What You Need to Know About Boat Insurance Claims

Insurance Services Tips 

Boating is a great way to relax and enjoy the outdoors, but accidents can happen. That's why boat insurance is so important. If you're involved in an accident or your boat is damaged or stolen, you need to know how to file a boat insurance claim. Here's what you need to know.

The First Steps

The first thing you should do after an accident is to make sure everyone is safe. If there are any injuries, call for medical help immediately. Then, assess the damage to your boat. Take pictures of the damage and the surrounding area. This will help you when you file your claim.

Contact Your Insurance Company

Once you've made sure everyone is safe and you've assessed the damage, it's time to contact your insurance company. Most insurance companies have a 24-hour claims hotline, so you can report the claim right away. Be prepared to provide the following information:

  • Your policy number
  • The date and time of the accident
  • The location of the accident
  • A description of what happened
  • The names and contact information of any witnesses

The Claims Process

Once you've reported the claim, your insurance company will assign a claims adjuster to your case. The adjuster will contact you to discuss the details of the accident and the damage to your boat. They may also ask for additional information or documentation, such as repair estimates or police reports.

After the adjuster has gathered all the necessary information, they will determine whether your claim is covered by your policy. If it is, they will work with you to settle the claim. This may involve repairing or replacing your boat, or paying you the value of your boat if it's a total loss.

What's Covered?

Boat insurance policies vary, so it's important to know what's covered under your policy. Most policies cover the following:

  • Damage to your boat
  • Damage to other boats or property
  • Injuries to other people
  • Theft or vandalism

Some policies may also cover additional expenses, such as towing or salvage costs. Make sure you understand what's covered under your policy and what your deductible is.

What's Not Covered?

There are some things that are typically not covered under boat insurance policies. These may include:

  • Wear and tear
  • Mechanical breakdowns
  • Damage caused by improper maintenance
  • Damage caused by intentional acts, such as racing or illegal activities

Make sure you read your policy carefully and understand what's not covered.

Tips for Filing a Successful Claim

Filing a boat insurance claim can be a complicated process, but there are some things you can do to make it go more smoothly:

  • Report the claim as soon as possible
  • Provide as much information as possible
  • Keep copies of all documentation, including repair estimates and police reports
  • Follow up with your insurance company regularly
  • Don't sign any settlement agreements until you're sure you're getting a fair settlement

Understanding Your Policy

Before you even get on the water, it's important to understand your boat insurance policy. The policy will outline what is covered and what is not covered, as well as any deductibles you will have to pay in the event of a claim. Make sure you read your policy carefully and ask your insurance agent any questions you may have.

One thing to keep in mind is that boat insurance policies are not one-size-fits-all. Your policy may be different from someone else's policy, depending on factors such as the type of boat you have, where you use it, and how often you use it. Make sure you understand what your policy covers and what it does not cover.

Liability Coverage

In addition to coverage for damage to your boat, most boat insurance policies also include liability coverage. This coverage will protect you if you are found to be at fault in an accident and someone else is injured or their property is damaged. Liability coverage can help pay for medical bills, lost wages, and other expenses related to the accident.

Agreed Value vs. Actual Cash Value

When you purchase boat insurance, you will have to choose between agreed value and actual cash value coverage. Agreed value coverage means that you and your insurance company agree on the value of your boat, and that is the amount you will be paid in the event of a total loss. Actual cash value coverage, on the other hand, takes into account depreciation and will pay you the current value of your boat at the time of the loss.

Agreed value coverage is typically more expensive than actual cash value coverage, but it can provide more peace of mind if you have a newer or more expensive boat.


Boat insurance is an important part of owning a boat. If you're involved in an accident or your boat is damaged or stolen, you need to know how to file a boat insurance claim. By following these tips and working with your insurance company, you can get the help you need to get back on the water as soon as possible. Make sure you understand your policy and what it covers, and take steps to prevent accidents from happening in the first place. With the right insurance and the right precautions, you can enjoy your time on the water with confidence.