What Does Progressive Boat Insurance Cover for Your Boat

Progressive boat insurance offers a range of coverage options to protect your vessel and your wallet.

Liability coverage is mandatory in most states, and Progressive's policy covers up to $300,000 in damages or injuries to others.

Your policy will also cover damage to your boat, including the hull, engine, and other equipment, with options for comprehensive, collision, and other types of coverage.

If your boat is damaged or stolen, Progressive's insurance will help you get back on the water quickly and affordably.

Standard Insurance Benefits are pretty straightforward, but it's good to know what you're getting.

Liability coverage is a must-have, and Progressive offers up to $250,000 per person and $500,000 per incident.

Damage to your boat is also covered, with options for collision, comprehensive, and other types of damage.

You can add on extra coverage for things like fishing gear, trailer coverage, and even personal effects.

Water sports coverage is a must-have for boat owners who love to hit the water with friends and family. It pays for any injuries or damages caused from tubing, knee boarding, wake boarding, wake surfing, or other similar activities.

Comprehensive and collision coverage is also essential for protecting your watercraft against damages from events outside of your control. This includes theft and vandalism, explosions, and fire, falling trees and objects, hurricanes, lightning, and other weather-related issues.

If you're involved in a collision with another watercraft or object, collision coverage can pay for the damage, regardless of fault. This coverage also kicks in if your boat capsizes.

Water sports coverage is a type of insurance that pays for injuries or damages caused by activities like tubing, knee boarding, and wake boarding.

If your child's friend gets hurt while tubing on your boat, water sports coverage will kick in and pay for their medical bills up to your policy's limits.

Water sports coverage specifically excludes activities like parasailing and kite boarding, where someone is pulled through the air.

This type of coverage is designed to protect you and your loved ones from financial burdens caused by water sports-related accidents.

Comprehensive coverage protects your watercraft against damages from events outside of your control, including theft and vandalism, explosions, and fire, falling trees and objects, hurricanes, lightning, and other weather-related issues.

Comprehensive coverage can pay for damage to your boat even if you're not at fault, such as if heavy winds rip the sails off your boat, causing thousands in damage.

Collision coverage can pay for damage to your boat if you collide with another watercraft or object, regardless of fault, including if your boat capsizes.

You're also covered if your boat collides with a submerged object, and collision coverage can pay for injuries to pets on your boat, up to $1,000.

Boat collision coverage provides protection against boat collision damage in the event your boat collides with another watercraft or object, such as a dock.

Comprehensive and collision coverage can also cover damage to your boat's furnishings, fittings, motors, anchors, fuel tanks, batteries, and onboard safety equipment if damage results from a covered incident.

Boat insurance is not required in all states, but if you finance your boat or dock it at a marina, you may need a specialty boat policy.

You may think you can insure your boat on your homeowners insurance policy, but those policies typically cover only small low-powered watercraft and offer few optional coverages.

With a specialized boat policy from Progressive, you'll get all the coverages you need, or the option to select them, giving you more protection for your boat.

Propulsion Mechanical Breakdown is a specialized coverage that pays to repair or replace the lower unit of an outboard motor, or upper & lower units of an inboard/outboard motor if you have a mechanical breakdown.

It covers general wear and tear, which is a major advantage over traditional insurance that typically wouldn't pay for such issues.

The cost of Propulsion Plus starts at $38/year, making it a relatively affordable option for boat owners.

This coverage does not apply to jet drives or inboard motors, so be sure to check your boat's specifications before adding it to your policy.

If your lower unit simply runs its course and dies on you, Propulsion Plus will cover the replacement cost, unlike traditional insurance that considers wear and tear as a non-covered event.

You may not need specialized coverage if you only have a small, low-powered watercraft. However, for most boaters, a homeowners policy just won't cut it.

Boat insurance is not required in all states, but if you finance your boat or dock it at a marina, you may need a specialty boat policy.

Homeowners policies typically cover small, low-powered watercraft, but they offer few optional coverages. This is why many boaters choose specialized policies.

You'll get all the coverages you need with a specialized policy, including liability, damage, and theft protection.

Property damage is a serious concern for boat owners. In fact, it only takes seconds of distracted boating to make contact with another boat, watercraft, or structure.

If you're found responsible for property damage, your insurer may pay the damages to another person's dock, boat, or property, up to your coverage limits.

Typical scenarios involving property damage claims might include an impact with a dock or pier, a crash with another boat, or a collision with a swimmer or water skier.

To give you a better idea, here are some common property damage scenarios:

It's worth noting that boat insurance is required in only two states, Arkansas and Utah, but liability coverage is generally inexpensive and can provide financial protection in case of an accident.

Progressive boat insurance policies automatically include coverage for wreckage removal and injuries and property damage related to water sports activities.

You can expect comprehensive coverage for various types of boats, including cuddy cabins, deck boats, and bowriders, as well as bass boats with modifications.

Certain boats may not qualify for coverage, such as sailboats longer than 50 feet in length and valued over $350,000, or homemade boats constructed from kits.

