacement cost.
What We Insure
A runabout is any small motorboat holding between four and eight people, well suited to moving about on the water. Runabouts can be used for racing, for pleasure activities like fishing and water skiing, or as a ship’s tender for larger vessels
Jet propelled watercraft usually less than 18 feet in length with a rider capacity of four to seven people.
A boat that utilizes at least one sail for power. Sailboats may also have a motor that is used as an additional power source.
A watercraft built on pontoons with a flat surface to walk and sit on. These are designed for slow movement on inland lakes and rivers.
These tend to be flat bottomed and designed for slow movement on the water. Houseboats are equipped with full galley, enclosed head, and sleeping berths.
A power driven pleasure boat having a cabin equipped for sleeping and cooking.
Bass or Fishing Boat
A boat designed for fishing. Normally a low profile boat, which may be equipped with special seats which are designed for optimum fishing. It may also include rod holders, an aerated bait holder, a fish cleaning station, or built in tackle boxes.
A recreational watercraft that the rider sits or stands on, rather than inside of, as in a boat. PWCs have two style categories. The first and most popular being a “sit down”, where the rider uses the watercraft mainly sitting down and typically holds two or more people. The second style is a “stand up”, where the rider uses the watercraft standing up.
If you don’t find your type of watercraft in this list that doesn’t mean we can’t find insurance for you. Give us a call and we’ll try to help you as best as we can.
Insurance Companies We Offer