What are the costs for a watercraft policy?

Watercraft policies – sometimes referred to as boat or yacht insurance – has pricing that is based on many factors including type of craft, type of trailer, horsepower of engine and the bodies of water on which they are used.

How will this policy protect me?

A watercraft policy contains two main components: liability and physical damage. The liability provided by a watercraft policy is to protect other boaters while the craft is on the water. The physical damage coverage – which is optional – protects the craft, motor and trailer if it is damaged by a covered cause of loss including theft, vandalism, fire, and/or collision.