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What Kind of Insurance Do You Need for a Boat?

Whether you’re getting ready to take your fishing boat out on your favorite lake or cruise the 6,130 miles of New England coastline in your beautiful yacht, insuring your watercraft is a must to protect it against damage and losses.

In New England, peak boating season typically begins in April and lasts only a few months. When you insure your watercraft, boat or yacht with MAPFRE Insurance, packaged coverage is available to include hull and liability.

Hull value loss (physical loss or damage) coverage provides protection from direct, accidental physical loss or damage from external causes while your watercraft is afloat, ashore and in transit. Although subject to certain exclusions, hull value coverage ranges from $5,000 to  $750,000.

Liability coverage protects against legal liability for damage done to property such as another boat, yacht, dock, bridge, or for any injury or death to another party suffered as a result of ownership, maintenance or use of the insured watercraft. The liability loss could also be applied to potential environmental damage from a fuel leak.

What types of watercraft does MAPFRE insure? We cover just about all boats subject to underwriting guidelines with no minimum or maximum length including:

  • Open cockpit
  • Cabin cruisers
  • Sailboats and inboard auxiliary powered sailboats

MAPFRE also offers a variety of endorsements for commercial watercraft operations use such as Helmsman, Shipmaster and Longshoreman endorsements, but we also offer Hurricane Loss Prevention which is more applicable to the casual boat owner.

With Hurricane Loss Prevention, if the National Weather Service issues a hurricane watch or hurricane warning for the location of your watercraft, we will pay one-half of the costs you reasonably incur to have your watercraft professionally hauled out of the water in advance of an anticipated storm and launched in the same area after the storm has ended (up to $500).

To learn more on how you can get your boat or other watercraft insured with MAPFRE in Massachusetts, Rhode Island, Connecticut, Vermont, New Hampshire or Maine, contact your independent agent today!

Please Note:This content is not intended to describe any specific coverage offered by MAPFRE Insurance. No coverage is provided, bound or guaranteed by this article. Available coverages, credits and discounts vary from state to state and are subject to eligibility criteria and policy terms/conditions, which will control in the event of conflict between this article and your insurance policy. For information about your policy, please review your individual policy contract and speak with your insurance representative.

MAPFRE Insurance® is a brand and service mark of MAPFRE U.S.A. Corp. and its affiliates, American Commerce Insurance CompanySM (Cal. COA 4928-8); Citation Insurance CompanySM; The Commerce Insurance CompanySM; Commerce West Insurance CompanySM (Cal. COA 1372-2); and MAPFRE Insurance CompanySM (Cal. COA 3039-5). Not all products available in all states.

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