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Boat and Personal Watercraft (PWC) Insurance
Boat coverage highlights
Total Loss Settlement
We pay the entire agreed amount, with no deductible, for a total loss. With our Masterpiece Boat Select policy, eligible vessels can receive Replacement Cost coverage up to 120% of the vessel’s insured amount.
Liability Protection
Limits of coverage to suit your personal needs, including: legal defense costs, pollution liability coverage as required by the Oil Pollution Act of 1990, and wreck removal.
Uninsured/Underinsured Boater Coverage
Coverage for bodily injury to persons aboard the insured watercraft who are injured by an uninsured owner or operator of another vessel.
Personal Property & Fishing Equipment Coverage
Protection is automatically included for the clothing, personal effects and fishing gear of the boat owner and their guests. Optional higher limits are available.
Trailer Coverage
Trailers are automatically covered up to the policy limit. Increased limits are available.
Coverage for Marinas as Additional Interest
Marinas, yacht clubs and similar facilities where clients keep their vessels are included as an Additional Interest.
Partial Loss Settlement
With our Masterpiece Boat Select policy, the repair or replacement of covered property is paid for without deduction for depreciation on most partial losses.
Medical Payments
Reasonable medical and related expenses are included for all those onboard, boarding or leaving the covered vessel. These benefits are provided on a per occurrence basis. Increased limits are available
Longshore and Harbor Workers’ Compensation Act (LHWCA)
When liability coverage is purchased, coverage is automatically provided for those employed aboard the vessel who are within the jurisdiction of the LHWCA.
Emergency Towing & Assistance
We automatically include this coverage with optional higher limits available.
Precautionary Measures
Coverage up to the policy limit for the reasonable costs incurred to haul, fuel, or dock the insured watercraft endangered by a covered peril.
Types of boats and watercrafts we insure
- Pontoons
- Bass Boats
- Ski Wake Boats
- Bowriders
- Center Consoles
- Express Cruisers
- Sportfishing Yachts
- Trawlers
- Motor Yachts
Do boats need insurance?
Many boat owners ask: do boats need separate insurance if I already have a homeowners policy? The short answer is yes, and here is why. Most homeowners policies offer only limited watercraft coverage, typically capped at a low dollar amount, with little to no protection for on-water accidents, liability, or weather and collision damage. Dedicated boat insurance fills those gaps, designed specifically for the risks that come with life on the water.
Why choose Chubb to insure your boat?
Coverage Built Beyond the Basics.
Our competitively priced boat and yacht insurance goes beyond basic. We offer agreed value coverage, with no deductible after a total loss, no depreciation on most partial losses, and precautionary measures coverage to help you avoid damage to your watercraft if it’s threatened by an event such as a hurricane or tropical storm.
A Legacy on the Water.
Our team consists of boaters who share your passion for being on the water. We understand the risks unique to boating and have built our coverages around them. With more than a century of experience protecting boats and yachts, we know what it takes to keep you covered.
A Legacy Built on Superior Claims Service
When the unexpected happens, you can trust we will be there for you with speed and professionalism. Our goal is to get you back on the water quickly, with minimal disruption to your time and peace of mind. And if repairs take more than 72 hours after a covered claim, there's coverage for a temporary substitute watercraft
Flexibility to Fit Your Life
Masterpiece boat insurance is available as a standalone policy, so you don’t need to bundle it with other personal policies to qualify. Whether this is your only policy with us or one of many, you’ll receive the same elevated experience that has set Chubb apart.
Coverage related to boat insurance
Frequently asked questions
Most U.S. states do not legally require boat insurance, but a handful do mandate liability coverage. Arkansas and Utah are among the states that require it for boats over a certain horsepower threshold. Even where it is not required by law, many marinas require proof of insurance as a condition of docking, and lenders will typically require coverage if your vessel is financed. Regardless of state law, having dedicated boat insurance is the most reliable way to protect your investment and your time on the water.
Jet skis and other personal watercraft are subject to the same state-level rules as boats, meaning mandatory coverage is rare but not unheard of. More importantly, standard homeowners policies rarely provide meaningful protection for personal watercraft, leaving you exposed to liability if an accident occurs. A dedicated watercraft policy covers on-water liability, physical damage, and medical payments for you and your passengers in ways a homeowners policy simply cannot.
In most cases, your auto insurance policy will cover your boat trailer while it is attached to your vehicle and in transit. However, once your trailer is detached and stored at home, a marina, or a storage facility, that auto coverage typically no longer applies. Chubb's Masterpiece Boat policy automatically includes trailer coverage up to the policy limit, with increased limits available, so your trailer is protected whether you're on the road or at the dock.
Insights and expertise
All paws on deck: The ultimate guide to safe boating adventures with your pet
How much does boat (watercraft) insurance cost?
What does boat insurance cover
Going into layup: Preparing your vessel for winter storage
This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued.