Boat Insurance

Welcome to our free guide to boat insurance! We’ll offer you some free tips to help you in your search for the best marine insurance coverage. Insurance for boats includes coverage for speedboats, sailing boats, yachts and many other kinds of boats. Homeowner’s insurance may be able to cover your boat if its size and price fit within certain limits. However, a specialized boat policy offers coverage types you won’t see in a typical home policy. Here are some of the special kinds of insurance coverage you should consider getting for your boat:

• Roadside assistance – This insurance covers the costs of towing your boat.
• Towing on the water – This comes in handy if you’re stranded and don’t want to pay an arm and a leg to be dragged ashore.
• Uninsured boater – If you are involved in a boating accident with someone who doesn’t have insurance for their boat, this coverage can pay for the damages you suffer.
• Fuel spill liability – If you spill a large amount of fuel in the water, you may be required to pay a hefty fine. This coverage pays the cleanup costs for you.
• Wreckage removal – No one wants to think of his or her boat becoming a bottom-dwelling wreck, but if the unthinkable happens, this coverage can come in extremely handy.
• Personal effects – Imagine losing a wedding ring or some other priceless item along with your boat. This coverage can reimburse you for the cost of the lost or damaged item.
• Fishing equipment – We all know how easy it is to lose your rod, reel or bait.

Look for a boat insurer that will cover you anywhere in the U.S., whether you’re on a lake five miles from home, drifting down a river across the country, or sailing forty miles off the continental coast.

As time passes, your boat will depreciate in value. If you buy total loss replacement coverage, the insurance company can replace your boat with a brand new one if your model is, say, less than five years old. Look for a company that offers agreed value boat coverage regardless of the age of your beloved boat. You agree with the company on the value of your boat and it stays fixed over time.