Boat & Watercraft Insurance for Every Vessel, On the Water and Off.

What Is Boat & Watercraft Insurance?

Boat insurance — also called watercraft insurance or marine insurance — is a policy that helps protect your vessel and your finances from a range of risks associated with owning and operating a boat or personal watercraft. While some homeowners policies provide limited coverage for small boats, most vessels — particularly larger boats, motorized watercraft, and anything used regularly on the water — benefit from a dedicated watercraft insurance policy.

Coverage varies by policy and vessel type, but boat insurance is generally designed to help cover physical damage to your boat from accidents, collisions, fire, theft, and weather events; liability coverage if your boat causes injury to another person or damage to someone else's property; medical payments for you and your passengers after a covered accident; and in some cases, towing and assistance if your vessel breaks down on the water. Personal watercraft insurance for jet skis and similar craft, sailboat insurance, and liability coverage for boats are among the most common coverage needs.

Several factors influence the cost and structure of a watercraft policy, including the type, age, size, and value of your vessel, how and where you use it, and whether it is stored on the water or trailered when not in use. Some policies also include coverage for fishing equipment, boat trailers, and other accessories. If you own a boat and want to understand your coverage options, contact a Saint Moore Insurance Agency agent for a consultation.