Boat & Yacht Insurance

All in One Insurance Group can help make your time on the water relaxed and worry-free! We will find you comprehensive protection that protects you, your friends and family, your watercraft and your boating equipment. 

 

The average boat costs less than a dollar a day to insure. You’ll enjoy being on the water, even more, when you aren’t worried about your safety, the safety of your passengers, or your investment.  Yacht insurance is for anything over 27 feet.   If you are looking for yacht insurance, then you have come to the right place.  With access to nearly every major market for insuring yachts, coupled with our years of experience writing diverse yacht values and navigational requirements, we’ll help you find the right product to suit your unique needs and budget.  Just click below to get started on your quote.

 

General Considerations for Yacht Insurance

• Always provide your 12-month cruising itinerary – the more we can dial in the navigation, the better the rate!

• For US West Coast Vessels

• Surveys required for vessels in excess of 20 years in age and over $40,000 in value.

• For vessels in excess of $150,000 over 20 years in age: we can indicate premiums contingent on a survey.

• Liability Only – Non-Liveaboards – available upon request (certain states).

• Liability Only – Liveaboards – requires survey for vessels in excess of 10 years in age.

• Wooden Vessels – require out-of-water survey (within 12 months) included with any application to indicate any rates.

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Custom Enhanced Programs for Yacht Insurance

• Custom / Semi-Custom Sportfish, Trawlers, Long Range Cruisers, & “Down East” Boats in excess of $250,000

• Yachts over $1,000,000 with a full-time captain

• Yachts over $1,000,000 with owner / operators

 

Customized Coverage & Exclusive Yacht & Boat Insurance Product Solutions

All in One Insurance Group can arrange insurance coverage for all categories of boats, yachts and pleasure craft. We provide the finest and most affordable marine boat and yacht insurance products available. Our insurers represent the yachting spectrum from coastal cruising small boats to mega yachts worldwide.

 

Do you know what to look for in a watercraft insurance policy? 

Your Watercraft insurance coverage is most often made up of the specific options you choose, including:

Navigational Area
Know where you are covered in the water. Some companies offer protection that covers you up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico. 

Agreed Value or Market Value Coverage.

Typically, insurance companies offer two different types of boat insurance: “agreed value” and “market value”. Fox Business describes the difference between these two policy types as lying in the depreciation value of the vessel. Agreed value policies require the insurance company and policyholder to agree on the market value of the boat at the onset of the policy. If something happens to the boat, the policyholder receives the full value of it. Conversely, market value policies insureLike car insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident for which you

Liability
Like car insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident for which you are at-fault.

Medical Payments 
Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is typically available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.

Physical Damage Coverage
Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer if it is stolen or damaged.

Uninsured/Underinsured Watercraft Bodily Injury 
Since boat coverage is not always mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater, and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.

Fuel Spill Liability and Wreckage Removal
Should your boat sink or be severely damaged, there is a chance that it could leak oil or fuel into the water. As the boat’s owner you are required by law to have this cleaned up, which can be time consuming and expensive.

Personal Effects
Your policy can provide coverage for many personal effects, including: 

• clothing

• cell phones

• scuba/snorkeling and other sporting equipment

• fishing equipment

• Personal effects coverage does not include jewelry, watches or furs.

 

Unattached Equipment Coverage 
This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft but is designed for use primarily on a boat. This includes items like: 

• lifesaving equipment

• water skis

• anchors

• oars

• fire extinguishers

• tarps

 

Emergency Assistance 
Some boat insurance policies may provide coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.

Important: This is merely an introduction to complex policy coverages. Be sure to contact All in One Insurance Group for detailed insurance information.

 

If you need boat or yacht insurance, contact All in One Insurance Group today to see how we can customize a policy for you.