Personal Coverage

Boat, Yacht, Sailboat & High-Performance Watercraft Insurance

Overview

Liberty can help make your time on the water relaxed and worry-free! We will find you comprehensive protection that protects you, your friends and family, your watercraft and your boating equipment. You’ll enjoy being on the water even more when you aren’t worried about your safety, the safety of your passengers, or your investment.

What Does Marine Insurance Cover?

Whether you own a smaller boat, cruiser, sport-fish, motor yacht, or a mega yacht, you deserve to receive personal service and insurance coverage that is tailored around the way you use your vessel. 

Runabout-Classic

PWC/Jetskis

Pontoons

Trawlers

Bass Boats

Yachts

Sailboats

Dinghy

Trailing Motors

Marine Insurance Coverages

Whether you own a smaller boat, cruiser, sport-fish, motor yacht, or a mega yacht, you deserve to receive personal service and insurance coverage that is tailored around the way you use your vessel. 

Watercraft and equipment protection

  • Protect and recover – pays reasonable costs incurred when trying to protect your high-performance boat from further damage
  • Agreed value for total loss – locks in the value of your boat in case of a covered loss
  • Replacement cost coverage on partial losses for newer boats – meaning depreciation will not be factored into the cost of repairs, keeping your hard- earned dollars in your pocket.

Personal effects coverage

Protection for all of the personal items you bring on board (such as a cell phone or camera)

Emergency towing and assistance

If you happen to break down, Markel will provide coverage for the expenses you incur to tow your boat to the boat repair shop.

Extra windstorm expense

Helps with costs you incur to protect your boat from an approaching named storm

Medical payments

Helps pay for injuries suffered by you or any passengers during a boating accident

Boat liability

Damage to another person, their watercraft or their property that you are responsible for

Uninsured watercraft

Unfortunately all boaters on the water do not have insurance. This coverage helps protect you and your family members if you are injured in an accident caused by an uninsured or underinsured boater.

Pollution liability

Fuel lines and tanks can be hard to see and can deteriorate over time. Pollution coverage helps protects you if you are held legally liable due to an oil pollution leak or spill

Marine Insurance Cost Factors

Many factors are used to set the cost of a policy, and they vary among insurers. Here are some items to consider:

  • Lay-up option – we’ll discount your high-performance insurance during the winter months when your boat is not in use.
  • Actual cash value Coverage (ACV) – reduce your coverage to ACV, which factors in depreciation of your high performance should you have to file a claim.
  • Safety equipment discount.
  • Mature operator discount.
  • Boating safety school discount.

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