Boat Insurance

Boat in Water


Let’s talk about the basics of boat insurance and how Weber Insurance can help you with coverage.

Actually, you might not know that one of the earliest forms of insurance was boat insurance. It’s true!

The sailors of old sought to insure their vessels against damages from the unpredictable elements associated with navigating the high seas.

Your boat is a large financial investment and its use can lead to damages. Each year boats are damaged and people are injured in boating accidents. Even parked boats can be damaged by other vehicles and vandals. Therefore, taking out a recreational boat insurance policy can give you some sense of peace while you enjoy boating.

Boat insurance policies vary widely in coverages and a number of considerations come into play such as the type of boat, its size, where it will be used (lakes or oceans) and the amount of time you plan to spend on the boat. You might even be eligible for a cost savings if you can couple your boat coverage with auto and home insurance policies. Just like drivers of cars, there are some discounts for safe boaters!

Here are some coverage and costs considerations to keep in mind.

Physical Damage

This type of coverage insures your boat against damage and loss caused by common risks, such as sinking, fire, storms, theft, and collision…just like the ancient mariners encountered! The property covered can vary but the policy will usually cover the hull and other permanent components, such as the motor(s), extra fuel tanks, batteries, anchors and the onboard safety equipment, such as flotation devices and fire extinguishers.

Ask your Weber Insurance agent what coverages you need and want to have. In some cases, your boat trailer may not be covered. Coverages are dependent upon the policy terms.

When choosing your policy, be sure to ask Weber Insurance whether you will be insured for the boat’s replacement cost or its actual cash value. As with auto coverage, replacement cost policy will reimburse you the cost of repairing the boat to its original condition or replacing the boat with the same or a similar model. A policy based on actual cash value will reimburse you for the current market value of the repair or replacement. This coverage will be determined by subtracting the depreciated value from the original value.

Liability Coverage

This coverage applies if your boat causes injury to others or damage to other boats, docks, or structures. Keep in mind that the injury or damage can be due to direct contact with your vessel or situations caused by your vessel, such as large wakes. Good liability coverage may provide protection against lawsuits, including the payment of settlements and legal fees.

Other Coverage

Weber Insurance will be able to recommend what, if any, additional kinds of coverage will be a part of your basic boat insurance. If you have other needs, ask Weber Insurance what coverage is available.

Boat Insurance Discount

Want to lower your costs? You can do so by becoming a safe boater. Some insurers may offer discounts to boaters who have completed an approved boating safety course. Your boat may also qualify for a discount by passing the U.S. Coast Guard Vessel Safety Check. Why not check today?


Weber Insurance offers Boat Insurance coverage. See our Contact page to phone or email us