{"id":352571,"date":"2017-06-01T16:40:01","date_gmt":"2017-06-01T21:40:01","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/consumer\/insurance\/boat-or-marine-insurance.html"},"modified":"2023-12-07T14:06:49","modified_gmt":"2023-12-07T19:06:49","slug":"boat-or-marine-insurance","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/consumer\/insurance\/boat-or-marine-insurance.html","title":{"rendered":"Boat or Marine Insurance"},"content":{"rendered":"\n
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Boat or Marine Insurance<\/h1>\n
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\n By Oni Harton, J.D.<\/a> | Legally reviewed by Melissa Bender, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

You managed to save up enough to buy the boat you’ve been eyeing for years and can’t wait to take her out for the first time. You load up your fishing equipment or water skis for a day of fishing on your pontoon boat or a day of watersports. Or maybe you own a cargo ship that transports goods on a regular basis.<\/p>\r\n

Protect Your Investment<\/h2>\r\n

In any scenario, the last thing you want is for something to happen to your boat, passengers, or property. You could encounter anything from hidden sand bars to reckless boaters and anything else in between.<\/p>\r\n

You need to protect your investment for peace of mind and to control any out-of-pocket expenses that may result if something happens to your boat, cargo, passengers, or bystanders. For most boat owners, this means exploring coverage options for liability coverage for watercraft.<\/p>\r\n

Many boaters purchase boat or marine insurance<\/a> to help cover the costs of unfortunate events. This article discusses different types of boat insurance, what’s covered, and important things to consider when selecting a boat or a marine insurance policy.<\/p>\r\n

What Is Boat or Marine Insurance?<\/h2>\r\n

Boat and marine insurance are similar, but marine insurance deals with commercial vessels. Boat insurance is for recreational boaters<\/a>. Boat insurance helps you cover your losses if there’s an accident and property is damaged or people are injured, depending on the type of policy you buy.<\/p>\r\n

While your homeowner’s insurance policy<\/a> might cover a small boat under certain circumstances, other types of boats require actual boat insurance in order to provide an adequate level of protection. Like other kinds of insurance, you have options regarding the amount of your deductible and the liability limits.<\/p>\r\n

Working with a reputable insurance agency can lead you the specific coverage options that work with your total financial situation. For example, they may be able to bundle your insurance policies, such as your umbrella policy, auto insurance, or homeowners policies with any coverage you need for your watercraft. This could result in cost savings.<\/p>\r\n

What Does Boat Insurance Cover?<\/h2>\r\n

Boat insurance is similar to both home and automobile insurance<\/a>. You have options regarding how much coverage you buy, but some of the most common types of coverage include the following:<\/p>\r\n