Get Boat Insurance That Truly Keeps Your Finances Afloat
Basic boat insurance can soften the financial blow from sailing accidents, but it can cover you even more fully if you know what to add. At Peachy, we know the area and its waters. We can help determine what you need.
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Why Do I Need Boat Insurance?
Your homeowners policy may include limited coverage for a boat, but that coverage runs out fast on length, horsepower, and liability limits. A boat policy covers the boat itself, what you owe others after an accident on the water, and the costs that follow.
Your home policy has limits
Homeowners coverage for boats puts strict caps on length, horsepower, and liability.
Marinas and lenders require it
Slip agreements and boat loans typically require proof of coverage.
The costs go past the boat
Wreckage removal, fuel spill cleanup, and towing can run higher than the boat is worth.
What Does Boat Insurance Cover?
Your boat
Covers your boat, motor, and trailer for collision, storm damage, fire, theft, and vandalism.
Liability
Covers injuries to other people and damage to their boat or property when you are at fault.
Uninsured boater
Covers you and your passengers when the boater who hit you has no coverage or not enough.
Wreckage removal and fuel spill
Covers the cost to pull your boat out of the water and clean up fuel after a loss.
How Much Does Insurance Cost?
Boat insurance for recreational boats can vary widely. Your price comes down to the boat itself, where you use it and store it, your claims history, and the limits you pick. A pontoon on a lake and a center console on the coast will not price the same. Discounts vary. Completing a boating safety course and bundling with your home or auto policy are the two most commonly missed.
Boat Insurance Terms, Explained
A few terms come up in every boat policy conversation. Here is what they mean in plain language.
Agreed Value
Agreed value means you and the insurer set your boat's value when the policy is written. If the boat is a total loss, that is what gets paid, with no deduction for depreciation.
Actual Cash Value
Actual cash value means a total loss pays what the boat is worth today, after depreciation. Premiums are lower than agreed value, and so is the payout.
Hull Coverage
Hull coverage pays to repair or replace your boat, motor, and permanently attached equipment after a covered loss.
Liability Coverage
Liability coverage pays for injuries to other people and damage to their boat or property when you are at fault.
Navigational Limits
Navigational limits are the waters your policy covers. Take the boat outside them and you may not be covered.
Boat Towing
Boat towing coverage helps pay for towing and on-water assistance if your boat breaks down or becomes disabled.
Wreckage Removal
Wreckage removal coverage pays to pull your boat out of the water after a sinking or grounding. Removal is often required by law and can cost more than the boat is worth.
Uninsured Boater
Uninsured boater coverage pays for your injuries when the boater who hit you has no coverage or not enough.
Personal Effects
Personal effects coverage applies to gear you bring aboard, like electronics, fishing equipment, and skis. It is separate from hull coverage.
Ineligible Boat Types
While We Cover A Vast Range Of Watercraft, Certain High-Risk, Commercial, Or Specialized Vessels Cannot Be Insured Under Standard Policies.
Commercial & Business Use
- Commercial Boats, Boats For Hire, Leased Boats
- Boats/PWCs In The Name Of A Business/Corporation
- Boats/PWCs Used For Racing (Except Sailboats)
- Any Boat Being Used As A Primary Residence
- Houseboats (Non-Cruising, Live-Aboard, Converted)
- Surplus Military Watercraft
- Boats/PWCs In Process Of Active Renovation
- Inflatable/Collapsible Boats (Except Dinghies/Tenders)
- Hydroplanes And Tunnel Hulls (Except Catamarans)
- Hydrofoil Vessels And Vehicles
Specialized & High-Risk
- Air Boats And Propeller-Driven Swamp Craft
- High Performance, Cigarette Hulls And Muscle Boats
- Homemade, Kit Or Course-Of-Construction Boats
- Unique/Custom Boats Or Experimental Craft
- Swamp Buggies And Specialized Land/Water Craft
- Boats/PWCs With White Gas Or Gasoline Appliances
- Submersibles, Amphibious Vehicles, And Hovercraft
- Watercycles, Wet Bikes, And Aquacycles
- Shuttlecraft And Hybrid Modular Vessels
- Glass Bottom, Ice, And Ferro Cement Boats
Ownership & Policy Structure
- Boats/PWCs With More Than 2 Co-Owners
- Boats/PWCs Currently On Consignment
- Motor Only Policies (Without Hull Coverage)
- Multiple 'Additional Insureds' On A Single Item
- Motor-Driven Surf Boards (With Fan Propellers)
- Boats With 3+ Simultaneously Running Engines
- Water Sports With Flight Devices (Hang-Gliding, Etc.)
