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Boat Insurance

From speedboats to sailboats, it's important to ensure you have the proper protection to keep you and your investment safe. At Lake Insurance, we offer coverage for many types of boats including speedboats, sailboats, houseboats, motorboats, and more.

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Why is boat insurance important?

Most of us think of being out on the open water as a peaceful escape from the hustle and bustle of dry land. But, there are inherent risks that come with operating a boat that could result in injuries or property damage. With boat insurance, you can feel confident that you're covered in case of an accident. You may be able to cover your boat through your homeowners policy, but a separate boat insurance policy provides you with additional protection and coverage options.

How can insurance protect you and your boat?

Like many kinds of insurance, we know that no two boats are exactly alike. Different sizes, types, age, and values impact the kind of coverage you need. That's why we will work with you to find a policy that fits you and your boat's needs. 

It's possible that under your homeowners policy you can cover your boat. However, a separate boat insurance policy will often provide you with additional coverages, such as liability coverage, and higher limits. 

Standard Coverages

Purchasing a separate boat insurance policy can afford you additional coverage options in case of an accident.

Physical damage

A boat insurance policy often covers physical damage to your boat, boating equipment, and your trailer or outboard motor, if included. You can save yourself expensive repairs in the event you hit a rock, another boat, or other marine debris.


Similar to liability coverage on a home or auto policy, liability coverage protects you in the event you are responsible for an accident that damages another person's property or results in the injury of another person.

Medical costs

In the event someone on your boat is injured, or you accidentally injure someone with your boat, boat insurance can help cover medical costs.

Other coverages

In conjunction the the coverages outlined above, a boat insurance policy may offer additional standard coverages to make your life easier. 

  • Emergency services, such as towing your boat to the nearest marina if the motor breaks down, you're stranded, run out of fuel, oil, or battery
  • Coverage for certain personal items on your boat, such as clothing or fishing equipment
  • Fire extinguisher recharge/replacement if you have to use it to fight a fire

Additional Coverage Options

Above and beyond what a boat insurance policy typically covers, there are a few additional coverage options that may be available to you.

Full replacement cost

In the event that your boat needs to be repaired, you could purchase additional coverage that will bring your boat back to its previous state or better, without depreciation of parts.

Motor protection

You could purchase additional coverage to repair or replace your motor in case it breaks down, even if it's due to wear and tear. 

Wreckage removal and fuel spillage

With boat insurance, you may have coverage to clean up a fuel spill you are responsible for. You may also have coverage to remove your wrecked boat if it's legally required.