10 Best Sailboat Insurance Companies

The owners, crew, and passengers of sailboats are all covered by a special kind of insurance policy known as sailboat insurance.

In most cases, this kind of insurance covers both liability risks for mishaps that might happen while the boat is in operation as well as damage to the boat itself.

The amount of coverage and prices offered by sailboat insurance plans might differ significantly. While other insurance may simply provide basic liability protection, some may cover things like theft, vandalism, and damage brought on by hurricanes or other natural disasters.

Marinas and other companies that provide boat storage or docking facilities frequently demand sailboat insurance.

The common consensus is that sailboat owners should buy insurance even if it is not needed in order to safeguard their assets in the case of an accident or other unforeseen circumstance.

Best Sailboat Insurance Companies

Here we have listed the 10 best sailboat insurance providers you should consider for your sailboat insurance:

1. BoatUS Insurance

Sailboat insurance is one of the most popular boat insurance products offered by BoatUS in the US.

BoatUS’s sailboat insurance covers a variety of hazards faced by sailboat owners, including theft, damage to the boat, and legal responsibility for third parties’ injuries or property losses.

Some of the features of BoatUS sailboat insurance include:

Agreed Value Coverage:

BoatUS offers “Agreed Value” coverage, which entails an upfront agreement on the boat’s value and the payment of that value in the event of a total loss.

Liability Coverage:

BoatUS sailboat insurance comes with liability coverage, which defends the owner in the case they are held liable for harm or losses caused to third parties while operating the boat.

Medical Payments Coverage:

BoatUS sailboat insurance also offers medical payments coverage, which covers the costs of treating any injuries sustained by the owner and any passengers while they are aboard the boat.

Uninsured Boater Coverage:

BoatUS sailboat insurance also offers uninsured boater coverage, which offers protection in the event that the owner is hurt in a collision with a boater who is either underinsured or uninsured.

Towing and Assistance:

BoatUS sailboat insurance comes with towing and assistance coverage, which offers help if the boat breaks down or becomes stranded.

Together with the sailboat insurance policy, BoatUS also provides a number of other coverages, including personal effects coverage, coverage for fishing gear, and storm haul-out covering.

2. Geico Marine Insurance

To safeguard your boat and provide you peace of mind while you’re on the water, Geico Marine Insurance offers sailboat insurance.

Liability, Physical Damage, Personal Property, Uninsured Boater, Emergency Towing and Labor, and Agreed Value Coverage are some of the features of Geico’s sailboat insurance.

The “Disappearing Deductible” concept is one unique aspect of the sailboat insurance that Geico Marine Insurance provides. Through this program, policyholders can earn a lower deductible for each period during which their policies have been free of claims.

If, for example, your insurance has a $1,000 deductible and you don’t file any claims during the policy term, Geico Marine Insurance will reduce your deductible by $100 for the following policy term. Up until it reaches zero, your deductible may still be decreased.

This program rewards safe boating behavior and urges policyholders to maintain their sailboats to reduce the likelihood of filing claims. Also, it can help policyholders save money over time on their deductible.

3. Progressive Boat Insurance

Progressive provides coverage for sailboats. Their sailboat insurance packages include protection for the boat, equipment, and personal responsibility and cover a variety of sailboats, from tiny boats to larger yachts.

The following coverage choices may be included in Progressive’s yacht insurance policies:

Insurance against physical damage to the boat and its accessories
Liability insurance for mishaps and injuries on the boat or brought on by the boat
Coverage for personal property for goods kept on the boat
Protection from damage brought on by uninsured or underinsured boaters is provided by uninsured boater coverage.
Insurance for emergency services, which can assist with paying for towing or other assistance if the boat becomes stuck or suffers damage
Coverage for boat wreck removal to assist with defraying the cost of hauling a wrecked boat out of the sea

Many variables, including the kind and size of the boat, the owner’s background and experience boating, and the owner’s location, may affect the precise coverage options and cost for Progressive’s sailboat insurance policies.

To find out more about the sailboat insurance alternatives offered by Progressive, it’s a good idea to contact a representative or go to their website.

4. Markel Boat Insurance

A form of insurance coverage called Markel Sailboat Insurance is made expressly to guard sailboat owners against the dangers involved in maintaining and running a sailboat.

Sailboat insurance is one of the many insurance products Markel offers to customers. Markel is a well-known insurance provider with a long history of operation (almost 90 years).

A variety of hazards can be covered by Markel’s sailboat insurance policies, including damage to the sailboat itself and liability coverage for any harm the sailboat may cause to other boats or property.

The policy may also cover bodily injuries to the boat owner or passengers, and it may offer additional coverage for things like salvage costs and emergency towing.

The ability to customize Markel sailboat insurance allows customers to select the types of coverage they require based on their unique demands and financial situation.

Markel also provides a number of discounts for items like safety gear and boating instructions, which can help clients save money on their premiums.

