boat and personal watercraft insurance coverage options

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As boat owners know, following a maintenance checklist before getting on the water is essential to protect lives and property. And insurance is an important item on that list. Making sure you, your passengers, and your boat are covered, both on the water, in transit, and in storage, lets you enjoy the experience with greater ease and confidence. Otherwise, in the event of damage or theft, you may be unable to replace what was lost, leaving you standing on the dock.
Boat and Watercraft Insurance Coverage Options
Safeco has one of the best base policies in the industry. To learn about your coverage options, contact a local independent agent to get a custom quote within minutes. We'll help protect you and your boat on the water and on land.

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Standard Coverage
Every Safeco boat and personal watercraft policy includes the following coverage:

+Fuel Spill and Wreckage Removal-Fuel Spill and Wreckage RemovalFuel Spill and Wreckage Removal
Debris from accidents on the water can create environmental and safety hazards. Our watercraft policies cover fuel spills and wreckage removal at the limit of liability.
+The Freedom to Cruise without Restrictions-The Freedom to Cruise without RestrictionsThe Freedom to Cruise without Restrictions
When you insure your watercraft with Safeco, you're covered on all the inland waterways of the U.S. and Canada and up to 75 miles offshore or 90 miles offshore in California. We also have a Mexico or Bahamas coverage extension available in some states. So you're free to explore.
Physical Damage Coverage Benefits
If you purchase physical damage coverage for your boat, you automatically receive the following:

+Agreed Value-Agreed ValueAgreed Value
Safeco's standard coverage provides full agreed value for all watercraft regardless of age, type, or hull construction, including jet skis and older boats, in the event of a total loss. So if you insure a boat with Safeco today for $20,000 and it sinks in five years, it's still insured for $20,000. All you pay is the deductible. That's why having agreed value coverage is so important: it gets you back on the water quickly even in the event of a total loss.
+Personal Property and Unattached Equipment Coverage-Personal Property and Unattached Equipment CoveragePersonal Property and Unattached Equipment Coverage
With personal effects coverage, your fishing gear and other personal property are covered up to $750. Plus, unattached equipment such as water skis, deck chairs, anchors, safety equipment, and marine electronics are also covered for up to 10% of your hull value or $100, whichever is greater. If needed, you can purchase more coverage for a small additional premium.
+Emergency Assistance-Emergency AssistanceEmergency Assistance
With this option, Safeco will reimburse you up to $500 for the cost of on-water towing, labor, and basic emergency services (such as delivery of fuel or a battery) if your boat or personal watercraft is disabled while on the water. You’ll feel better on your boat knowing you carry this coverage.
+Pet Coverage-Pet CoveragePet Coverage
This covers up to $1,000 for a cat or dog that is injured because of a boating accident.
Popular Coverage Options
To get the most value from your insurance, be sure to talk with your local independent agent about your policy needs. Our custom coverage options are the most affordable way to properly protect you and your passengers.

+Boost Your Coverage with our Captain’s Package-Boost Your Coverage with our Captain’s PackageBoost Your Coverage with our Captain’s Package
When you choose Safeco’s Captain's package, you get fully-loaded coverage that protects you on both water and land. This comprehensive option includes:

