Massachusetts Boat Insurance
Find the right boat insurance policy for you.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Massachusetts is right on the Atlantic, and the boating opportunities for residents here are exceptional. Cape Cod, Martha’s Vineyard and Nantucket Sound are all popular boating areas of the New England coastline. A boat is usually a significant investment. Boating also has some intrinsic risks by its very nature, so it is better to be insured than face considerable costs if something goes wrong on the water. An independent insurance agent in our network can help you find the right sort of policy for your Massachusetts boat insurance needs. Contact a local member agent to get started finding the right coverage for your needs and risks.
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Five Boats Frequently Involved in Accidents
- Open motorboat
- Personal watercraft
- Cabin motorboat
- Canoe/kayak
- Pontoon
There are many different types of boats, from small canoes and kayaks to luxury yachts, all with different capabilities and characteristics. A smaller craft might be covered on your homeowners policy, but your home insurance will likely not cover a larger, more expensive boat.
What Does Massachusetts Boat Insurance Cover?
The risks that a standard Massachusetts boat insurance policy might cover include damage to or loss of the boat due to accidents, storms, collisions with rocks or floating objects, capsizing, and injury to passengers or to other boats or people. Some policies also cover engine damage. Things that might not be covered include equipment in the boat and personal possessions.
To ensure that your policy covers the risks you face, be sure to carefully assess the liability portion of your policy. Talk with your agent to determine the amount of coverage that makes the most sense in the event of serious injury or fatality for which you are responsible. Consider, for example, whether your boat will be used for higher-risk sports like water-skiing, wakeboarding or parasailing. A local independent agent in our network can help you you carefully evaluate your needs.
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Main Causes of Boating Accidents
- Driving under the influence of alcohol
- Driver inattention
- Speeding
- Reckless or careless handling of the craft
How Much Does Massachusetts Boat Insurance Cost?
The costs of Massachusetts boat insurance will vary greatly depending on a number of factors and could range anywhere from a few hundred dollars per year to several thousand. The size, power, cost, and age of the boat are some obvious factors that will affect your premiums. Another factor is your boat's horsepower. If you have a pontoon that you take out for a cruise on the local waterways, you will typically get cheaper Massachusetts boat insurance quotes than if you have a high-powered yacht.
How Can I Reduce Risk and Save Money?
It is also possible to reduce your costs by showing that you are safety-conscious and have taken precautions against some of the most common risks out on the water. If you take a boat safety training course, for example, and always wear lifejackets, your insurance company may reward you with discounts. A good claims-free record can also help you keep your premium costs down.
Don’t Buy More Boat Insurance than You Need
A local independent agent in our network can help you get just the right amount of coverage for your unique needs. Your agent will be well-versed in the risks of this area and the type of coverage that makes the most sense for Massachusetts boaters. Additionally, your agent can help you keep your premiums low by advising on steps you can take to improve safety on the water.
Find a local member agent today to get started comparing Massachusetts boat insurance quotes.