Boat & Marine Insurance
Boat insurance is an insurance policy that covers property damage or liability expenses related to your motorized watercraft. It's usually distinct from a homeowner's insurance policy, even if the boat sits on a trailer in your side yard.
Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination.
What is boat insurance? Boat insurance may help cover a motorboat, sailboat or personal watercraft if it's stolen, in an accident, or damaged by a covered peril like fire or lightning. Boat insurance may also help protect you if you accidentally injure someone or damage their property with your boat.
Boat and marine insurance are similar, but marine insurance deals with commercial vessels while regular boat insurance is for recreational boaters. Boat insurance helps you cover your losses if there’s an accident and property is damaged or people are injured, depending on the type of policy you buy. While your homeowner’s insurance policy might cover a small boat under certain circumstances, other types of boats require actual boat insurance in order to be covered. Like other kinds of insurance, you have options regarding the amounts of your deductible and the liability limits.