252.726.2196

4838 Arendell Street, Morehead City, NC 28557

 

Okay, so you've just damaged your boat or trailer and need to know if you're covered.

 

First of all, take a deep breath.

 

After searching through the policies of the top 10 ranked boat insurance companies today, I can tell you - there's a very good chance you're covered.

There were a few important differences between them though, and that's why I decided to write this post.

Just find your current insurance company in the list below, and click to see if your damage is covered.

If you don't already have insurance, or you find out that the company you're currently with doesn't cover what you need, I've also included a list of the most common boating issues and the specific insurance companies that cover them.

 

Note: for anything marked "optional", you'll have to check your insurance policy specifically to see if you're covered.

Boat Insurance Companies

(Click below to jump to your provider - or click here to go to the list of common boat insurance questions.)

Geico Boat Insurance
Progressive Boat Insurance
Allstate Boat Insurance
Nationwide Boat Insurance
State Farm Boat Insurance
Farmers Boat Insurance
Liberty Mutual Boat Insurance
MetLife Boat Insurance
Travelers Boat Insurance
Erie Boat Insurance

 

 

State Farm Boat Insurance

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Trailer Damage - optional
  • Damage Caused By Other Drivers

Pay attention to their Replacement Cost policy vs. Cash Value policy. The first pays to replace parts/boat to their original condition, and the second will reimburse the current market value without adding depreciation.

Allstate Boat Insurance

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Boat Towing - optional
  • Trailer Damage - optional
  • Damage Caused By Other Drivers

You can also get Medical Coverage, in case you or a friend are injured while on your boat.

Geico Boat Insurance

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Boat Towing - optional
  • Trailer Damage
  • Damage Caused By Other Drivers

You can get a discount if you've passed a Boater's Safety Course.

Farmers

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Boat Towing
  • Trailer Damage
  • Damage Caused By Other Drivers

Their "Elite Boat Insurance Package" has some awesome features, like "Fishing Tournament Fee reimbursement" and damage protection for your boat lift.

Liberty Mutual

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Trailer Damage
  • Damage Caused By Other Drivers - optional

Nationwide

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Boat Towing - optional
  • Trailer Damage
  • Damage Caused By Other Drivers

They also offer a "Fishing Equipment" option, to protect your valuable rods & reels.

Progressive Boat Insurance

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units - optional
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Boat Towing - optional
  • Trailer Damage - optional
  • Damage Caused By Other Drivers

Their "Trailer Trip Interruption" option gives you $500 if you break down with your boat & trailer over 100 miles from home. No more ruined fishing trips with the guys!

MetLife

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Boat Towing - optional
  • Trailer Damage
  • Damage Caused By Other Drivers

You can get a discount if you've passed a Boater's Safety or Coast Guard certification course.

Travelers

  • Damaged Engines
  • Cracked Blocks
  • Damaged Lower Units
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Boat Towing
  • Trailer Damage - optional
  • Damage Caused By Other Drivers

Erie Insurance

  • Damaged Engines - optional
  • Cracked Blocks - optional
  • Damaged Lower Units - optional
  • Sinking
  • Hitting Rocks
  • Freeze Damage
  • Storm Damage
  • Boat Towing
  • Trailer Damage - optional
  • Damage Caused By Other Drivers

They also offer a discount if you've taken a boaters safety course.


Boat Insurance FAQs

(Click below to find who covers these common boating issues.)

Damaged Engines
Cracked Blocks
Damaged Lower Units
Sinking
Hitting Rocks
Freeze Damage
Storm Damage
Boat Towing
Trailer Damage
Damage Caused By Other Drivers

 

 

Which boat insurance companies cover engine damage?

  • State Farm
  • Allstate
  • Geico
  • Farmers
  • Liberty Mutual
  • Nationwide
  • Progressive
  • MetLife
  • Travelers
  • Erie Insurance - optional

A cracked block?

  • State Farm
  • Allstate
  • Geico
  • Farmers
  • Liberty Mutual
  • Nationwide
  • Progressive
  • MetLife
  • Travelers
  • Erie Insurance - optional

What about the lower unit?

  • State Farm
  • Allstate
  • Geico
  • Farmers
  • Liberty Mutual
  • Nationwide
  • Progressive - optional
  • MetLife
  • Travelers
  • Erie Insurance - optional

Does boat insurance cover sinking?

  • State Farm
  • Allstate
  • Geico
  • Farmers
  • Liberty Mutual
  • Nationwide
  • Progressive
  • MetLife
  • Travelers
  • Erie Insurance

Hitting a rock?

  • State Farm
  • Allstate
  • Geico
  • Farmers
  • Liberty Mutual
  • Nationwide
  • Progressive
  • MetLife
  • Travelers
  • Erie Insurance

Freeze damage?

  • State Farm
  • Allstate
  • Geico
  • Farmers
  • Liberty Mutual
  • Nationwide
  • Progressive
  • MetLife
  • Travelers
  • Erie Insurance

Storm damage?

  • State Farm
  • Allstate
  • Geico
  • Farmers
  • Liberty Mutual
  • Nationwide
  • Progressive
  • MetLife
  • Travelers
  • Erie Insurance

What about towing my boat?

  • Allstate - optional
  • Geico - optional
  • Farmers
  • Nationwide - optional
  • Progressive - optional
  • MetLife - optional
  • Travelers
  • Erie Insurance

Is my boat trailer covered too?

  • State Farm - optional
  • Allstate - optional
  • Geico
  • Farmers
  • Liberty Mutual
  • Nationwide
  • Progressive - optional
  • MetLife
  • Travelers - optional
  • Erie Insurance - optional

What if I'm hit by another boat driver?

  • State Farm
  • Allstate
  • Geico
  • Farmers
  • Liberty Mutual - optional
  • Nationwide
  • Progressive
  • MetLife
  • Travelers
  • Erie Insurance

Sources:

  • https://www.statefarm.com/simple-insights/auto-and-vehicles/boat-insurance-basics-whats-covered
  • https://www.allstate.com/tools-and-resources/boat-insurance/boat-policy-cover.aspx
  • https://www.geico.com/information/aboutinsurance/boat/
  • https://www.farmers.com/recreational/boat-and-watercraft-insurance/coverage/
  • https://www.libertymutual.com/boat-insurance
  • https://www.nationwide.com/boat-insurance-coverage.jsp
  • https://www.progressive.com/boat/boat-insurance-coverages/
  • https://www.metlife.com/insurance/auto-insurance/boat-insurance/
  • https://www.travelers.com/personal-insurance/boat-yacht-insurance/boat-insurance-coverage.aspx
  • https://www.erieinsurance.com/blog/boat-insurance

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