NC Boat Insurance

NC Boat Insurance

In this article we will be discussing North Carolina boat insurance policies. Spring is the time of year when the weather starts warming up and everyone starts spending more time outside. Those with boats are excited to get their boat from wherever it is being winterized and drop it back in the water or gas it up to be ready to go out when the weather allows.

As a fellow boat owner, I can attest for that feeling of a bear coming out of his cave from a long winter of hibernating and ready to enjoy mother nature. This bear, however, likes to cruise on the water at 40 MPH.

Whether you are new to boating or you have been doing it since you were a kid, there are some boat insurance items that you should familiarize yourself with.

In NC, small boats with very low horsepower may be covered under your home insurance. Think small bass boats, row boats, and kayaks. You will want to check with your insurance agent to find out if your boat can be added to your home policy first. Typically anything with any considerable amount of speed and/or length will need a separate policy though.

Waverunners and jet skis normally will have a separate policy that would be separate from your home insurance policy. These types of personal watercraft are typically inexpensive and can cover you for liability, comprehensive, and collision losses. Most companies allow multiple personal watercrafts on the same policy too which makes paying them easier to stay on top of.

Boats, like vehicles, are rated based on the value, speed, and location of the boat. In addition, items like driver record, prior boat insurance, boating experience, credit, and multiple policies with the same company will also play a role in your overall rate.

When calling for a boat insurance quote you should have the same info that you would need to have when requesting an auto insurance quote such as address, serial number, and driver info.

You will also need to know the horsepower of the boat as this will make a difference in your rate. If you own a trailer be sure to have this info available as well.

Types of Boat Insurance Coverage

  • Liability
  • Uninsured boater coverage
  • Physical damage (comprehensive and collision)
  • Emergency watercraft towing
  • Personal effects


Liability Insurance

Probably the most important kind of insurance for boats would be liability insurance. Imagine running your boat into a dock full of sunbathers or another boat full of people. The bodily in