Do You Need Year-round Boat Insurance?

Owning a boat and getting to go out on the water any time you want is exhilarating. You feel the wind in your hair and smell the salty sea under your nose. The waves bash against the hull and you hear the snaps of the mainsail; it’s a feeling of freedom others won’t understand. It’s understandable why over 75 million people in the U.S. join in on this activity.

Of course, there’s the more serious side of boating. You must have good boat insurance in place when you own a boat, whether you’re on or off the water.

Why do you need boat insurance?

It might be overwhelming to have to take out another insurance policy, but the fact is that homeowner’s insurance will not extend to cover your boat. Boats are different and that comes with different risks, then a house with a stable foundation. Boats can sink, shallow water with jagged rocks can damage the bottom of your boat, engines can die while you’re out on the ocean, or you can get into a boat accident. Yes, that is possible even in the vast waters.
The reasons listed above, and so many others, are why you need to get boat insurance. If your boat is damaged or considered a total loss, you don’t want to have to pay for it out of your own pocket. The Boat insurance will give you coverage, up to your selected limit,

Do You Need Boat Insurance in the Winter?

The reasons above are for when you are on the water. So, what about when it’s winter and you have your boat parked in the driveway? I mean, what can go wrong here, right? Wrong. There are multiple elements that aren’t just limited to fair weather. Theft, vandalism, fire and floods can happen and if you are not covered in the winter when this happens, that’s going to dip into your savings account. The National Insurance Crime Bureau found that 53% of watercraft thefts, in 2012, happened during the off-season months of the year.

What Does Boat Insurance Cover?

Boat Insurance - Boat on waterBoats are different than houses or auto, so the coverages are different in what they consider as covered losses. Boat insurance coverage includes these options, below:

  • Total Loss Replacement
  • Uninsured Boaters Coverage
  • Actual Cash Value
  • Disappearing Deductibles
  • On-water Towing and Labor
  • Agreed Value Coverage

If you’re in need of boat insurance or a change in your current boat insurance policy, contact a knowledgeable QRV Insurance Specialist today. You can also learn more about boat insurance coverage here.


The information in this article was obtained from various sources. This content is offered for educational purposes only and does not represent contractual agreements, nor is it intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. The definitions, terms and coverage in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

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