Personal Watercraft Insurance

  • Overview
  • What It Covers
  • Discounts
  • FAQs
  • Get A Quote!
Overview

Personal Watercraft insurance is financial protection to cover you and your loved ones from the costs of unexpected events damaging your personal watercraft or the costs you may be liable for due to boat-related accidents. There is no law requiring that you purchase insurance for your personal watercraft, but it is prudent to consider this coverage to protect the investment you have made in your personal watercraft.

Personal Watercraft insurance works similar to the insurance for your car, and can protect in the same way. But, since boats have different features than your car, you will want to make sure your insurance company gives you all the coverages you need and any savings that may lower your premium before you get a boat insurance quote from an insurance company.

Basic Policy Coverage
Coverage
Description
Water sports Liability

Applies to injuries you, the designated driver or policyholder cause to someone else. You and family members listed on the policy are also covered when driving someone else's boat or personal watercraft with their permission. Liability insurance protects you from serious financial loss if you are sued stemming from a serious accident.

Protect Your Financial Health! Consider buying more than the state-required minimum to protect assets such as your home and savings.

Underinsured Boaters Liability
Liability coverage from underinsured boaters
Uninsured Boaters Liability
Liability coverage from uninsured boaters
Medical Payments

Pays for the treatment of injuries to the driver and passengers of the policyholder's personal watercraft.

Physical Damage

Pays for damage you (or someone driving the boat with your permission) may cause to someone else's property.

Hull
Coverage for the actual personal watercraft
Trailer
Covers damage to trailer
Accessories Coverage

Loss, damage or theft of personal items and items used to run the boat. Coverage also usually includes personal items of others while on the boat. Sometimes limited to 50% of actual insured amount of boat.

Available Discounts
Below are some of the most common discounts available by the various insurance companies we carry.
ITEM
Discount %
Description
Approved boating education course
varies
Discount for taking and completing a boating course
Multi Unit
up to 10%
Insuring more than one personal watercraft with Carroll Steele Insurance
Claim Free
20%
Claim free for 12 months
Transfer Discount
10%
Discount for new business transferred from other company. Good for 1st year only.

Our Quote form provides a place to select all of these discounts and credits. Request a Quote to find out how much you can save on all your insurance needs.

Frequently Asked Questions
Question
Answer
Does my homeowners policy cover my personal watercraft?
Not likely. Unlike smaller boats that are sometimes covered in limit on a homeowners policy, personal watercrafts are special vehicles that carry an increased amount of liability risk that requires a separate policy.

If you have a question that isn't answered here please submit it to us using our Ask An Expert forum!

Coming soon!

For now email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call 978.283.5100. Even fax us the details at 978.281.0473 and we'll provide you a quote!

  • Overview
  • What It Covers
  • Learn
  • FAQs
  • Get A Quote!
Overview

Boat insurance is financial protection to cover you and your loved ones from the costs of unexpected events damaging your boat or the costs you may be liable for due to boat-related accidents. There is no law requiring that you purchase insurance for your boat, but it is prudent to consider this coverage to protect the investment you have made in your boat.

Boat insurance works similar to the insurance for your car, and can protect in the same way. But, since boats have different features than your car, you will want to make sure your insurance company gives you all the coverage's you need and any savings that may lower your premium before you get a boat insurance quote from an insurance company.

Basic Policy Coverage
Coverage
Description
Liability

Applies to injuries you, the designated driver or policyholder cause to someone else. You and family members listed on the policy are also covered when driving someone else's boat with their permission. Liability insurance protects you from serious financial loss if you are sued stemming from a serious accident.

Protect Your Financial Health! Consider buying more than the state-required minimum to protect assets such as your home and savings.

Underinsured Boaters Liability
Liability coverage from underinsured boaters
Uninsured Boaters Liability
Liability coverage from uninsured boaters
Medical Payments
Pays for the treatment of injuries to the driver and passengers of the policyholder's boat.
Physical Damage
Pays for damage you (or someone driving the boat with your permission) may cause to someone else's property.
Hull
Coverage for the actual boat.
Motor Coverage

Covers damage to motor

Trailer
Covers damage to trailer
Electronic Equipment
Coverage for electronic equipment
Personal Property

Loss, damage or theft of personal items and items used to run the boat. Coverage also usually includes personal items of others while on the boat. Sometimes limited to 50% of actual insured amount of boat.

Towing

Provides cost coverage for towing of boat for any reason.

Learn About Boat Insurance

According to information from the U.S. Coast Guard, property damage to boats has been increasing. Many states now require boat owners to have boat insurance. If you have your boat on a loan or use a marina, you will probably also be required to have boat insurance. If you are not required to insure your boat, it is important you still consider purchasing boat insurance from an insurance company.

Frequently Asked Questions
Question
Answer
Does my homeowners policy cover my boat?

Depends. Depending on the size and type of boat you have your homeowners policy does offer some coverage. The length and speed of the boat are the two factors determine coverage. To find out if your boat is covered under your homeowners, or condo insurance policy please refer to your policy.

If you have a question that isn't answered here please submit it to us using our Ask An Expert forum!

Coming soon!

For now email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call 978.283.5100. Even fax us the details at 978.281.0473 and we'll provide you a quote!

Monitored by eVuln.com