Pleasurecraft insurance, also known as boat or yacht insurance, provides coverage for private recreational boats against loss or damage, including theft, vandalism, collisions, and natural disasters. It also covers liability for bodily injury or property damage caused by the insured vessel. Additional options may include coverage for personal belongings, towing costs, and protection against uninsured boaters, offering boat owners financial security and peace of mind.
Target Clients
Marine Pleasecraft
Small Runabouts
Trailerable Boats
Tournament SKi/Wake Boats
Jet Drive Boats
Bass Boats
Sea Doos/Jet Skis
Recreational Fishing Boats
High Performance
Pontoon Boats
Sailboats
Large Yachts (valued up to $50 million)
Coverage Available
Small Runabouts
Multi-Standard Policy Form (for runabouts, trailerable boats)
Mariners Choice Policy Form (for sailboats, power cruisers)
PWC Policy Form (for Personal Watercraft – SeaDoo/JetSkis)
Platinum Policy Form (for large yachts valued $500K - $50M)
Extended Navigation for boaters traveling to Florida/Mexico, etc.
Vessels Purchased Abroad Coverage for clients buying boats in the US
Features & Benefits
The $1 Million Dollar Difference – automatic coverage included for Pollution / Spill
Liability (* 250K for PWC)
Consequential Property Damage Protection
Less stringent survey requirements – photos are often sufficient
No Water-Ski Liability Restriction – Full Limits Apply
Vessel may be trailered within an expanded 2,000 kilometer radius
Freezing Coverage
No Vermin Exclusion
Increased Emergency Towing Limit
Coverage automatically included for Newly Acquired Vessels
Boat Policies are not fully earned – short rate if cancelled midterm even if vessel is
not sold