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What is Boat Insurance and Do I Need It?

By June 7, 2023July 20th, 2023No Comments

If you own a boat or are thinking about getting one, you likely associate it with fun-filled days on the water in the company of family and friends. But your boat is also an investment and a liability. You need to protect it — and yourself — from damage, theft and accidents. That’s where boat insurance comes in.  If you have any questions, contact our office at 413.475.7283 or Complete our online quote form today!


Boat insurance, often referred to as a marine insurance policy, provides peace of mind, knowing you’re covered should the unfortunate or unforeseen occur. Boat insurance is an insurance policy that covers property damage or liability expenses related to your motorized watercraft. It’s usually distinct from a homeowner’s insurance policy, even if the boat sits on a trailer in your side yard. Depending on the level of coverage you choose, a boat insurance policy serves two main purposes. It pays for loss or damage to the boat, and for damages or injuries to others related to boat usage.

If you have any kind of motorized watercraft, whether it’s a small fishing boat or an expensive ocean-going vessel, you almost certainly need boat insurance. Some boaters believe a homeowner’s insurance policy covers their boat. This may be in part true for smaller boats kept on the same property, but insurers routinely warn that homeowner’s policies rarely offer coverage that boaters need out on the water, especially aboard powerboats. Standard boat policies cover things like the boat’s hull, engines, batteries, and other components, as well as incidents such as fuel spills or wreckage removal if you get into an accident with your boat.

Boat insurance coverage depends on your state, your insurance company and the coverage options you choose. Standard options typically include:

Physical damage. This includes damage caused by collisions with another boat or a submerged object.

Liability. If you cause an accident with your boat or someone is injured while aboard, the bodily injury or damage to the property of others is covered.

Personal property. If the boat sinks, your items, such as phones, cameras and fishing gear may be covered.

Towing and assistance. This includes reimbursement for emergency transportation of your boat to the closest repair facility when it’s inoperable, gas delivery (but not the cost of the gas) and roadside assistance reimbursement.

Theft. Most boat insurance policies cover theft of the boat itself, but might not cover theft of items onboard.

To determine how much a boat-insurance policy will cost, contact Encharter Insurance at (413) 475-7283 or visit

Chat with an Encharter agent about your insurance today:
Complete our online quote form

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