Standard boat insurance policies can include a variety of coverages:

• Physical damage (your boat) — e.g., collision, fire, theft, weather events.

• Liability (injury to others or damage to others’ property) if you cause an accident.

• Towing and assistance (while on or off the water) in some policies.

• Personal property coverage (equipment aboard, valuables).

• Additional options/add-ons: uninsured boater coverage, storage/lay-up coverage, haul-out prep for storms.

• Many insurers allow lay-up discounts (reduced premium) when boat is stored and not used for a period.

• Transport coverage: Many policies cover land trailer transport (loading/unloading) within certain limits, but may not cover waterborne transport unless specifically endorsed.

• Even in storage, a boat is still at risk (theft, fire, severe weather) — so review your policy.

• “Because I have homeowners insurance, my boat is automatically covered” — Not true in many cases.

• Assuming your policy covers all uses (racing, chartering, overseas) when those uses may be excluded.

• Not updating the policy when you add aftermarket gear or increase the boat’s value/use.

• Choosing high deductible to reduce premium without considering whether you could afford the out-of-pocket in a claim.

• Thinking you don’t need insurance because you “rarely use” the boat — weather, theft, trailer accidents, storms can still cause damage.

Key factors include:

• The boat itself (size, age, type, engine horsepower) and how it’s used.

• Where it’s used and stored. Coastal vs inland, dock vs trailer, storage during off-season.

• The coverage you choose (higher limits = higher cost), deductible chosen.

• Your experience, claims history, safety training. Completing a boater safety course often gives discounts.

• Add-ons and special features (e.g., towing, haul-out, special equipment) increase cost.

Our flagship watercraft carrier partner is Progressive Insurance.