Boat Insurance

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Whether your boat is built for sailing, fishing, entertaining, or all of the above, it deserves special attention from an insurance agent who understands boat insurance — also known as personal watercraft coverage (PWC). You should also work with an agency that has access to premier boat insurance companies with superior risk management and claims service offerings.

Boat Insurance Basics

In a nutshell, boat insurance is designed to cover your property, your personal liability for loss events occurring on the water, and damages caused by uninsured boaters. Your boat insurance premium is based on many factors — including boat size and horsepower, location of use, and frequency of use.

Ask your agent about any special considerations you may have (e.g. year-round use, racing, etc.). If you’re comparing two or more quotes, be sure you’re making an apples to apples comparison — meaning, are certain “standard” components, like emergency towing or haul-out services, included in both options?

Average Cost of Boat Insurance

There is no average cost of boat insurance. Reach out to your insurance agent with the details on your boat as it will be rated independently.


What Factors Affect Average Boat Insurance Pricing?

The Massachusetts Division of Insurance lists many different factors that will impact the cost of boat insurance, including:

  • Your age
  • The type of boat or watercraft
  • The age, condition, and value of the boat or watercraft
  • Boating experience (how long and what size boats have you owned?)
  • Deductible amount
  • The areas in which you’ll operate the boat (lakes, oceans, rivers, etc.)
  • Your boating safety record (have you been involved in any boating accidents?)
  • Geographic location
  • Whether the boat is used as a primary residence
  • Whether the boat is handmade or has a motor
  • Discounts (including multi-policy discounts)
  • Whether you own multiple boats and qualify for a multi-boat discount

You may also receive discounts for carrying safety equipment on your boat (such as fire extinguishers) and/or participating in safety courses offered by the United States Coast Guard, American Red Cross, United States Power Squadrons, or National Association of State Boating Law Administrators.

Kinds of Boat Insurance Policies

There are also different kinds of policies depending on the type of water vessel.

  • Boat (smaller than 26 feet in length)
  • Yacht (typically anywhere from 27 feet in length or larger)
  • Sailboats
  • Professional policies that cover charters, fishing guides, tours, etc.
What Does an Average Boat Insurance Policy Cover?

According to the state of Massachusetts, a policy will protect you against a number of perils, which are defined as events or incidents that damage your boat. These include collisions, fires, windstorms, theft, lightning, and vandalism. Typically these policies don’t cover acts of war and poor vessel maintenance (in other words, you can’t submit a claim for damage if you aren’t properly taking care of your boat.)

So here are the basics: A typical boat insurance policy will cover physical damage to your boat, and your personal items that may have been lost or damaged. A policy will also include coverage for property damage, personal liability and medical expenses if there is an accident, regardless of whether you or someone else driving your boat is at fault. Legal costs may also be covered depending on the situation.

Need urgent help with a claim? Contact us now.

Outside our regular business hours, press “9” when prompted, to reach our 24/7 call service or contact your carrier directly.

Types of Boat Insurance Coverage

Boating insurance requirements may vary by state, and some docks or marinas may require a certain type of policy. Here are the typical types of coverage:

  • Specialized — This coverage refers to something specific on your vessel.
  • Salvage — This coverage will pay for expenses in the event you need to pay to remove your boat due to an accident or damage.
  • Consequential —This covers non-accident damage, such as typical wear and tear or rot, mold, etc.
  • Towing — This covers towing expenses.
  • Cruising extension — If you’re planning on taking your boat outside the United States, you can opt for this additional coverage.
What is the best coverage for my boat?

We recommend an “all risk” policy.

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How much should I insure my boat for?

You should insure your boat for the amount it would take to replace it — otherwise known as “agreed value” coverage.

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What other coverages can I expect with my policy?

A typical boat insurance policy will cover property damage and help replace or repair any personal items that may have been lost or damaged.

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Who is allowed to operate my boat?

The majority of boat insurance policies allow anyone to operate your boat, as long as you’ve provided permission.

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I live in an area where I can’t use my boat in the winter, but my lender requires it be insured year-round. What can I do?

You may be able to receive what is called a “lay up” discount. It’s best to give us a call  to discuss your year-round coverage possibilities.

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What are the differences between boat and yacht insurance?

Yacht coverage is typically broader since these larger vessels often travel on longer journeys, which increases the risks for perils and exposures. Boats tend to stay closer to shore.

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Boat Insurance With C&S Insurance

We know Massachusetts residents like to enjoy time on the water (our team included!), so we understand firsthand the importance of boating insurance to keep you and your family safe. Our specialized agents have handled this type of coverage for decades, and they understand all types of local, state, and national boating laws and regulations.

Ready to talk boat insurance? We’ll find a policy that’s right for you, so contact us today to get started!

Also, don’t forget to alert your agent when you add valuable contents or features to your boat. As with your home, upgrades may affect replacement value and/or warrant the addition of specialty endorsements (e.g. coverage for fishing gear, water sports or scuba equipment).

We’re also here to help with:

  • High-Value Home Insurance
    Homes that stand apart for their historical architecture, interior design, eco-friendly features, or overall value require specialty coverage.
  • Valuable Property Insurance
    Whether it’s jewelry, art, or wine, we offer ample coverage with flexible terms for all your valuable possessions and collections.
  • Vacation Home Insurance
    Owning multiple homes creates specialized insurance needs. Ask our experts to review your properties and coverage plans.
  • Personal Excess Liability Insurance
    Protect the things you’ve worked so hard to build. Understand the different facets of personal excess liability.