Maine Boat Insurance

Finding Boat Insurance in Maine

Boating is one of the most popular pastimes in Maine. With its 2,500 lakes and ponds, 5,500-mile coastline and 2,000 coastal islands, residents take part in a wide variety of boating activities. Maine is passionate about watersports, and accidents can happen even to the most experienced sailor, which is why having insurance on your boat and searching for boat insurance quotes is important.

Why Do You Need Boat Insurance?

  • In 2012, the Coast Guard counted 4,515 accidents that involved 651 deaths nationwide, 3,000 injuries and approximately $38 million in damage to property due to recreational boating accidents.
  • Operator inattention, operator inexperience, improper lookout, machinery failure and excessive speed rank as the top five primary factors contributing to accidents.
  • The most common types of vessels involved in reported accidents were open motorboats (47%), personal watercraft (19%) and cabin motorboats (15%). 
  • June, July and August are the top months for boating accidents.
  • In the last five years, 43 people died in 39 separate boating crashes in Maine. 

Boating is, without a doubt, a fun way to spend a day on the water, whether you're fishing on your bass boat or just enjoying the water. It's important, however, always to play it safe when boating. Taking a boater's safety course, always boating sober, having every occupant wear a life jacket and having a boat insurance policy on your vessel are all important ways to keep everyone safe on the water.

What Does Boat Insurance Cover in ME?

The exact boat coverage you need depends on multiple factors. Small fishing boat insurance is very different from yacht insurance, for example. For most types of boats, the three kinds of coverage in a basic boat insurance policy include these:

  • Bodily injury liability for expenses related to the injury of another person
  • Property damage liability for expenses related to damaging another person’s property
  • Physical damage for damage to your own property, including your boat and trailer

You also may want to add additional types of coverage to your boat insurance policy in order to have full protection for yourself and your property. Here are some examples of additional coverage:

  • Property coverage for equipment such as tools, life preservers, anchors and oars
  • Insurance for fishing equipment like your rods, lures, nets and tackle
  • Towing coverage for when your boat becomes disabled and needs servicing
  • Medical payments coverage for hospital and funeral expenses for you or your passengers
  • Uninsured/underinsured boaters coverage if you have an accident with another boater whose insurance is not sufficient to cover damages

As with all insurance, the amount of benefit or reimbursement you have in the event of an incident is set at the time you buy your policy. When searching for boat insurance quotes in Maine, be sure to have the following information ready:

  • Boat's make/model
  • Boat's use
  • Boat's storage location
  • Boat's trailer information
  • Boat's value

These facts will all help in determining which policy is best for you.

Find Maine Boat Insurance Locally

Many companies offer boat insurance quotes; however, you may need the help of a Trusted Choice® agent to help you find the best policy for your situation and budget. Let your agent help you research quotes and boat insurance options from various insurance companies so you can find the policy that will work the best for you.

With an independent agent, you have the distinct advantage of comparing several policies and rate quotes from insurers in one place, all before you make a purchase. Instead of going out and comparison shopping by yourself, which could take a lot of time, you can have a guide by your side to get you the boat insurance quotes that make the most sense for your situation. The best part is, these agents live right in Maine, in your neighborhood. It's easy to find an independent agent close by and get started.

Now, who's ready to get their insurance problems solved?