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Types of Boat Insurance Coverage

Boat insurance helps protect your boat and personal belongings on board in the event of an accident, theft, or other covered incident. It can also provide coverage for medical expenses if someone is injured while on your boat. There are five main types of boat insurance coverage available, and the type you need will depend on your boat and how you use it. Some of the most common types of coverage include:

Liability Coverage

This type of coverage helps protect you financially if you're found responsible for an accident that damages someone else's property or injures another person.

Collision Coverage

This type of coverage helps pay for repairs to your boat if it's damaged in an accident.

Comprehensive Coverage

This type of coverage helps pay for repairs to your boat if it's damaged by something other than an accident, such as fire, theft, or vandalism.

Medical Payments Coverage

This type of coverage helps pay for medical expenses if someone is injured while on your boat.

Uninsured/ Underinsured Boater Coverage

This type of coverage helps protect you financially if you're in an accident with a boater who doesn't have insurance or doesn't have enough insurance to cover the damages.

Shopping for Boat Insurance

There are many different types of boat insurance policies available, so it's important to talk to your insurance agent to find the one that's right for you and your boat. Some things you'll want to consider when shopping for boat insurance include:

  • The type of boat you have
  • Where you keep your boat
  • How often you use your boat
  • What type of coverage you need

How to Save Money On Boat Insurance

There are a handful of Boat Insurance discounts that are typically available that can help you save money on your boat insurance. Some of the most common discounts include:

Multi-Policy Discount

If you have more than one policy with the same insurance company, you may be eligible for a discount.

Safety Course Discount

If you've completed a boating safety course, you may be eligible for a discount on your boat insurance.

Good Driver Discount

If you have a clean driving record, you may be eligible for a discount on your boat insurance.

Anti-Theft Device Discount

If you have an anti-theft device installed on your boat, you may be eligible for a discount on your boat insurance.

Membership Discount

If you're a member of certain organizations, you may be eligible for a discount on your boat insurance.

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Frequently Asked Questions

Answers to Frequently Asked Boat Insurance Questions

Do I need Boat Insurance?

While boat insurance is not required in every state, it is a good idea to have coverage in case of an accident or other covered incident.

What does Boat Insurance cover?

Boat insurance policies vary, but most will cover damages to your boat, personal belongings on board, and medical expenses if someone is injured while on your boat. It can also protect you for damages you may cause to others should you be in an accident.

How much does Boat Insurance cost?

The cost of boat insurance depends on a number of factors, including the type of boat you have, where you keep it, and how often you use it.

How can I get the best rate on Boat Insurance?

There are a few things you can do to get the best rate on boat insurance, including shopping around and comparing quotes from different insurers, having a good credit rating, and being a safe boat owner.

What should I do if I have an accident?

If you have an accident, the first thing you should do is contact your insurance company to report the incident. You will then need to provide documentation, such as a police report or accident report, to your insurer.

Contact Us

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When you're ready to talk about boat insurance, reach out to Ansay & Associates—we’ll help you find the right coverage.

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