  • New Boat Price Protection
    You get total price protection for boats two years old or younger. That means you get the same features, equipment, and options as the boat you lost, regardless of the cost.
  • Roadside Assistance
    Your boat or personal watercraft trailer, along with the vehicle you tow it with, are both covered up to $300 with this option.
  • Emergency Assistance
    On-water emergency assistance is increased from $500 to $1,000.
  • Personal Property Protection
    With the Captain's Package, your standard coverage is increased to $2,500 with a $250 deductible to replace your personal effects or those of your passengers.
+Additional Fishing Equipment Coverage-Additional Fishing Equipment CoverageAdditional Fishing Equipment Coverage
You can purchase additional Fishing Equipment coverage when at least one watercraft on your policy carries physical damage coverage. This is in addition to any applicable fishing equipment already covered by Personal Effects coverage and is subject to a $250 deductible. This option carries a single item limit of $1,000, and overall limits are available up to $20,000. We insure both amateur and semi-professional fishermen.
+Watercraft Liability Coverage-Watercraft Liability CoverageWatercraft Liability Coverage
As with auto insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are held legally responsible for an accident on the water. This includes paying for boat repairs or replacing someone else's property. It further covers the costs of their medical care, lost wages, and other costs of a boating accident for which you are at fault. It will also help pay for wreckage removal and fuel spill cleanup costs.
+Medical Payments (MedPay)-Medical Payments (MedPay)Medical Payments (MedPay)
This helps cover medical expenses such as hospital bills and related care if you're legally responsible for an accident that injures someone else. Coverage is available from $500 to $10,000 and covers you, your passengers, including water skiers and tubers, no matter who is at fault.
+Physical Damage-Physical DamagePhysical Damage
If your boat or watercraft is stolen or damaged, this coverage helps pay for repairs or the replacement of your watercraft, its engine, your trailer, and any permanently attached equipment up to the agreed value of your watercraft. It also automatically includes coverage for unattached equipment, personal effects, and emergency assistance. In some states, pet coverage is automatically included with physical damage coverage. Extra protection for additional fishing equipment is an option when at least one watercraft on your policy includes physical damage coverage.
+Uninsured/Underinsured Watercraft Bodily Injury Coverage-Uninsured/Underinsured Watercraft Bodily Injury CoverageUninsured/Underinsured Watercraft Bodily Injury Coverage
If you are injured by an uninsured or underinsured boater, this coverage helps pay for medical treatment, lost wages, pain and suffering, and other costs associated with the accident. Since boat insurance is not mandatory, some boater fail to carry any. This puts everyone on the water at risk. Be sure to remember it's not just your boat that may be lost if you are hit by another boater. You may have to deal with your injuries for the rest of your life.
Frequently Asked Questions
+What does boat insurance cover? And am I required to have it?-What does boat insurance cover? And am I required to have it?What does boat insurance cover? And am I required to have it?
Boat and personal watercraft insurance offers protection from theft, damage, and liability in case of an accident or injury experienced while using your boat. It can also protect you against damage or injury caused by another boater who may be uninsured or underinsured. Though boat insurance is optional in many states, if you get a loan to pay for your boat, your lender will most likely require you to have boat coverage. Talk to your local independent agent to learn more.
+Does my homeowners policy cover my boat?-Does my homeowners policy cover my boat?Does my homeowners policy cover my boat?
Most likely, no. The homeowners policy provides liability coverage for low-horsepower outboard-motor-powered boats. If you have a jet drive, inboard outdrive, or stern drive boat, you would receive no coverage from the homeowners policy. Your homeowners policy also does not offer coverage for pollution liability, wreckage removal, damage to your boat, towing, emergency assistance, and many of the other great coverages a Safeco watercraft policy provides. Talk with your local independent agent to make sure you understand your risks.
+I use my boat for racing. Is Safeco coverage right for me?-I use my boat for racing. Is Safeco coverage right for me?I use my boat for racing. Is Safeco coverage right for me?
Safeco insures sailboats used for racing, but not powerboats designed or used for racing. Examples of ineligible boats include off-shore-style power boats, whether V-hull or catamaran hull, exposed-engine boats, or watercraft with three or more outboard motors.
+Should I insure my boat even if I only use it in the summer?-Should I insure my boat even if I only use it in the summer?Should I insure my boat even if I only use it in the summer?
Yes. Even if you use your boat only a few months out of the year, it's still important to protect yourself against fire, theft, vandalism, and even liability while your boat is in storage. Fortunately, quality coverage is affordable. The average boat premium costs only about a dollar a day. Plus, your policy premium also considers the length of the boating season in your state.
+Does Safeco offer discounts on boat and watercraft insurance?-Does Safeco offer discounts on boat and watercraft insurance?Does Safeco offer discounts on boat and watercraft insurance?
