What is Boat insurance?
Boat insurance covers you in the event of a loss or damage to your boat. It covers most watercraft with motors, including fishing boats, pontoon boats, paddle boats, leisure crafts and yachts. Boat insurance does not usually cover canoes, kayaks or personal watercrafts (PWCs).
When should you consider boat insurance?
Your boat insurance policy may include the following:
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Collision damage: Includes repair or replacement of your boat, but may or may not include clean-up of wreckage unless you purchase optional additional coverage.
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Property damage liability: Covers damage you might cause to someone else’s boat, a dock, or other property or structures.
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Bodily injury liability: Covers injury you might cause someone while using your boat; includes medical bills, lost income, pain and suffering, and legal expenses.
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Comprehensive: Provides compensation if your boat is vandalized, stolen, or damaged in an incident other than a collision.
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Additional coverage options: Coverage for medical payments, fishing equipment, oil spills, personal property and roadside assistance, as well as damages and injuries from accidents caused by boaters who are uninsured or underinsured.
How Much Does Boat Insurance Cost?
The cost of boat insurance varies depending on:
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The state you live in
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The type, size, and age of the boat you wish to insure
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The size of motor and how it is powered
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Whether you are using it on inland waters or the open seas
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Whether you have selected additional coverage options
Boat Insurance
Get specialized boat insurance for as little as $100 per year with Progressive.
Why Progressive?
Insure your boat with Progressive, and you’re automatically covered on all lakes and rivers in the U.S. and Canada, plus ocean waters within 75 miles of the coast. No questions asked.
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35+ years of boat insurance experience. Over 1 million watercraft insured. It’s safe to say we’re one of the top boat insurance companies. Get a quote and see why boaters trust us.
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Some other boat insurers require a marine survey just to insure your boat. This is a detailed and expensive inspection, costing about $20 per linear foot. For a 15-foot boat, this costs $300. At Progressive, that $300 could pay for your entire boat insurance policy for three straight years.
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Need insurance for a unique boat? Then Progressive is your company. We insure bass boats, sailboats, pontoons, powerboats and pretty much all other watercraft up to $350k in value and 50 feet long. Just get a free boat insurance quote online, and we’ll ask about your boat. If you have a unique situation, just give us a call, and we’ll do what we can to cover you.