Pontoon boats are eligible for coverage, with prices varying from as low as $100 a year, and typically include coverage for water sports-related injuries and property damages.

Full coverage for fishing equipment and other personal property items is also included in Progressive boat insurance policies.

Our boat insurance policies automatically include coverage for wreckage removal and repair costs without depreciation when you select comprehensive and collision coverage. This means you won't have to worry about paying for the depreciation of your boat's value if it's damaged in an accident.

You're also covered for costs incurred from water sports-related injuries and damages, and oil spills. This is a great feature if you enjoy activities like fishing or cruising.

If you have a trailer on your policy, you're automatically eligible for roadside assistance. This can be a lifesaver if you're stranded on the water or need help getting your trailer back to shore.

Some boats may not qualify for coverage due to value, length, speed, or age requirements. But don't worry, we'll let you know if your boat falls into one of these categories.

Our policies include coverage for popular recreational activities like fishing, water sports, and cruising. This means you can enjoy your favorite activities without worrying about the financial risks.

We also offer agreed value coverage, which means you'll get the agreed-upon value of your boat if it's totaled in an accident. This can save you thousands of dollars in depreciation costs.

And, if you're involved in a partial loss, you won't have to worry about paying for depreciation. Our policies cover partial losses without depreciation when you select comprehensive and collision coverage.

We typically include coverage for mechanical breakdowns, fishing equipment, and trailer towing in our policies. This can give you peace of mind when you're out on the water.

But, there are some exclusions to be aware of. For example, commercial fishing boats, boats with a maximum speed greater than 90 mph, charter boats, and homemade boats are not eligible for coverage.

If you own your watercraft, comprehensive and collision coverages may be critical additions to your boat insurance policy.

Comprehensive and collision coverages can pay to repair or replace your boat up to its cash value in a covered incident.

The decision to add these coverages depends on factors like your financial situation and the actual cash value of your watercraft.

A high cash value boat may benefit from these coverages if you can't afford to replace or repair it in case of damage or loss.

Comprehensive and collision coverages may not be worthwhile for boats with a low cash value, considering a deductible applies to claims.

Your personal preferences and financial situation should also be taken into account when deciding whether to add these coverages to your policy.

You can select from a range of watercraft liability coverage limits, but the key is to choose a limit that best covers your net worth. This includes adding up the value of your savings and investment accounts, plus the equity you have in your home, vehicle, boat, and other assets.

The difference in price between the minimum liability limit and $100,000 in coverage is often minimal.

You don't need specialized boat insurance in all states, but if you finance your boat or dock it at a marina, you might be required to have one.

Boat insurance is often included in homeowners policies, but these policies usually only cover small, low-powered watercraft and offer limited optional coverages.

You may be able to get more comprehensive coverage with a specialized policy, which is why many boaters choose Progressive's policies.

Homeowners policies typically don't offer the same level of protection as a specialized boat insurance policy, so it's worth considering a separate policy if you want more comprehensive coverage.

Having the proper coverage while boating can safeguard your assets in case you’re financially responsible for someone else’s damages or injuries.

Liability coverage on your boat policy is comprised of the following: it protects you from being held financially responsible for damages or injuries to others. This is especially important if you have a large boat or plan to use it for commercial purposes.

Enjoy life on the water with boat insurance from Progressive, which can provide you with the best coverage for you and your boat.

If your boat sinks, we'll cover the cost of removing it from the water if removal is legally required. This means you won't have to pay a dime out-of-pocket for the removal process.

In a heavy storm, for example, your docked boat sinks and the marina mandates that you remove it. We'll take care of removing your boat, so you pay nothing out-of-pocket.

Removing a sunken boat can be a costly and time-consuming process, but with our coverage, you won't have to worry about the financial burden.

If you hit a submerged object and damage your boat, we'll pay what it costs to return your watercraft to its pre-accident condition or better. This means you won't have to worry about depreciation or the cost of repairs.

Total Loss Replacement is a game-changer for boat owners. It's available if you're the original owner of your boat and it's no more than one model year old.

If your boat is totaled within 5 model years, you can choose to buy a brand new one or get the amount you originally paid for your totaled boat. This means you'll save money on depreciation, which can be a significant cost.

For example, if you bought a new boat 3 years ago for $15,000, but it's now only worth $10,000, you'll save $5,000 in depreciation if you opt for a new boat.

Having the right insurance can be a lifesaver for boat owners. Liability coverage protects your assets in case you're responsible for damages or injuries to others.

Liability coverage on your boat policy is made up of several components. It's essential to understand what's included to make informed decisions about your insurance.

If your boat is totaled within five model years, you're eligible for total loss replacement. This means you can get a new boat or the amount you originally paid for your totaled boat – your choice.

For example, if you bought a new boat three years ago for $15,000, but it's now only worth $10,000, you'd still have to pay $15,000 to buy a brand new one. But with total loss replacement, you wouldn't have to worry about the depreciation.

This type of coverage can save you thousands of dollars in the long run. It's a crucial aspect of boat insurance that you shouldn't overlook.