In most cases, yes. Many marinas and lenders require boat insurance, and a standard homeowners policy typically provides very limited or no coverage for boats. Boat insurance helps protect you financially from accidents, theft, storm damage, and liability claims—so a fun day on the water doesn’t turn into a costly problem.
Boat insurance policies can be customized, but most include:
Liability Coverage – Helps pay for injuries or property damage you cause to others while boating.
Physical Damage Coverage – Covers repair or replacement costs if your boat is damaged, stolen, or totaled.
Medical Payments Coverage – Helps cover medical expenses for you and your passengers after an accident.
Uninsured/Underinsured Boater Coverage – Protects you if another boater causes an accident but doesn’t have adequate insurance.
We’ll help you choose coverage that fits how and where you actually use your boat.
Coverage depends on your policy and boating location. Most boat insurance policies cover boating throughout U.S. inland waters and coastal areas. If you plan to travel offshore or outside the U.S., additional coverage may be required. Elite Risk Advisors will make sure your coverage matches your boating plans before you leave the dock.
Not always by default. Trailers, fishing gear, water sports equipment, and personal belongings often require optional add-on coverage. We can help you insure the gear you actually use so you’re not left replacing expensive equipment out of pocket.
If your policy includes comprehensive coverage, it can help pay for repairs or replacement due to covered events such as storms, fire, vandalism, or sinking. We’ll walk you through coverage options so you understand exactly what’s protected before something happens.
Yes. Many boat owners choose a lay-up or seasonal policy, which keeps your boat protected while it’s in storage and may reduce your premium. Coverage can still protect against risks like theft, fire, or weather damage during the winter months.
Here are the core coverages we can build into your boat policy (and yes—pontoons totally count):
Liability Coverage – Helps pay for injuries or property damage you cause to others while operating your boat.
Physical Damage Coverage – Helps cover repairs or replacement if your boat is damaged in an accident, storm, or theft.
Comprehensive Coverage – Protection for non-collision events like theft, fire, vandalism, and weather-related damage.
Uninsured/Underinsured Boater Coverage – Helps with medical bills and damage if another boater hits you and doesn’t have enough (or any) insurance.
Medical Payments (MedPay) – Helps cover medical costs for you and your passengers after a boating accident—regardless of fault.
Agreed Value vs. Actual Cash Value (ACV) – Agreed Value pays a set amount if your boat is totaled; ACV considers depreciation and pays current market value.
Towing & Assistance – Covers on-water help like towing, jump-starts, fuel delivery, and other “we’re stuck” moments.
Lay-Up Policy – Can lower costs during the off-season while still protecting your boat in storage from theft, fire, and certain damage.
Getting started is easy. Whether you’d like to stop by for a friendly, face-to-face conversation or prefer to request your quote online from the comfort of home, we’re here to make the process simple. Tell us what you need, and our team will guide you from start to finish.
Once we gather your information, we’ll provide personalized boat insurance quotes tailored to your needs. We’ll walk you through how each option compares to your current coverage so you understand exactly what you’re getting. Whether you're hoping for better protection, lower rates, or both, our team is here to help you find the policy that fits just right.
When you’re ready to make the switch, just say the word. We’ll take care of everything—from setting up your new boat insurance policy and notifying any lienholders or required parties on your behalf. All you have to do is sit back, relax, and enjoy the confidence (and savings) that come with better coverage.
