Diving Deeper Into Boat Insurance Costs

Boat Ownership Costs > Insurance

Diving Deeper Into Boat Insurance CostsIn our previous blog, we explored some of the fees and expenses that are associated with boat ownership. Any boat owner knows that this passion can be an expensive hobby, which is why we wanted to explore the costs that novice boaters likely haven’t factored into their budgets. In this article, we’ll explore the costs of a Windham County Boat Insurance policy.

There’s no such thing as a one-size-fits-all policy when it comes to boat insurance. Your policy will need to be tailored to cover your specific boat type, its size, features, horsepower, and value of the vessel itself. You can choose your deductible, which is the amount deducted from your insurance check if you make a claim. A typical policy has deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments, according to the Insurance Information Institute.


Depending on your specific situation, you might have discounts that apply to you. According to Nerd Wallet, some of the common ones are:

  • Boating safety course discount
  • No history of boat insurance claims
  • Diesel-powered vessel
  • Bundling other policies with your boat insurance

How much insurance do I need?

Depending on your personal preference and the value of your boat, you can make that decision after speaking with your trusted insurance agent. Typically, liability coverage can be purchased in increments from $15,000-$300,000.

What does it cover?

Generally speaking, your Windham County Boat Insurance policy covers:

  • Damage incurred by your boat.
  • Damage caused by your boat.
  • Medical payments.
  • Guest and passenger liability.
  • Bodily injury.

How much does it cost?

The costs vary, ranging from approximately $300 a year to $3,000 a year. Speak with your agent to get an accurate estimate with the coverage specifications and inclusions you need.


About Byrnes Agency

At Byrnes Agency we are proud to offer the complete watercraft insurance policies specifically designed to minimize your losses as a boat owner should your boating adventures go awry. We can also provide coverage for your personal property and fishing equipment in addition to protection against injury to you caused by an uninsured boater. Contact us today for more information about our comprehensive Windam County boat insurance policies.

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United States
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