Boat Insurance

Michael Davis Insurance can minimize the stress and worry that comes from being out on the water in your boat. We can help you find the boat insurance that will cover you, your friends, your family, your watercraft and your boating equipment. Normally, boats cost less than a dollar a day to insure and you will be able to spend time on the water that does not involve worrying about the safety of your passengers or the investment that you have made in your boat.

It is important that you know what you are looking for in a watercraft insurance policy. Michael Davis Insurance can help you determine the right amount of coverage to meet your specific needs. Contact us today to get started.

Here are some items you should consider when shopping for boat insurance.

Navigational Area

Understand where the policy will cover you in the water.  There are some policies that will only cover you when you are within 75 miles of the U.S. coastline, in Canadian coastal or inland waters and into the Pacific coastal waters of Mexico. When you live in California, Florida or Oregon you may want to purchase additional coverage for areas that are not originally covered.

Agreed Value Coverage

Watercrafts depreciate just like cars. Actual cash value policies can make it difficult to replace your boat if it has been stolen or destroyed. This means that if your boat is a total loss you will get the value you insured your boat for, minus the deductible.


Like car insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident that occurs on the water. This coverage will pay to repair or replace the property of someone else as well as their medical care, lost wages, and other costs as a result of a boating accident for which you are at-fault.

Medical Payments

Medical payments coverage will pay for the cost of medical care that is needed as a result of a boating accident. This covers you, your passengers and even water skiers or tubers, regardless of who is at-fault.

Physical Damage Coverage

This coverage pays the cost to repair or replace your watercraft, its motor, any other permanently attached equipment, and your trailer if it is stolen or damaged.

Uninsured/Underinsured Watercraft Bodily Injury

Since boat insurance is not always mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.

Fuel Spill Liability and Wreckage Removal

Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the boat’s owner, you are required by law to have this cleaned up, which can be time consuming and expensive.

Personal Effects

This insurance coverage ensures that your personal belongings, such as your clothing, jewelry, cell phones, scuba/snorkel gear, and/or fishing equipment are covered while you are on the boat. The limits vary by state, so check with us to see what’s required in your state. Personal effects coverage does not cover jewelry, watches or furs.

Unattached Equipment Coverage

This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.

Emergency Assistance

This coverage will provide the funds for towing, labor, delivery of gas, oil, or a loaned battery if your boat or watercraft is disabled on the water.

Every boat owner needs a policy that fits them – contact us today to find out how to get the best boat insurance coverage for you.

Get a Quote Now