Boat or Yacht Insurance

Mother and child in a life vest sitting on a sailboat as it travels in the ocean.


Protect your adventures with boat or yacht insurance

Make sure your boat and everyone on it are properly protected with Travelers.

A sailboat sailing on a sea.

For all the boating adventures ahead

Get a boat or yacht insurance quote today and get ready to enjoy more of what you love – time out on the water with friends and family. Make sure your boat and everyone on it are properly protected with Travelers. 

How much is boat insurance?

Boat insurance costs vary based on the state where you use your boat and the coverage options you select. For instance, boating insurance options – such as agreed value policies will generally cost more than actual cash value policies. If keeping boat insurance costs down is a priority, choosing a higher deductible can reduce your policy premium. Depending upon the state where the boat is used, boat insurance policies can be purchased at a very reasonable price.*

Why do I need boat insurance?

You need boat insurance to cover loss or damage to your boat and to help protect you financially for injuries or damage caused by covered mishaps.  

Liability coverage in your boat insurance can help protect you if you cause injury to others or damage their property while using your boat.  

Medical payments coverage provides reimbursement for injuries to you and your guests. Boat or yacht insurance even covers on-water towing. 

What does a boat insurance or yacht insurance policy cover?

Choose the right boat insurance or yacht insurance for you and your boating needs. See what’s included in a basic boat insurance policy and what you may need to add.

Uninsured boater insurance

This provides coverage for incidents when another boater may not have insurance coverage. As long as you've chosen sufficient limits on your policy, uninsured boater coverage can help cover your medical bills and bodily injury resulting from an accident with someone who does not have insurance. Coverage extends to you, your family and your passengers. Requirements for uninsured boater coverage vary by state.

Flexible coverage options

Choose between agreed value or actual cash value coverage. Agreed value provides “replacement value” on covered partial losses involving your vessel. Actual cash value earns you a premium discount. In the event of a loss, settlement is based upon a depreciated value. 

Towing and assistance reimbursement

Get reimbursed for transportation of your boat to a repair facility when it’s inoperable, as well as for gas delivery (but not the gas itself) and roadside assistance. 

Ways to save

Bundling multiple policies, owning a hybrid boat and taking safe boating courses are some ways that help save money on boat insurance and yacht insurance.

Multi-policy discounts

Save money on boat insurance when you purchase multiple policies. If you already hold a Travelers auto insurance policy and/or home or other boat/yacht policies, you may be eligible for a multi-policy discount. 

Boat equipment credits

Equipment credits are available when you have certain equipment onboard, such as GPS, radar, CO2 detectors and alarm systems. These can help save you money on boat insurance. 

Boat education discounts

You may be eligible to save up to 5% per boat for passing certain safe boating courses, including those offered by the U.S. Power Squadron and the U.S. Coast Guard. For advanced courses, such as a Captain’s license, you may be eligible to save up to 10%.  

Got questions? We have answers. 

Explore common questions that are asked before, during or after purchasing boat or yacht insurance. 

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This liability coverage may go above and beyond your car and home insurance policies to help protect you from unexpected events.

Get protection that can give you peace of mind when you're on the road.

From jewelry to collectibles, you may have more valuables than you realize. And your home insurance policy may not provide the coverage you need.

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Bundle and save

Bundle more and you could save more.


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