Boat Insurance

Boat insurance typically includes:

• Liability coverage for damage or injuries you cause on the water, including damage to docks or other boats, and sometimes fuel spill or wreckage removal.
   
• Comprehensive and collision coverage for damage from events like theft, vandalism, storms, sinking, or collisions (even with submerged objects) ProgressiveNationwideInvestopedia.
   
• Uninsured/underinsured boater protection for accidents caused by boaters without adequate coverage ProgressiveNationwide.
   
• Medical payments for injuries to you or your passengers, regardless of fault ProgressiveNationwide.
   
• Personal effects or fishing equipment coverage for valuables onboard or carried with you

 While not legally mandated in most areas, it's essential. Homeowners or auto policies generally exclude watercraft, especially those with higher horsepower or significant value 

 Yes—common optional protections include:

• On-water towing & labor (like roadside assistance for boats).
   
• Additional protection for fishing gear, personal belongings, or hurricane haul-out costs.
   
• Agreed value coverage to ensure full payout without depreciation, or actual cash value for a depreciated settlement.

 Costs vary based on your boat’s value, type, usage, and location. However, rates are usually comparable to other vehicle insurances. Discounts may be available for bundling or completing boating safety courses 

 Yes—most policies protect your boat whether it’s out of the water, stored, or being towed, including hull, equipment, trailer, and machinery damage