Get specialized boat insurance for as little as $100 per year *
Annual premium for basic liability with our partner progressive insurance. Policy may not be available in all states.
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If you run out of gas or your boat breaks down on the water, our carrier partner Progressive has a unique coverage called Sign & Glide that pays for on-water towing, fuel delivery, soft ungroundings, and jump starts. They may even arrange for the tow and pay the tow operator directly (in most cases).
Example: You run out of gas in the middle of a lake. If you added this coverage, just call our dispatch center (number included on your policy card) or contact us through the Sign & Glide app. We’ll then deliver fuel and/or tow you to the nearest shore.
When your watercraft needs to be repaired, some insurance companies will bring your boat back to its previous condition or better, and never depreciate the value of any of your parts.
Example: Seats are damaged on your 5 year-old boat. They’re older and only worth $50 each, so some insurers may only give you $200 ($50 per seat). But, you need new ones that cost $250 each. Replacement cost will pay the full $1,000 for all new seats. That’s an $800 difference!
This is another unique coverage offered by Progressive. If you add Propulsion Plus and the insurance carrier will repair or replace the lower unit of an outboard motor, or upper and lower units of an inboard/outboard motor, if you have a mechanical breakdown—even if it’s caused by wear and tear.
Example: Your lower unit is 10 years old and if finally dies on you. Typically, normal wear and tear wouldn’t be covered by insurance. But if you add Propulsion Plus coverage with Progressive, they can pay to repair or replace your lower unit.
When you buy a Progressive boat insurance policy, wreckage removal and fuel spill coverages are automatically included. If your boat sinks or you’re responsible for a fuel spill, Progressive can cover the bills all the way up to your policy’s property damage liability limits. Note: Progressive will only remove your sunken boat if it’s legally required.
Example: Your older boat sinks while docked in your slip. You may be required to remove the wreckage and address any fuel spills. Just contact the insurance carrier to file the claim, and Progressvie cover the costs.
This coverage comes standard with some insurance companies when you have trailer coverage on your policy—this allows the insurance company to tow your disabled vehicle to the nearest repair shop.
Example: You’re hauling your boat to the lake and your vehicle breaks down or runs out of gas. The insurance company will pay to tow your vehicle and/or watercraft to the nearest repair shop.
Water sports coverage provides protection for injuries or damages you may cause while tubing, knee boarding, wake boarding, wake surfing or other similar activities. Parasailing, kite boarding or other activities in which someone is pulled through the air won’t be covered.
Example: Your friend is injured while tubing on your boat. Water sports coverage can hellp to pay for their medical bills up to your policy’s limits.
Whether you buy watercraft insurance on your directly through the insurance company or from an insurance agent, you’ll be asked some basic questions about you, your boat, and the coverages you’re looking for. All these factors will affect your price for insurance. Then, if you damage your boat or hit someone/something else, you’ll file a “claim” with your insurance company. If it’s covered, the insurance comapny will pay for the losses or injuries up to your coverage limits.
Insurance companies will look over a variety of “risk” factors, to ultimately determin pricing. It really comes down to risk: How likely are you to have a boat accident and what will that accident cost? Here are a few of the essentials that will determine your price:
Claims history: If you don’t have a record of auto or boat insurance claims, your insurance company will likely consider you less likely to have an on-water accident.
Type of boat: Just like with cars and motorcycles, your boat’s year, make, and model will affect your price. Newer boats generally cost more to replace, and boats designed for speed often cost more to insure than lower-performance boats. Whether you have an inboard or outboard motor will also influence your rate.
Boating experience: The longer you’ve spent on the water, the better. So, more experienced boaters are also less likely to have an accident. Completing a watercraft safety course may also help bring down the cost of boat insurance.
Comprehensive coverage is generally for damages to your boat from events beyond your control
The types of things comprehensive coverage is good for are:
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IronPoint Insurance Services is an independent insurance agency licensed (#0G87821) with the California Department of Insurance. We are authorized agents for many A+ rated Arizona, California and Utah insurance companies. We provide consumers with online, phone, and in-person insurance services through our insurance company relationships. IronPoint Insurance Services, LLC offers multiple insurance quotes to provide consumers several options for their insurance products. We offer auto insurance through Mercury Insurance Group, Travelers Insurance Companies, The Hartford, MetLife Auto & Home, and Progressive Drive Insurance. We are authorized insurance agents for these companies and do not charge any fees for our services. If an IronPoint insurance agent trys to charge you broker or agency service fees for representing these companies, please contact us immediately.