- Non-Marine Converted Engines / Speed Modifications
- Surface Piercing Drives (Arneson) Or Turbine Engines
- Boats With A Hired Captain/Crew Or Hired Staff
- Unseaworthy Boats (Including Missing Engines)
- Boats With A Branded Title (Salvage, Junk, Flood)
Boat Insurance You Can Actually Rely On
We're not just an insurance agent. We're your long-term partner in protecting the things that matter most to your family.
Claims Service That Cares
We hold your hand through the whole claims process: File > Inspection > Estimate> Repairs > Payment. We'll even advise you when to file versus not file, and what to expect.
A Boat Policy for You, Not Just Anyone
We get to know you and what you need before we ever pitch you. Every family, every boat, and every policy is different, and you deserve special care.
Local Expertise - Georgia, Tennessee, and the Rest of the South
Our agents know this area like the back of their hand. You'll always be consulting with a local expert, who knows all of the south's quirks, regulations, and special needs.
What Qualifications Do I Need For Boat Insurance?
The Qualifications Required For A Boat Owner And The Boat Itself May Vary Upon Many Factors. Speak To Your Agent For Specifics Pertaining To Your Unique Situation, Including What Property Or Liability Insurance You Require. The Following May Or May Not Apply:
Driving Experience
- Must Have A Valid Driver's License
- No Current License Suspensions Or Revocations
Driving Record
- No Major Violations In The Past 5 Years
- Number Of Incidents <= 2 Per Operator In Past 3 Years
- Number Of Incidents <= 4 Per Household In Past 3 Years
Boat Specifications
- Maximum Age Of All Boats Is 35 Years Old
- Maximum Liability Is $500,000
- Maximum Value Is $175,000 ($100k In Dade/Monroe)
- Maximum Outboard Per Motor Value Is $32,000
- Under 30ft Length: Max Horsepower Is 500
- Over 30ft Length: Max Horsepower Is 900
NOTE: Boats Not Meeting These Exact Requirements Might Still Qualify For Coverage. Contact An Agent To Discuss.
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Simplified Protection Our Hassle-Free Insurance Process
Where Your Peace Of Mind Is Our Priority. We Understand That Finding The Right Insurance Coverage Can Be Overwhelming, Which Is Why.
What Customers Say on Google
Unedited reviews from our Google Business Profile. Read all of them there.
2nd year with Peachy, and they're very client-focused. They reached out to conduct a coverage review, and I spoke with Frankie, who was great at pointing out the pros & cons of different options in a no-pressure approach.
Yumna Ali
Very informative and helpful. Also helped me add an extra service to my new vehicle that will help incase i ever get total out👊🏾
Livingston Lewis
The agent was very helpful and very knowledgeable about my situation and my concerns and took time to explain everything
Lavander Hines
4 Locations, Always Just A Call Away
Our home is the southeast. While we're also licensed in and proudly serve Alabama, Arkansas, and Mississippi, we have four locations throughout Georgia and Tennessee.
Answers To Important Boat Insurance Questions
Here are just some of the most frequently asked questions we receive about boat insurance, with some brief answers. Don't see your question answered here? We're only a call away and happy to advise at any time.
