For boat enthusiasts, the allure of being on the open water, whether for a coastal cruise, water sports or fishing trip, is unmatched. However, it’s essential to protect your investment with boat insurance to manage possible risks and uncertainties.  

What Is Boat Insurance? 

Boat insurance is a type of coverage that helps provide financial protection for boat owners in the event of various accidents, damages or liabilities associated with their boats or watercraft. 

What Does Boat Insurance Cover? 

Boat insurance policies can vary in terms of coverage options and requirements, but they typically offer the following coverages: 

• Liability coverage may help pay for property damage or bodily injuries you cause to others while driving your boat and may help cover legal fees resulting from such accidents.
• Uninsured/underinsured coverage may help pay to repair or replace your boat if it’s involved in an accident with an at-fault party who lacks adequate insurance. These coverages may also help cover medical expenses for bodily injuries you suffer from these accidents.
• Medical payments coverage may help cover medical expenses for you and your passengers if you are in an accident involving your boat, regardless of who was at fault. 

Some additional coverage options may include roadside assistance, water sports coverage, total loss replacement, comprehensive coverage and collision coverage. 

How Does Boat Insurance Work? 

Boat insurance functions by boat owners selecting a policy, paying regular premiums for coverage and filing a claim if an incident occurs. After reporting an incident, an insurance adjuster assesses the damage or liability, and the insurance company may pay for covered losses minus any deductibles. Boat insurance is essential to protect boat owners from unexpected financial risks associated with their watercraft. 


Contact Keats Insurance Agencies today to discuss your coverage needs and receive a personalized quote. We are licensed in New York, New Jersey, Connecticut, Pennsylvania, Virginia, Georgia and Florida.