Protect Your Investment | Boat Insurance

Boat Insurance protects your boat from unexpected damages. This includes damage, theft, and accidents while on the water. Boat insurance can be tailored to your specific needs. At Narrows Insurance, our agents have the resources to shop your boat insurance with multiple carriers, finding a balance between coverage and affordability.

When shopping for boat insurance, you may notice similarities with an auto policy. These coverages are very similar, but there are a few key differences.

Boat Insurance

Prepare for the Unforeseen: Understanding Your Boat Insurance

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Important Boat Insurance Coverages

  • Bodily Injury Liability
  • Property Damage Liability
  • Medical Payments
  • Uninsured/Underinsured Motorist Boater Liability
  • Hull and Motor, Permanent Equipment Damage
  • On Water Emergency Assistance

Boat Insurance Discounts

  • Multi-Policy
  • Multi-Boat
  • Boater Safety Training
  • Advanced Quote
  • Accident Free / Violation Free

Bodily Injury Liability

Liability coverage to address injuries and damages to others in an accident where you are deemed at fault.

Property Damage Liability

Coverage designed to handle expenses for damage to others' property caused by your boat.

Uninsured Motorist / Underinsured Motorist

Liability coverage to provide for you and your passengers if another party injures you on your boat and lacks insurance or carries insufficient coverage. As Boat Insurance is not typically a state requirement, this coverage becomes crucial to consider for comprehensive protection.

Medical Payments

Protection for you and your passengers, covering medical and related expenses resulting from a boat accident, regardless of fault.


Hull, Motor, and Permanent Equipment Damage

Physical Damage Coverage encompasses protection for the boat hull, motor, and any permanently attached equipment. Understanding the value of your boat is crucial for this coverage, as is selecting the appropriate settlement option. In the event of a total loss, common settlement options include Actual Cash Value (Market Value) and Agreed Value (a predetermined amount agreed upon between you and the insurance company).

On-Water Emergency Assistance

Similar to Roadside or Towing Coverage in your Auto Insurance, Emergency Assistance coverage comes to the rescue when a boat is disabled while afloat, providing you with support in an emergency.

Personal Effects & Unattached Equipment

Your base policy typically includes a minimal amount of Personal Effects Coverage, which can be changed if needed. This coverage extends to items on your boat that are not part of the hull or permanently attached equipment. A few examples would be clothing, unattached fishing equipment, and scuba gear.

Package Endorsements

Insurance companies often offer packaged options that enhance coverage at a minimal cost. These packages may include extended coverage for fishing equipment, personal effects, Emergency Assistance, and fuel and spill liability. Additionally, they may offer increased payment for losses involving newer boats.

Boat Trailer & Boat Lift

Physical Damage Coverage for a Boat Trailer or Lift is available within a Boat Insurance Policy. If you desire this kind of coverage, make sure that it is explicitly listed on the policy to ensure that you have coverage.

To Conclude

Your boat represents a substantial investment, and maintaining it can incur significant expenses. That's why having the right policy in place is crucial to help with the financial burdens and potential headaches that may arise in unfortunate situations with your boat or yacht. Our team of insurance professionals is here to assist you in assessing your needs and designing a customized insurance plan that offers protection at an affordable cost.

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