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Home » How to Insure Different Types of Boats and Watercraft
September 18, 2023
Northwest Classic Insurance

How to Insure Different Types of Boats and Watercraft

Ah, the open water—a place of adventure, relaxation, and cherished memories. Whether you’re cruising along a serene lake, setting sail on the ocean, or revving up a jet ski for some fun in the sun, there’s no denying the allure of boating and watercraft activities. But before you embark on your aquatic escapades, it’s crucial to protect your investment and loved ones with the right insurance coverage. At Northwest Classic Insurance, we understand the unique needs of boat and watercraft owners, and we’re here to guide you through the process of insuring your aquatic vehicles.

Understanding the Basics

Before diving into the specifics of insuring different types of boats and watercraft, let’s cover some fundamental concepts:

  1. Boat Insurance vs. Homeowners Insurance: While some homeowners insurance policies may offer limited coverage for small boats, a dedicated boat insurance policy is often necessary to adequately protect your vessel and its accessories. Boat insurance provides coverage for risks specific to boating.
  2. Types of Coverage: Boat insurance typically offers several types of coverage, including liability coverage, property coverage, and optional coverages like medical payments and personal effects coverage. The level of coverage you need will depend on your specific situation.

Insuring Different Types of Boats and Watercraft

  1. Motorboats: These are the most common type of boats, ranging from small fishing boats to luxurious yachts. Motorboat insurance provides coverage for damage to your boat, liability protection, and optional coverages like towing and fuel spill cleanup.
  2. Sailboats: Sailboat insurance is designed to cover the unique risks associated with sailing, such as damage to sails and rigging. You can also get liability coverage to protect against accidents involving other boats or swimmers.
  3. Personal Watercraft (PWC): Jet skis and wave runners fall into this category. PWC insurance covers collision damage, liability, and theft. If you’re an avid PWC enthusiast, consider additional coverage for accessories like wakeboards and towables.
  4. Pontoon Boats: These leisurely vessels are perfect for family outings. Pontoon boat insurance typically covers damage to the boat, liability, and optional coverage for equipment like fishing gear and water toys.
  5. Fishing Boats: If fishing is your passion, ensure your fishing boat is protected against accidents, theft, and damage to equipment like fishing gear and electronics.
  6. Canoes and Kayaks: While these smaller craft may not require extensive coverage, it’s still a good idea to protect them against theft and damage. Some homeowners policies may provide limited coverage for these watercraft.

Factors Affecting Boat Insurance Premiums

Several factors influence the cost of boat insurance, including:

  • Boat Type: Larger, more expensive vessels typically have higher premiums.
  • Usage: The frequency and purpose of your boat usage can affect rates. A boat primarily used for fishing might have a different rate than a boat used for watersports.
  • Location: Where you store and use your boat can impact your insurance rates. Some areas may have a higher risk of theft or natural disasters.
  • Experience: Your level of boating experience and safety courses completed can also influence premiums.


Owning a boat or watercraft is a rewarding experience, but it comes with responsibilities, including safeguarding your investment and ensuring the safety of those on board. Boat insurance is not only a wise financial decision but also a legal requirement in many areas. At Northwest Classic Insurance, we specialize in tailoring insurance solutions to meet the unique needs of boat and watercraft owners.

Before setting sail on your next adventure, consult with our experienced agents to ensure you have the right coverage in place. We’re committed to helping you navigate the waters with confidence, knowing that you have the protection you need for smooth sailing ahead.

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