Your Watercraft Insurance Coverage Options

Safeco can help make your time on the water relaxed and worry-free! We offer comprehensive coverages that protect you, your friends and family, your watercraft and your boating equipment. The average boat costs less than a dollar a day to insure. You’ll enjoy being on the water even more when you aren't worried about your safety, the safety your passengers, or your investment.

Full Coverage policies generally include:

Navigational Area

Know where you are covered in the water. Safeco protection covers you up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico. In California, Florida and Oregon, additional coverage area can be purchased.

Agreed Value Coverage

Watercrafts depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed. Safeco Watercraft insurance policies are agreed value for all types of watercraft, no matter how old. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible.

Liability

Like auto insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident for which you are at-fault. For example, if you purchased $100,000 of liability coverage and were involved in a boating accident, Safeco would pay up to $100,000 to repair the other party's boat and any associated injuries for people in that boat.

Medical Payments

Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault. For example, if you purchased $2,000 of coverage and you hit another boat and three people in your boat were injured, each injured person would have $2,000 available to cover associated medical costs.

Physical Damage Coverage

Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer, if it is stolen or damaged.

Uninsured/Underinsured Watercraft Bodily Injury

Since boat coverage is not mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater, and you are injured, this coverage pays for medical treatment, lost wages, and other costs associated with the accident.

Fuel Spill Liability and Wreckage Removal

Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the boat's owner you are required by law to have this cleaned up, which can be time consuming and expensive. The good news is that your Safeco watercraft policy automatically includes this coverage. Safeco will also pay reasonable costs to have your sunken or sinking boat raised and removed when required.

Personal Effects

Safeco provides coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Basically anything that's use is not limited strictly to a boat or boating is covered. Limits vary by state - check with your agent for information. Personal effects coverage does not include jewelery, watches or furs.

Unattached Equipment Coverage

This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps etc. If physical damage coverage is purchased, your Safeco policy automatically includes Unattached Equipment coverage up to 10% of the hull value or $100, whichever is greater. Higher limits can be purchased for additional premium.

Emergency Assistance

The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.

Optional Coverages for your Watercraft

Safeco also offers additional coverage options which can give you even greater protection and peace of mind knowing that you’re better prepared for the unexpected.

Safeco Captain's Package

This package adds as little as $20 a year to a policy. It’s a minimal investment that delivers excellent benefits. The Safeco Captain’s Package includes:

New Boat Price Protection
Replaces your boat with a new boat that has to the greatest extent possible the same features, equipments and options, regardless of the cost; in the event of a total loss of a boat less than two years old.
Roadside Assistance
Covers your declared trailers for disablement up to $300.
Personal Effects coverage
Increases to $2,500 with $250 deductible.

Please note: Safeco Captain’s Package is currently available in all states except California.

Ask Your Agent

Your independent Safeco agent can help you find insurance that meets your specific needs. Here are a few things to discuss when you talk:

Is my boat or watercraft covered for use year-round?
Can I get discounts for taking safety classes, having multiple policies, and diesel power?
Do I have coverage if I need to have my boat towed in an emergency?