What does boat insurance cover? A complete guide

Published July 22, 2025 by Angela Talbot

Auto & Vehicle

Boating is an incredible way to escape the stresses of daily life, offering relaxation and adventure alike. But even the most experienced boaters can face unexpected challenges on the water. That’s where boat insurance comes in. It provides crucial protection for your vessel, your passengers, and yourself, so those carefree days on the water don’t end in financial stress.
If you’re a boat owner or thinking about becoming one, this guide will explain everything you need to know about boat insurance, from the types of coverage available to discounts that can help you save money. At WebFirst Insurance, we’re here to make sure you can enjoy the waves with peace of mind.

Boat Financing

Why your boat needs insurance

Between the sparkling lakes of Massachusetts and the open ocean along our coast, boating is a way of life for many. However, with boating comes risks like accidents, theft, and natural disasters. A comprehensive boat insurance policy serves as a safety net, protecting you against the unexpected.

WebFirst Insurance, an insurance subsidiary of Webster First Federal Credit Union, offers a variety of boat insurance solutions tailored to your needs. Whether you own a small fishing boat or a luxurious yacht, we can help you find the right coverage to match your vessel and lifestyle.

Types of coverage explained

Boat insurance can encompass a variety of protections. Here’s a breakdown of the most common types of coverage included in policies provided by WebFirst Insurance:

1. Comprehensive coverage

Comprehensive coverage protects against non-collision-related damages like:

Theft – Coverage for stolen equipment or the boat itself.
Vandalism – Repairs for damage caused by malicious acts.
Acts of Nature – Hurricanes, storms, and lightning damage.
Debris – Damage caused by debris kicked up by other vessels.
Windshield Damage – Replacements or repairs for damaged windshields.

2. Collision coverage

If your boat is damaged in an accident (regardless of who’s at fault), collision coverage ensures you don’t bear the financial burden of repairs.

3. Medical payments

Even with the utmost caution, accidents happen. Medical payments coverage helps pay for medical bills incurred by you or your passengers, whether the accident was your fault or not.

4. Liability coverage

This covers costs related to damage or injuries you cause while operating your boat. It also includes legal fees in case of lawsuits arising from an accident.

5. Uninsured/underinsured coverage

Unfortunately, not all boaters carry adequate insurance. With uninsured/underinsured coverage:

Your injuries or property damage will still be compensated.
You’re covered when the other boater’s policy falls short.

6. Optional add-ons

Add-ons provide additional peace of mind for unique scenarios:

Towing Services – Financial assistance if you need to tow your boat.
Water Pollution Coverage – Coverage for cleanup costs if your boat leaks fuel or oil into the water.

What types of boats are covered?

WebFirst Insurance provides coverage for a variety of vessels, ensuring your specific boat type is protected. Note that racing boats are excluded from our policies.

Covered boats include:

Yachts – We cover yachts, though these policies undergo a more extensive quoting process based on the vessel’s value.
Personal watercraft – Jet skis and similar watercraft.
Other non-racing boats – Whether it’s for fishing, recreational outings, or family trips, you’re covered.

Save on your premiums with discounts

Boat ownership can be expensive, but there are ways to save on your insurance premiums. WebFirst Insurance offers several discount opportunities:

Bundling discounts – Save by combining multiple insurance policies.
Pay-in-full discount – Pay upfront for the entire policy term and receive a discount.
Boat safety course discount – Show proof of course completion, and you’ll qualify for savings.
Claim-free discount – Enjoy lower premiums if you remain claim-free.
Lay-up discount – If your boat is stored and unused during the off-season, you can receive a discount.

Our agents will work with you to ensure you take advantage of every discount available.

Take the first step toward peace of mind

With the wide variety of lakes and access to the Atlantic Ocean, Massachusetts offers endless boating opportunities. But even the most seasoned boaters need protection against life’s unforeseen challenges. Boat insurance gives you the coverage needed to enjoy the water without worry.

WebFirst Insurance specializes in helping boat owners like you find the perfect protection for their vessels. Get in touch with one of our agents to learn more about the coverage options available and to receive a personalized quote.

Click here to get started with a free quote today

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or call us at (800) 957-1455. Agents are standing by to help you Monday through Friday, 8 AM – 4:30 PM.