Skip to content
Insure Your Fun on the Water

Watercraft Insurance

Your boat or watercraft is a valuable asset and needs to be protected from the moment you start to tow it to the marina. There are a range of personal marine insurance products to consider that cover liability, damage or loss to your physical watercraft, new boat replacement, equipment reimbursement, medical payments, and towing and emergency services. There are also considerations for traveling through inland waterways versus coastal waters. Depending on your specific situation, our professionals will craft a personal marine insurance plan that fits your needs so you can relax and have fun on the water.

Personal Marine Insurance protects:

  • Fishing Boats
  • Sailboats
  • Pontoon Boats 
  • Cabin cruisers
  • Yachts
  • Airboats
  • Cruising boats
  • Jetboats
  • Motorboats
  • Submersibles
  • Jet skis, WaveRunners, and Sea-Doos

Protect yourself from: 

  • Watercraft damage including sails, hulls, motor, furnishings, equipment, and trailer
  • Personal property or fishing equipment loss
  • Theft
  • Bodily injury and property damage to others
  • Medical payments 
  • Marina liability 
  • Mechanical breakdown 
  • Hurricane and emergency haul-out expenses 
  • Emergency accommodation, towing assistance, and gas delivery 
  • Workers' comp claims from captains and crew


What is personal marine insurance?

Personal marine insurance is a separate insurance policy from your homeowner’s policy that specifically protects your watercraft vessels and its passengers against damage and loss from common risks such as storms, theft, fire, and collision. A quality program typically includes coverages for hull and machinery, third-party liability, protection and indemnity, crew insurance, and much more.

How much does personal marine insurance cost?

Personal marine insurance policies have different coverage options and insurance premiums can vary significantly between insurance companies. There are many factors considered when determining your insurance premium, including type and size of vessel, how and where the vessel is stored, your boat ownership experience, your motor vehicle record, the navigation area where you take your vessel, and your prior claims history. The best way to find out how much a personal marine insurance plan will cost for your unique situation is to get a quote from an insurance agent that specializes in this coverage.

What type of boats and personal watercrafts are covered by personal marine insurance?

Personal marine insurance policies are tailored to specific watercraft types. Most vessels can be covered, such as: airboats, cruising boats, jetboats, motorboats, sailboats, fishing boats, pontoon boats, cabin cruisers, yachts, jet skis, WaveRunners, Sea-Doos, and submersibles. Speak with an insurance agent that specializes in personal marine insurance to ensure you have the right coverage for your unique situation.

What is Lifeline Emergency Expense Reimbursement coverage?

Lifeline Emergency Expense Reimbursement coverage defrays the cost of emergency accommodation and towing expenses. Our exclusive LifeLine plan covers emergency expenses most marine policies do not cover, such as: Accommodation, airline tickets, towing and salvage charges, emergency delivery of fuel, a battery and/or jump start, and repatriation for a medical emergency. Our personal marine insurance specialists can explain this exclusive coverage in more detail.

What is “Yachthaul” haul-out expense reimbursement coverage?

Most personal marine insurance policies DO NOT cover preventative haul-out expenses, but they are covered under our exclusive YachtHaul plan. YachtHaul is coverage that helps defray the cost of emergency haul-outs. YachtHaul pays up to $10,000 for: Delivery to the yard including Skipper’s fees, lay-days, haul, block and launch, and removal and safe storage dodger, cover, sails and other equipment normally stowed on deck. Our professionals can explain this specialized coverage in more detail.



Expert Guidance

What Types of Personal Insurance Coverage Do I Need?

Learn More: What Types of Personal Insurance Coverage Do I Need?


260+ Locations to Serve You

Decorative map of World Insurance Associates locations. View all locations: 260+ Locations to Serve You

Expert Guidance

How Much Home Insurance Is Enough?

Learn More: How Much Home Insurance Is Enough?