On the water and still protected
Whether you’re working or playing on the water, you and your loved ones need the protection of boat insurance, also known as marine insurance or personal watercraft insurance. To provide the best protection for your boat or yacht, consider these types of hull coverage:
- Physical damage coverage: In the event of a collision with another boat or object on the water or on land, this coverage protects your marine vessel with three options.
- Despite depreciation on your marine vessel, agreed value coverage pays the declared or agreed value including furniture, fixtures, and electronic equipment.
- Factoring in depreciation, actual cash value coverage pays what your vessel is worth at the time of the loss, not the amount you originally insured it for.
- Personal property coverage: Including clothing, cameras, and other personal items, this coverage protects the personal property on your boat.
- Towing and assistance coverage: When you’re stranded and your boat is inoperable, this coverage transports your marine vessel. Gas delivery for your boat may also be
In addition to hull coverage, your marine vessel also needs liability coverage to injury and damage to others. Consider these options:
- Watercraft liability coverage: Though this coverage offers no protection for you, your family, or boat driver, it does cover bodily injury to others and property damage to others’ vessels. This coverage may also cover events such as a gas or oil spill.
To help prevent accidents and minimize damage in the event of an accident, our insurance companies may offer incentives to help better prepare operators.
- Education courses, including Power Squadron and US Coast Guard training, earn discounts of up to 5% per boat for basic courses and up to 10% per boat for advanced.
- Safety equipment (e.g., burglar alarms, fire-extinguisher systems) earn equipment credits toward your policy.