Boat Insurance

Protection for Your Vessel, On and Off the Water.

For many, owning a boat is a dream come true, whether it’s a fishing boat, a luxury yacht, or a simple pontoon. Boat insurance is a specialized policy designed to cover you in the event of loss, damage, or liability related to your motorized watercraft. Standard homeowners or auto insurance typically offer very limited, if any, coverage for boats. Securing a dedicated marine policy protects your investment and ensures you are covered for accidents, theft, and damage that can occur both on the water and while trailering or docking your vessel.

Why Choose LINDAN Insurance for Your Boat Coverage?

Boat policies are complex because they must account for your vessel’s value, where you navigate, and what equipment you carry. As your independent agents, we are experts at navigating the specialized marine insurance market.

Here are the LINDAN advantages:

• The Independent Agent Advantage: LINDAN Insurance is an independent agency. We do not rely on a single carrier; we work with multiple specialty marine insurance companies. This allows us to accurately shop the market and find the right carrier that truly specializes in insuring your specific type of watercraft—be it a high-performance boat, a sailboat, or a large yacht.

• Ensuring the Right Valuation Method: A crucial element of boat insurance is how your vessel is valued. We help you choose the best option among:

  • Actual Cash Value (ACV): Market value minus depreciation.

  • Replacement Cost: Cost to replace with a new item.

  • Agreed Upon Value: The amount agreed upon at the start of the policy, often the preferred option for new or high-value boats. We prioritize policies that offer Agreed Value for better financial protection in a total loss scenario.

• Comprehensive Coverage for All Assets: We ensure all aspects of your investment are covered, including the boat, motor, trailer, permanently attached equipment, and any valuable personal property (e.g., fishing gear, water sports equipment) typically brought aboard.

• Customization for Your Cruising Area: Whether you stick to local inland lakes or venture into coastal waters, we tailor your policy to your actual cruising limits, ensuring you don’t face coverage denial based on where you take your boat.

Understanding Boat Insurance Coverage

A comprehensive boat insurance policy combines physical damage protection for your vessel with critical liability protection.

1. Liability Protection

Liability protects you if you are legally responsible for injuries or damage to others:

• Bodily Injury Liability: Covers medical bills, lost income, and legal defense costs if you injure someone while operating your boat.

• Property Damage Liability: Covers damage you cause to someone else’s property, such as another boat, a dock, a buoy, or a marina structure.

2. Physical Damage Protection

This section covers your vessel:

• Collision Damage: Covers the repair or replacement of your boat if it is damaged in a collision with another vessel or object (like a submerged rock).

• Comprehensive Coverage: Covers non-collision incidents, including theft, vandalism, fire, weather damage (e.g., lightning, hail), and damage while the boat is in storage or being transported.

Essential Specialty Marine Coverages

LINDAN Insurance includes or recommends these critical additions, often overlooked by standard policies: