Marine Insurance
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Marine Insurance

Marine Insurance

 

Definition of 'Marine Insurance'

An insurance policy that provides indemnity liability coverage on pleasure boats. Yacht insurance includes liability for bodily injury or damage to the property of others and damage to personal property on the boat. Depending on the insurance provider, this insurance could also include gas delivery, towing and assistance if your boat gets stranded.

Some companies specialize in providing coverage for antique and classic boats. Policy holders can choose between an actual cash value or agreed value policy. Some policies include discounts based on a policy holders' boating education, boat safety features or whether they have a hybrid or electric boat. Our in house marine insurance specialist will carefully review the make , model and use of your boat followed up by recommendations to ensure that you are properly covered.

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