Boat/PWC Insurance

Enjoying the water should be carefree. With boat and personal watercraft insurance from Aspen Insurance Agency, you can relax knowing your vessel is protected. We offer insurance coverage for a wide range of watercraft including bass boats, cruisers, pontoons, fishing boats, runabouts, sailboats, catamarans, utility boats, and personal watercraft such as jet skis and wave runners.

Do You Need Boat Insurance

Many homeowners and renters insurance policies offer limited or no protection for small boats such as canoes, kayaks, or small sailboats. If any coverage is provided, it is often capped around one thousand dollars or ten percent of a home policy’s property limit and usually includes the boat, motor, and trailer combined. Liability protection is generally not included unless it is available to add as an endorsement.

Larger, faster, or more valuable boats require a separate boat insurance policy. Your premium is based on the size, type, and value of your boat, as well as where and how you use it.

Types of Boat Insurance Coverage

Boat insurance offers protection for the hull, motor, machinery, permanently attached equipment, and furnishings. You can choose between two main settlement types for covered physical damage:

Actual Cash Value

Pays the replacement cost minus depreciation at the time of loss. Total losses are based on used boat market guides. Partial losses are settled by subtracting depreciation from repair costs.

Agreed Amount Value

You and the insurer agree on the value of the vessel in advance. In the event of a total loss, that agreed amount is paid. Partial losses are paid without deduction for depreciation.

What Boat Insurance Covers

Boat and personal watercraft insurance typically includes:

• Bodily injury coverage for injuries caused to another person
• Property damage coverage for damage caused to someone else’s property
• Other driver liability for legal costs if someone operates your boat with permission
• Medical payments coverage for injuries to you and your passengers
• Theft protection

Boat Safety and Maintenance Tips

Safe boating helps prevent accidents and protects your investment. Always follow these guidelines:

• Make sure every passenger wears a life jacket
• Learn boating rules and navigation laws
• Keep a lookout for swimmers, debris, and shallow waters
• Avoid operating a boat under the influence of alcohol or drugs
• Do not overload your vessel or shift weight suddenly
• Keep safety equipment on board including navigation lights, fire extinguishers, first aid kits, and communication tools

The U.S. Coast Guard Auxiliary offers free boating safety courses and Courtesy Marine Examinations that check your vessel for proper safety gear.

Optional Coverages and Discounts

Boat owners may add additional coverage such as:

• Trailer coverage
• Accessory and equipment coverage
• Towing and assistance coverage
• Umbrella liability insurance for added protection

Ask about possible discounts for:

• Claims free boating history
• Multi policy discounts
• Completion of boating safety courses

Items Commonly Covered

Many policies include coverage for boat related equipment such as:

• Anchors
• Pumps
• Fuel tanks
• Horns
• Batteries
• Depth finders
• EPIRBS

Items Often Excluded

Some personal items may not be covered under a standard policy, including:

• Cameras
• Cell phones
• Jewelry and clothing
• Accessory equipment

Review your policy to understand what is included and what may require additional coverage.

Get a Boat or Watercraft Insurance Quote

Contact Aspen Insurance Agency today to request a boat or personal watercraft insurance quote. Our experienced team will help you choose the right protection for your vessel.

About Aspen Insurance Agency

Aspen Insurance Agency is based in Denver, Colorado, and serves clients nationwide. As a familyowned agency, we work with multiple insurance carriers to offer affordable and comprehensive insurance solutions. We provide personal, commercial, and professional insurance to residential and commercial clients, helping you secure the coverage you need at the lowest possible cost.