Watercraft Insurance

Yacht and Boat Insurance

Much like auto insurance, boat insurance covers your boat or yacht for liability and physical damage. In addition, you can also purchase coverage for medical payments, personal property (including fishing equipment), towing, trailer, and uninsured boater coverage.

Here are some items you’ll need to consider when shopping for boat insurance in Connecticut and New York:

• Navigational Area: Know where you are covered in the water. Some insurance companies offer protection that covers you up to 75 miles from the U.S. coastline, into Canadian coastal or inland waters.

• 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.

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

• Uninsured/Underinsured Watercraft Bodily Injury: Since boat insurance 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.

• Agreed Value Coverage: Watercrafts depreciate just like cars. Actual cash value policies can make it difficult to replace a boat that has been stolen or destroyed. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible.

• 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.

• Fuel Spill Liability and Wreckage Removal: Should your boat sink or be seriously 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, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Limits vary by state, so check with us for what’s required in New York. 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, etc.

• Trailer: Coverage for your trailer while in use and or in storage.

• Emergency Assistance: The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.

Who Should Buy Boat Insurance?

All boat or jet ski/wave runner owners should carry boat insurance for at least liability. We also recommended that you purchase an umbrella liability policy to better shield you from an injured party.

The best way to navigate the fine print of your policy is with an experienced agent who has your best interest in mind. At Daigle & Travers, we pride ourselves on being those kinds of agents.

For a free quote for your business or personal insurance, send us a message or call us at (203) 655-6974

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