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Insurance Basics
Boat Insurance

What is Boat Owners Insurance?

Boat Owners Insurance is a contract between you and your Insurance Company. It can provide coverage for your boat and boat equipment such as anchors, life preservers, dinghies, etc. It can also provide you with liability protection, should you injure someone with your boat or damage their property. In exchange for your premium payment, your Insurance Company agrees to pay losses as defined in your policy.

What coverages are available in a Boat Owners Insurance policy?

Bodily Injury and Property Damage Liability

Liability insurance pays for covered damages if you cause an accident, damage someone’s property, or injure someone. Liability insurance can also provide legal defense if you’re sued as a result of a covered loss.

Boat Physical Damage

  • Physical Damage Coverage pays for covered damage to your boat. Common covered perils can include:
    • Fire
    • Theft
    • Collision
    • Sinking
    • Damage from storms

Additional Coverages

Can include Wreck Removal, Pollution Liability, Uninsured/Underinsured Boater, and coverage for newly acquired watercraft.


The content available via Grange.com is for informational purposes only and may not be used for any other purpose. Content provided or expressed on Grange.com, including that of third parties, may not reflect Grange Insurance Association’s (GIA) policies or conform to any agreement you may have with GIA and its subsidiary companies. Please contact a licensed insurance agent to obtain particular advice.

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