Watercraft Insurance
Protect your boat, passengers, and financial well-being. Navigate the open waters with confidence in knowing you’re covered.
Cruise the Open Waters with Confidence
Ahoy! At Manna Insurance, we understand the unique needs and risks of boat owners and sea-faring enthusiasts.
Working with us means you have a team of experts who can navigate the intricacies of this maritime world for you.
Whether you're a weekend sailor, a yacht owner, or operating a commercial vessel, we can tailor a policy that precisely fits your unique insurance needs.
We’ll work to ensure that your time on the water is worry-free, and you can be confident in knowing that you have a trusted partner to back you up in case of unexpected challenges like accidents, storms, or liabilities.
So what coverage do I need?
Setting Sail with Protection for Your Watercraft
Liability
This is often the foundation of a watercraft insurance policy and covers bodily injury and property damage liability. It can pay for medical expenses, legal fees, and damages if you are responsible for injuries to others or damage to their property while operating your watercraft.
Physical Damage
This coverage helps repair or replace your watercraft if it's damaged or destroyed due to covered perils, such as collision, fire, theft, vandalism, or storms. It typically includes two components:
Hull Coverage: Covers damage to the boat itself, including the hull, engine, and other permanently attached equipment.
Personal Property Coverage: Covers personal belongings on the boat, such as clothing, fishing gear, and electronics.
Medical Payments
Pays for medical expenses for you and your passengers if you're injured in an accident on your watercraft, regardless of fault.
Towing & Assistance
Provides coverage for emergency towing, fuel delivery, and other roadside assistance services if your watercraft breaks down while on the water.
Lay-Up Period
Some policies offer a lay-up period during the off-season when you may not be using your watercraft. During this time, coverage is reduced, which can lead to cost savings.
Named Perils vs. All-Risk
You can choose between named perils coverage, which only protects against specific risks listed in the policy, or all-risk coverage, which provides broader protection but may come at a higher cost.
Agreed Value vs. Actual Cash Value
When insuring your watercraft's physical damage, you can choose between agreed value and actual cash value coverage. Agreed value pays the pre-determined value of the watercraft in case of a total loss, while actual cash value considers depreciation and pays the current market value.
Underinsured/Uninsured Boater
This coverage can protect you if you're involved in an accident with a boater who doesn't have insurance or doesn't have enough insurance to cover your damages.
Special Equipment
If your watercraft is equipped with additional accessories or special equipment, such as fishing gear, navigation systems, or wakeboarding equipment, you can add coverage specifically for these items.
Trailer
If you transport your watercraft using a trailer, you can include coverage for the trailer itself, protecting it from damage or theft.
Wreck Removal
Covers the cost of removing your watercraft from the water if it sinks or becomes stranded, which can be expensive.
Navigational Limits
The policy may specify where you can operate your watercraft. Navigational limits can affect the cost of insurance.
Ways to Save on Watercraft Insurance
Carefully assess your watercraft insurance needs and select coverage that aligns with the type and value of your vessel. Avoid over-insuring by choosing coverage tailored to your specific boating activities.
Right Coverage
Invest in safety equipment and practices, such as safety courses, navigation lights, and proper maintenance, to reduce the risk of accidents and claims. Insurers often offer discounts for watercraft owners with strong safety records.
Safety Measures
Check if you can bundle your watercraft insurance with other insurance policies, such as homeowners or auto insurance, from the same provider. Bundling can result in cost savings.
Bundle
Frequent Questions About Watercraft Insurance
Insurance can be complicated and confusing. We’re here to help answer your most common questions about watercraft insurance coverage.
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Watercraft insurance can cover various types of boats and personal watercraft, including sailboats, powerboats, jet skis, yachts, pontoons, and more.
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Homeowners insurance may provide limited coverage for small boats and watercraft. However, it often has size and horsepower limitations. Larger or faster boats typically require a separate watercraft insurance policy.
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While it's not typically required by law for recreational boaters, some states may require insurance for certain types of watercraft, such as personal watercraft (PWC). Additionally, marinas or lenders may require insurance.
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Yes, watercraft insurance can cover damage caused by storms, hurricanes, and other weather-related events, depending on the policy. It's important to review the coverage details, especially if you live in hurricane-prone areas.
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Many watercraft insurance policies include coverage for the boat while it's being trailered, but this can vary. It's essential to confirm with your insurer whether your boat is covered during transit.
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Yes, some watercraft insurance policies include coverage for salvage and wreck removal, which can be crucial in case your boat becomes stranded or damaged.
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Agreed value policies pay out a predetermined amount in case of a total loss, while actual cash value policies consider depreciation. Agreed value policies are often preferred for insuring high-value boats.
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You can often add coverage for fishing equipment, water sports gear, and accessories to your watercraft policy to ensure they are protected in case of theft or damage.
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After an accident, it's essential to prioritize safety and report the incident to your insurer as soon as possible. Follow the claims process and provide any necessary documentation.
More Coverage Options
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RV, ATV, Motorcycle Insurance
Protect yourself and your valuable vehicles from the risks associated with the thrilling world of outdoor adventure.
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Auto Insurance
Whether you have a car, a truck, or SUV, ensure your coverage is right for your needs.
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Life Insurance
Family is so important. Make sure they’re taken care of for life.
Kind Words from Our Customers:
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Ciarra Flint
★ ★ ★ ★ ★
Kyle and Jen are incredible! They walked me through the whole process and were so patient with all of my questions and fully explained everything to me! Thank you so much!
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AJ Johnson
★ ★ ★ ★ ★
The entire staff at Manna Insurance is personable and professional. Rare these days. We are very satisfied with our new policies. We highly recommend Manna!
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Emily Kooistra
★ ★ ★ ★ ★
Last year my home suffered some roof damage due to wind storms. Daniel and Kailey were quick to offer help in any way. Both went above and beyond in communicating with the insurance company to ensure that I was taken care of quickly and efficiently. I would highly recommend Manna Insurance to my family and friends!
Welcome to the Family
As a Manna Insurance customer, you are not just a number to us. We see you as part of our family and all that goes with being part of the #MannaFam.