Boat Insurance coverage is the same from company to company, right? While that may be true for many kinds of insurance, it is not necessarily true for boat insurance and yacht insurance. For instance, automobile insurance or homeowners insurance coverage is very similar and sometimes identical from company to company. On the other hand, boat insurers providing boat insurance and yacht insurance offer a wide range of coverage suited to that company's level of expertise, underwriting appetite, and type of customer they wish to attract.
This site describes the basic coverages that are available under boat insurance and yacht insurance policies, and the items that should be considered before selecting a policy. We point out the factors that the marine underwriter contemplates when determining the rate to charge a customer. We hope that this will help in making a more informed decision when purchasing insurance for your boat. Only you can decide on the right combination of coverage and price that suits your needs.
Insurance on yachts and pleasure boats, personal watercraft, houseboats and marinas and recreational vehicles are special classes of business not usually written by retail agents in their standard companies. For this reason, a number of specialty managing general agents have been established to handle yacht insurance and pleasure boat insurance or recreational vehicle insurance as specialty lines. Many of these offices provide facilities only for watercraft. Others are exclusive managers of insurance for marinas and watersports rental. Some facilities handle all classes, while others, that offer a general line of property and casualty insurance products, include yacht insurance and boat insurance in their offerings to agents and brokers.
Voyager is licensed in all states except AK, HI, ID, SD, WY
CA Lic. #OB99487
Florida Customers - Please note our Florida insurance programs have been restricted to boats 32 feet or less, must be no more than 20 years old and must include a trailer.
New Survey Requirements
Vessels 10 years old for salt water use or 15 years old for fresh water use must have a survey if they meet any of the following criteria:
• Hulls exceeding 40 feet in length
• Hulls of all ages if either custom built or are not from a recognized manufacturer
• Hulls constructed of materials other than fiberglass, steel or aluminum
• Any commercial use
Acceptable Surveys
• Must be a hauled-out of water survey
• Survey may be no older than 3 years
• Though not required, we encourage that our insureds use either a NAMS or SAMS accredited surveyor.
