Does Your Home Insurance Cover Your Boat?
Most homeowners and renters insurance offer only limited coverage for small boats like canoes and low-powered vessels. If you own a larger, faster boat, a dedicated boat insurance policy is essential.
| Type of Boat | Coverage Under Homeowners Insurance? |
|---|---|
| Small boats (canoes, kayaks, low-powered boats) | Limited – Usually around $1,000 or 10% of home’s value |
| Large boats (yachts, speedboats, jet skis) | Not Covered – Requires separate boat insurance |
- Home Insurance Covers: Small, non-motorized boats with low coverage limits
- Home Insurance Excludes: Large boats, liability protection, high-powered vessels
- Boat Insurance Covers: Comprehensive protection for damage, theft, and liability
Whether you own a fishing boat for weekend adventures or a luxurious yacht, we’ve got you covered.
Coverage for a Wide Range of Vessels
We offer policies for a variety of boats, including:
Bass boat
Cruisers
Fishing Boats
Pontoon Boats
Runabouts
Sailboats
Catamarans
Utility Boats
Bass Boats
Cruisers
Fishing boats
Pontoon Boats
Runabouts
Sailboats
Catamarans
Utility Boats
Typical policies start with liability limits of $15,000, with options to increase up to $300,000 or more. Additional coverage is available for trailers, accessories, and specialized equipment like fishing gear.
Comprehensive Protection for Your Vessel
Our policies cover physical loss or damage, including the hull, machinery, fittings, furnishings, and permanently attached equipment. We offer two types of coverage:
Actual Cash Value – Pays for replacement costs minus depreciation at the time of loss.
Agreed Amount Value – Pays a predetermined amount in case of total loss, with replacement coverage for partial losses without depreciation deductions.
Additional Coverage Options
Your policy can include:
✅ Bodily injury – Coverage for injuries caused to others
✅ Property damage – Coverage for damages to another’s property
✅ Liability protection – For others using your boat with permission
✅ Medical payments – Coverage for injuries to you and passengers
✅ Theft protection – Coverage in case of stolen vessels or equipment
Discounts & Savings
Save on premiums with discounts for:
✔ Diesel-powered boats (safer than gasoline)
✔ Coast Guard-approved fire extinguishers
✔ Ship-to-shore radios
✔ Multi-policy bundles (home, auto, umbrella)
✔ Claims-free history
✔ Certified safety courses (Coast Guard Auxiliary, U.S. Power Squadrons, American Red Cross)
“Caring for your vessel and crew is the first step to enjoying worry-free adventures on the water. With the right preparation and precautions, every trip can be a safe and memorable one.”
Care and Protection of Your Vessel
Ensuring the safety and longevity of your boat requires proper precautions. Follow these essential tips to keep your vessel in top condition:
- Monitor Weather Conditions: Always check weather forecasts before heading out to avoid unexpected storms or hazardous conditions.
- Share Your Plan: Inform someone of your destination and expected return time for added safety.
- Inspect Systems: Regularly check the engine, fuel, electrical, and steering systems, especially for exhaust system leaks.
- Fire Safety: Equip your boat with one or more fire extinguishers suitable for its size and type. Keep them accessible and in working condition.
- Navigation and Signals: Ensure your vessel is equipped with required navigation lights, and have a whistle, horn, or bell on board.
- Extra Safety Gear: Consider carrying additional essentials such as:
- A paddle or oars
- A first-aid kit
- Fresh drinking water
- A tool kit and spare parts
- A flashlight and flares
- A radio for communication
The safety of everyone on board is paramount. Follow these guidelines for a safe and enjoyable boating experience:
- Life Jackets: Ensure everyone wears a life jacket at all times while on board.
- Learn the Rules: Familiarize yourself with marine traffic laws and the “Rules of the Road.” Learn various distress signals for emergencies.
- Stay Vigilant: Keep an alert lookout for other watercraft, swimmers, floating debris, and shallow waters.
- Load Responsibly: Avoid overloading the boat, distribute weight evenly, and never allow standing or sudden weight shifts in small boats. Prohibit riding on the bow, seatbacks, or gunwales.
- Stay Sober: Never operate a boat while under the influence of alcohol or drugs.
For additional peace of mind, the U.S. Coast Guard Auxiliary offers free safety advice and boating courses. You can also request a Courtesy Marine Examination (CME) to inspect your boat’s electrical systems, safety equipment, and fuel hoses. Boats that meet safety standards will be awarded the CME decal “Seal of Safety.”