Will I need a marine survey to get a quote?
All boat insurance companies will have different requirements of when a survey will be needed. A marine survey is typically only required for boats 27' or greater in length and over 10-15 years of age. We do have some options [...]
How much does boat insurance typically cost?
A good rule of thumb is to expect somewhere around 1% of the hull value. For example, for a $100,000 boat, the cost of insurance will be somewhere around $1,000 a year. Keep in mind this can vary significantly [...]
Is boat insurance required?
Most states do not require you to carry boat insurance. If you financed your boat or have it moored at a marina, you most likely are required to carry some form of liability insurance. To protect yourself and your [...]
What is the difference between “agreed value” and “actual cash value”?
Agreed value is a predetermined amount of insurance for your boat. Both the insurance company and you agree on the value of the boat when the policy is issued. In the case of a total loss, that is the amount [...]