Yacht Insurance
Yacht Insurance and Boat Insurance
Yacht insurance and boat insurance can include several different types of coverage (in the same way that an auto insurance policy can include multiple coverages). Some common types of boat and yacht insurance coverage include boat liability, comprehensive coverage, and collision coverage. Learn more about these types of coverages and additional yacht and boat insurance questions below.
Types of Boat Insurance
Boat Insurance Liability
Liability boat insurance helps to offer coverage if the boat causes bodily injury (to others) or property damage (to someone else's property). Boat liability coverage is typically a lender and marina requirement.
Comprehensive Boat Insurance
Comprehensive boat insurance typically includes coverage for accidental loss or damages that your boat experiences. Examples of comprehensive boat insurance covered losses include theft, fire, sinking, collision or wreck, and certain types of environmental damage. Some comprehensive boat insurance policies may also include liability boat insurance within the provided policy.
Boat Collision Insurance
Much like auto collision insurance, boat collision insurance helps to pay for damages to your boat that were caused in a collision incident regardless of fault. Boat collision insurance can be helpful, especially in cases where another boat involved in the collision has insufficient insurance to cover claims for damages to your boat.
Yacht Insurance Coverage
Yacht insurance requirements will vary depending on marina and yacht club regulations, as well as any state and federal regulations. For high value yachts, comprehensive and collision coverage are especially important to help cover costs of any potential damages.
Sailboat Insurance Requirements
Similar to yachts, sailboat insurance requirements may depend on the location of the marina, including federal, state, and marina-based regulations. Sailboat insurance cost may vary based on the type of sailboat, value, age, and location.
While Guardify does not offer a sailboat insurance cost calculator, Guardify agents are prepared to help you obtain and compare quotes, so you get the best sailboat insurance policy for your goals.
If you're looking for the best boat insurance company, let Guardify help you find the right carrier for your needs! The average cost of boat insurance may vary based on the unique characteristics of your boat, location and usage. Find a Guardify agent to discuss yacht and boat insurance.
Types of Vessels
Guardify can assist you for the following boat insurance categories:
- Speed boat insurance
- Power boat insurance
- Sail boat insurance
- Yacht insurance
- Fishing vessel insurance
- Jet ski insurance
For boat trailer insurance, discuss options with your Guardify agent.
Boat Lift Insurance & Boat Storage Insurance
While boat lift insurance and boat storage insurance are available as unique insurance categories, these types of insurance can sometimes be included under other types of property coverage as well. Check with your Guardify agent regarding your boat lift or boat storage relative to other property policies that you may have in place. Commercial boat lifts and commercial boat storage will need a separate commercial policy from personal use.
Looking for commercial marina insurance? Visit our Marina insurance page.
Boat Insurance Texas
Texas offers a number of coastal and inland boating opportunities. Texas boat insurance requirements may depend on the marina, location, and context of boating. Average cost of boat insurance will vary depending on your specific vessel characteristics. Let Guardify help you find the best boat insurance in Texas!