Boat & Watercraft Insurance

With boat and watercraft insurance, your time on the water can stay relaxed and worry-free knowing that you have coverage to protect you and your passengers as well as your boat and equipment.

Navigational Area

When purchasing boat insurance, you’ll want to know where you’re covered on the water, and this will vary with each insurance company. Some may cover you for up to 75 miles off the coastline, into Canadian coastal or inland waters, and even off of Mexico. Ask your agent to see where you’ll be covered on the water.

types of Coverage

Depreciation of boats is similar to automobiles in that they lose their value with age. It’s important that you know what kind of watercraft policy you have with your carrier, as this will determine how much damage will be covered under your policy. Some policies will have a set schedule of depreciation and will only pay up to the current value of the boat, while others offer agreed value coverage, meaning you will get a replacement boat for a set value that was predetermined, so as long as the boat is within a certain number of years of age. These details are important to discuss with your insurance carrier/agent.

Although Missouri and Illinois do not require you to carry watercraft insurance, most realize the importance of covering their valued assets and carry it. Talk with an agent today to find out more on what kind of boat insurance policy will best fit your needs.