What is boat insurance?

A boat policy insures you and your boat against liability and damage in the event of an accident. The types and amount of coverage you receive depend on the specific boat policy you purchase.

Isn’t my boat covered under my auto or homeowner’s policy?

Typically, auto or home insurance does not provide you with the right coverage on your boat or personal watercraft. Most homeowner’s policies have size restrictions, as well as limitations on horsepower, and damage coverage. Exact coverage limits vary by state, underwriting company, and contract. The most important thing to remember is that if you don’t have a separate boat insurance policy, you’re typically underinsured.

What does boat insurance cover?

Boat insurance needs differ depending on the type of boat or PWC you own. Here are some typical coverages:

For you and your boat:

For you and your boat:

  • Damage to your boats: hull, sails, machinery, furnishings, motor, and trailer
  • Liability only
  • New boat replacement
  • Agreed hull value
  • Actual cash value
  • Fuel spill liability
  • Medical payments
  • Salvage coverage and wreck removal

For others:

  • Damage to another boat
  • Damage to other property caused by your boat
  • Bodily injury/death of another person

Optional insurance coverages:

  • Multiple towing options, on and off the water
  • Disappearing deductibles
  • Coverage for your personal property
  • Coverage for your fishing equipment
  • Coverage against injury to you caused by an uninsured boater
  • Hurricane haul out
  • Ice/freeze coverage

Boat Insurance Discounts

Every dollar counts.


  • Multi-policy discount for current GEICO auto policyholders
  • Navigation area
  • Good driving record
  • Passed a boat safety course