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What to Know About Boat Insurance

By April 22, 2021May 4th, 2021Boat insurance

The National Marine Manufacturers Association reported that more than 310,000 new powerboats were sold in the United States last year. That’s almost 850 boats per day!

Whether you recently purchased a boat or you’re a seasoned boater, now is a great time to review five common questions we get asked about boat insurance.

Why do I need boat insurance?

Boating accidents happen. Without insurance, you will be personally responsible for all injuries and property damage incurred if you have an accident while driving your boat.

Doesn’t my homeowner’s policy cover my boat?

Some boats may have coverage on a homeowner’s policy, but the coverage is very limited. The general limit on a homeowner’s policy is $1,500 for property damage to a boat that is under 26′ and under 25 HP. In addition, the deductible applies if a claim is made, which further limits your coverage.

What coverage should a boat policy include?

  • Bodily injury liability -Covers you for injuries and lawsuit expenses if you cause an accident
  • Uninsured Boater-Covers you and your passengers for injuries sustained from a boater who doesn’t have insurance
  • Property damage liability -Covers property damage you cause
  • Medical payments -Provides funding for anyone who is injured while boarding, riding in, or getting out of your boat
  • Physical damage -Covers damage to your boat, engine, and boat trailer.


What are the most common boating insurance claims?

  • Colliding with another boat
  • Colliding with the dock when pulling in
  • Weather damage to your boat
  • Theft of your boat
  • Hitting a submerged object


What are the biggest reasons people have boat claims?

  • Operator error
  • Lack of experience driving a boat
  • Excessive speed
  • Machinery failure
  • Alcohol usage

Learn more about boat insurance from The Turner Agency and ask for a quote by clicking here.

Click here for an emergency preparedness checklist for boaters from our partner, Travelers Insurance.

Boaters under 16 years of age are required by law to pass an approved boater education course before operating, without supervision, a personal watercraft (jet ski) or a boat powered by a 15 hp motor or more. Learn more about SCDNR boater education regulations by clicking here.