Yes. Many discounts are available. For example, you can save 15% on your premiums when you complete a boating safety course offered by the Coast Guard Auxiliary or U.S. Power Squadron. We also offer discounts for having a boat with a diesel engine, for owning a home, carrying multiple policies with Safeco, and having more than five years of boating experience, among other options. For a complete list of discounts and savings opportunities talk with your local independent agent.
+What if I need to have my boat towed due to an emergency?-What if I need to have my boat towed due to an emergency?What if I need to have my boat towed due to an emergency?
If your policy includes physical damage coverage, Safeco will pay up to $500 to cover the cost of on-water towing. Or, if you purchase the Captain’s Package, this amount is increased to $1,000.
+How is the agreed value of my boat determined?-How is the agreed value of my boat determined?How is the agreed value of my boat determined?
All watercraft, regardless of age, type, or hull construction are insured at agreed value in the event of a total loss. Perhaps the simplest way to get a general idea of agreed value is to ask yourself: “If I wanted to buy my boat today, how much would I pay for it?” The more precise formula goes like this: The agreed value of your boat is determined by consulting a local dealer, BUC guide, ABOS Blue Book or NADA guide. Or, if your boat is less than two years old, a bill of sale may be used. Any permanently attached equipment - such as ship-to-shore radios, depth finders, LORAN and GPS systems, fish finders, radar, and sonar systems - is included in the boat’s value, so make sure your coverage amount takes that into account. (Excluding taxes and fees.)
+What types of boats does Safeco insure?-What types of boats does Safeco insure?What types of boats does Safeco insure?
Safeco has a broad appetite for boats. Primarily, we insure pleasure-use boats that are in good, or better, condition. We can insure many different types of boats, including run abouts, cabin & cuddy cruisers, bass & fishing boats, power boats, pontoon boats, sail boats, jet skis & jet boats, bow riders and more! Our maximum allowable speed is 85 miles-per-hour for fishing/bass boats and 65 miles-per-hour for all other boats. In most states, our maximum length is 40' and our maximum value is $350,000. However, our length and value guidelines vary by state.
+Does Safeco offer actual cash value (ACV) coverage on watercraft?-Does Safeco offer actual cash value (ACV) coverage on watercraft?Does Safeco offer actual cash value (ACV) coverage on watercraft?
No, we do not. All watercraft polices with physical damage coverage are insured for agreed value, which means you receive that agreed-upon amount if your watercraft is deemed a total loss due to theft, sinking, collision, etc. With ACV coverage, your boat is subject to deprecation and you likely wouldn’t be able to replace your boat with the depreciated settlement amount. Watercraft maintain their value for a long time, so it makes sense to have agreed value coverage.
+What if I'm hit by another boater who is underinsured or not insured at all?-What if I'm hit by another boater who is underinsured or not insured at all?What if I'm hit by another boater who is underinsured or not insured at all?
This is a real risk when boating since boat insurance generally isn’t required! Safeco offers protection against the cost of injuries or damage you may experience as a result of an accident caused by an uninsured motorist. The question is how much coverage would you want to be available if you’re injured? When selecting your coverage amount, remember that uninsured boater coverage will pay for things your health insurance won't, like pain and suffering, lost wages and treatments that medical insurance doesn’t deem necessary. You cannot select more uninsured boater coverage than you have in bodily injury coverage.
+I'm a new boater. Am I eligible for insurance with Safeco?-I'm a new boater. Am I eligible for insurance with Safeco?I'm a new boater. Am I eligible for insurance with Safeco?
Absolutely! We boaters were new once upon a time. Talk to your local independent agent about the value of a Safeco watercraft policy. We also recommend taking a boating safety course. It will teach you fundamental skills and you'll also receive a discount on your Safeco premium.
+I'm an experienced boater. How do you reward my experience?-I'm an experienced boater. How do you reward my experience?I'm an experienced boater. How do you reward my experience?
As an experienced boater, you're familiar with the waters in your area and your boat, so Safeco offers discounts for those who have put in the time on the water. We even offer a discount if you’ve owned the same boat for a while.
+Can I insure multiple boats on the same policy?-Can I insure multiple boats on the same policy?Can I insure multiple boats on the same policy?
Of course! We even offer a discount for having multiple boats on the same policy.
+If my driving record isn't perfect, can I still insure my boat with Safeco?-If my driving record isn't perfect, can I still insure my boat with Safeco?If my driving record isn't perfect, can I still insure my boat with Safeco?
Your driving record doesn't have to be perfect to insure your boat with Safeco. If you have more than one or two incidents per operator, give your local independent agent a call to discuss your eligibility for coverage.
+Do you require marine surveys?-Do you require marine surveys?Do you require marine surveys?
Safeco generally doesn’t require a marine survey. We'll ask for one if your boat is both 16+ years old and 30+ feet in length. We'll also ask for one for wood hull boats that are over five years old. The survey can be completed in-water and it should have been completed within the last two years by an accredited surveyor.

Find a Local Independent Agent
A local independent Safeco agent can help you discover the boat and watercraft insurance coverage you need to fit your unique situation.