5. Allstate Boat Insurance

To protect you and your boat against unforeseen occurrences that can happen while you’re out on the water, Allstate offers sailboat insurance.

Liability, physical damage, medical costs, personal effects, and towing and assistance coverage are commonly covered under Allstate’s sailboat insurance policy.

Roadside help, replacement cost coverage, and liability for gasoline spills are additional optional coverage options provided by Allstate.

You can visit their website or speak with a nearby agent to request an estimate for Allstate yacht insurance. Your choice of coverage type, your sailing expertise, and the value of your sailboat will all affect how much your insurance policy will cost.

6. Nationwide Marine Insurance

Nationwide Marine Insurance offers sailboat insurance that provides protection for sailboats against a range of risks, such as theft, damage, and liability.

The coverage offered by Nationwide Marine Insurance for sailboats can include physical damage, liability, personal property, uninsured boater coverage, and medical payments coverage.

You can select the level of coverage that best suits your needs and budget from a variety of deductible alternatives and coverage limitations provided by Nationwide Marine Insurance.

Together with discounts for completing boater safety classes, they also give discounts for safety measures including anti-theft equipment and safety gear.

It’s significant to know that, while not legally required in many jurisdictions, sailboat insurance is strongly advised to safeguard your investment and your liability.

7. NBOA Marine Insurance

NBOA Marine Insurance is a company that specializes in providing insurance for boats and yachts, including sailboats.

The National Boat Owners Association, or NBOA, was established in 1984 as a membership club for boat owners. The NBOA now offers insurance packages for a range of boat types, including sailboats, in addition to member perks.

For sailboats, NBOA Marine Insurance provides a variety of coverage options, including liability, personal effects, uninsured boater coverage, and property damage coverage.

Other coverage choices from NBOA Marine Insurance include haul-out coverage for hurricanes, pollution liability coverage, and towing and assistance coverage.

Members of the National Boat Owners Association can receive savings from NBOA Marine Insurance, which is one of the company’s advantages. Additionally, the NBOA offers a network of authorized repair shops and 24-hour claim help.

8. Chubb Marine Insurance

Sailboat insurance is available from Chubb Marine Insurance to shield owners against a variety of dangers and liabilities when using their boats. The following are some essential details concerning Chubb’s sailboat insurance:

Coverage options: liability coverage, hull and machinery coverage, personal injury protection, and more.
Protection for the vessel: physical damage to the sailboat, including damage from collisions, weather events, theft, and vandalism.
Liability: legal and financial liabilities resulting from accidents, injuries, or property damage that occur while operating the vessel.
Personal injury protection: medical expenses, lost wages, and other costs resulting from injuries sustained by the boat owner, passengers, or crew members.
Additional coverage options: overage for salvage and wreck removal, pollution liability, and more.
Worldwide coverage: coverage for vessels operating in waters around the world, as long as the vessel is registered in the United States.

Sailboat owners can enjoy their boats on the water with complete safety against financial risks and obligations thanks to Chubb’s sailboat insurance.

9. Foremost Boat Insurance

Boat owners can be covered by Foremost Boat Insurance, a particular kind of insurance policy. Boat insurance plans are available from Foremost Insurance Group, a Farmers Insurance Group affiliate, and are specially designed to fit the needs of boat owners.

Fishing boats, sailboats, pontoon boats, yachts, and personal watercraft are just a few of the boat types that Foremost Boat Insurance covers. Several hazards are covered by the policy, including damage from hurricanes and tornadoes as well as theft, collision, capsizing, and capsizing.

Liability coverage, which covers harm or injuries brought on to others while operating the boat, as well as physical damage coverage, which covers harm to the boat itself, are two of the coverage options offered by Foremost Boat Insurance.

Medical payments insurance, uninsured/underinsured boater insurance, and personal property insurance are other coverage choices.

Moreover, Foremost Boat Insurance provides customers with a number of savings, such as multi-policy discounts, loyalty discounts, and discounts for safety training. Also, policyholders can select from a variety of deductible options to tailor their insurance to their requirements and financial situation.

10. Safeco Boat Insurance

Sailboat insurance is a service provided by Safeco to boat owners. The purpose of Safeco sailboat insurance is to shield boat owners from the financial damages that can result from the loss or damage of their sailboat.

Sailboat physical damage, liability, personal property, emergency services, uninsured/underinsured boater coverage, and other dangers are all covered by Safeco sailboat insurance.
Other optional coverages from Safeco for sailboat insurance include coverage for racing sailboats, coverage for dinghies, and coverage for extra gear.

Safeco sailboat insurance offers boat owners peace of mind when out on the sea because it is a complete insurance plan.

Conclusion

Selecting yacht insurance is a significant choice that calls for careful consideration of a number of aspects.

You may choose sailboat insurance that suits your needs and offers the security you require while sailing by taking these precautions. It is crucial to pick a policy that gives you security when boating and that you feel comfortable with.