Covenant Insurance Group East

Leave your worries on shore and enjoy smooth sailing. 🌊🚤

Owning a boat is all about relaxation and adventure—but it also comes with risks like accidents, theft, damage, and liability. That’s where watercraft insurance comes in, helping protect you, your passengers, and your investment so you can focus on enjoying the water.

Here’s how coverage can help:
✔️ Physical damage coverage for collisions, storms, fire, theft, and vandalism
✔️ Liability protection if you cause damage to another boat or injuries to others
✔️ Uninsured/underinsured boater coverage for added protection on the water
✔️ Towing & assistance if you break down or run out of fuel
✔️ Personal property coverage for gear, equipment, and valuables onboard

Optional add-ons can help cover fishing gear, water sports equipment, and other items that make your time on the water even better.

Because the best days on the water are the ones without worry.

📞 Contact us today to explore watercraft insurance options tailored to your boat and your lifestyle.

Physical Damage

Risk Factor
If your watercraft is damaged in an accident with another vessel or a collision with a dock, rock, or submerged object, the expenses associated with repair or replacement could be substantial. Your boat could also be damaged due to vandalism, explosions or fire, weather-related causes, or falling objects.

Solution
Physical damage coverage has two parts: collision (when your vessel collides with another vessel or object) and comprehensive (when your vessel is damaged due to vandalism and weather or is stolen). This coverage usually carries a deductible that you are responsible to pay before the policy begins to pay.

What are the financial risks of owning a boat?

Boats come with risks similar to vehicles, including accidents, breakdowns, theft, property damage, and liability if you injure someone or damage another vessel. Insurance helps protect you from these costly situations.

Property Damage Liability

Risk Factor
Regardless of whether your watercraft is operated on a lake, river, bay, or ocean, there is always the risk of causing damage to someone else’s property. For example, you could be trying to dock your boat on a windy day when you hit against another boat or the dock and cause damage.

Solution
Property damage liability coverage protects you if your watercraft damages someone else’s property such as a boat or watercraft, a dock, or pilings. Damage could easily reach in the tens of thousands, and without the proper level of insurance, you can be left financially ruined if found at fault.

Why is watercraft insurance important?

Watercraft insurance gives you peace of mind on the water by protecting you from unexpected costs like accidents, damage, theft, and liability—so you can focus on enjoying your time on the boat.

Thank you, Lou P., for your wonderful review! We’re so happy to hear Holly provided the courteous, efficient service you deserve.

Our team works hard to make every interaction helpful and stress-free, and we’re grateful you took the time to share your experience. We truly appreciate your trust in Covenant Insurance Group!

Agreed Value vs. Actual Cash Value

Risk Factor
Boats and watercraft can vary widely in price and value. If a loss occurs, the type of insurance policy you have can make a great deal of difference when it comes to the amount the insurance company will pay.

Solution
Because boats depreciate in value over time, the amount they are worth can be quite different than the amount it would cost to replace it. Agreed value refers to an amount agreed upon between the policyholder and the insurance company. In the case of a loss, the policy will pay the agreed value of the vessel, even if it has depreciated in value since the policy was written. Actual value refers to the value of the vessel at the time of the loss, which could leave the boat owner to pay the difference between what the insurance company will pay and the cost of a new boat.

As the weather gets warmer, this could mean spending the day on the water. Whether it’s a day sail or boating around a lake, it’s helpful to brush up on boating safety best practices to help avoid an accident.

In 2022, 636 people lost their lives in boating accidents, according to the United States Coast Guard. Another 2,222 were injured in 4,040 total boating accidents for that year. As concerning as these numbers are, they shouldn’t prevent you from enjoying the water. Just remember to follow some important boat safety precautions before you head out:

You spent the winter months dreaming of being out on the water and, depending on where you live, it’s finally here: beautiful weather you can enjoy on your boat. Before you set sail, make sure your boat and your boating equipment are prepped and ready for the season by following these tips: