Choosing the Right Boat Insurance Company

Posted by SkiSafe         0

So, you’re thinking about buying a boat. You run the numbers to make sure it fits your budget. Let’s say you budget $40,000 for the boat, motor, trailer, and first season’s maintenance. Before signing the papers, you will also want a quote to find out how much your boat insurance may cost. Insurance is likely the smallest expense associated with owning a boat, but arguably the most important as it protects the entire investment.

If you call your agent, he or she may get you a price based on the boat's value and speed through it without questioning the exact make and model you are considering. The agent probably has the rest of the knowledge from your automobile information and homeowners file.

Does this mean that your boat insurance premium is based on the value rather than the type of boat? Should insurance cost the same for a $40,000 bass boat and a $40,000 pontoon boat? What if you are insuring a tournament ski boat, day cruiser, fishing boat, or ski boat? Should it cost the same to insure each of these boats?

The truth is a traditional insurance company may underwrite a tournament ski boat as a high-performance boat because they lump it together with other 20-foot boats with engines putting out close to 400 horsepower. They do this even though you know your new ski boat is anything but a speed boat.

Similarly, other carriers look at your pontoon boat and don’t see a relaxing afternoon on the lake. They see an unstable “party boat”.

You put the time into choosing the right boat. It only makes sense to put the time into selecting the right company to protect your investment. Find a carrier that specializes in boat insurance because your boat may qualify for discounts that are unavailable from the general companies. Your boat is a serious investment. Boat insurance is just as important and deserves the same consideration.

Check with us today at and make sure your boat insurance is in the hands of professionals. 




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