Boat Insurance Explained: Everything You Need to Know Before You Get on the Water
Boat insurance protects your vessel, your crew, and your finances against damage, accidents, theft, and third-party liability on the water. Standard home insurance policies leave most boats completely exposed to significant risks Apollo Duck — meaning without a dedicated marine policy, a single incident could cost you everything you paid for the vessel and more. Whether you own a leisure cruiser, a traditional Faroese rowing boat, or a commercial fishing vessel , this guide tells you exactly what you need, what it costs, and what to watch out for. Why Boat Insurance Is Not Optional Many first-time buyers treat insurance as an afterthought — something to sort out after the purchase. This is one of the most common and costly mistakes in boat ownership. Here is the reality. Boating accidents have caused tens of millions in property damage annually, with hundreds of lives lost and thousands of injuries reported each year. LUND A single collision, fire, or storm event can result in ...