Boat Insurance

A boat owners insurance policy can insure you against most risks of owning and operating your boat, its motor, and its trailer.

These risks may include:

• Sinking
• Fire
• Storms
• Theft
• Capsizing
• Stranding
• Collision
• Explosion

The property covered under boat insurance includes equipment permanently attached to the boat as well as:

• Anchors
• Oars
• Electric trolling motors
• Extra fuel tanks
• Tools
• Detachable canopies
• Seat cushions
• Life preservers
• Skis and their tow ropes
• Dinghies

It can also protect you against liability lawsuits, should you injure someone with your boat or damage their property.

Boat Liability Insurance coverage includes:

Boat liability coverage provides protection for legal liability because of an accident resulting from the ownership, maintenance, or use of your watercraft, including bodily injury, property damage, and legal defense.

Boat medical payments coverage pays medical expenses up to the limits in the policy for you, your resident relatives, and other occupants of the boat injured by an accident arising out of the ownership, maintenance, or use of the watercraft.

Additional boat insurance coverages include those for:

Newly acquired watercraft covers your newly acquired watercraft for damage caused by an insured loss. Must be replacing the existing State Farm insured boat and all boats owned need to be insured with State Farm.

Reasonable repairs covers repairs incurred to protect covered property from further damage.

Emergency service pays up to $500 for reasonable costs that you incur resulting from specified emergency service to your boat, motor, or boat trailer.

Wreck removal pays the reasonable expenses you incur for any attempted or actual raising, removal or destruction of the wreck of your boat when damage is caused by an insured loss and removal, or destruction is required by law.