Boat & Yacht Insurance

A classic New England shoreline scene is not complete without dozens of boats on the water. Connecticut is one of the best places to own a boat or yacht, especially in the summer. Make sure you know the facts about boat insurance coverage so that you and your family and friends can truly enjoy being out on the water.

Do I need boat insurance in Connecticut?

In almost all cases, the state of Connecticut doesn’t legally require you to insure your boat or yacht. A couple exceptions include if you’re using your boat as collateral for a loan, or if you’re docking your watercraft at certain harbors and marinas.

A boat or yacht is often a bigger investment than a car. Although not required by law, insuring your watercraft will give you the peace of mind you need to enjoy Connecticut’s shoreline and rivers.

What does boat insurance cover?

At State Wide Insurance, we’ll work with you to build a boat or yacht insurance policy specialized to your needs. There are a variety of coverage types available, including:

  • Liability, which covers you if you’re at fault for an accident involving your boat. This includes bodily injury and property damage.
  • Collision covers repairs to your boat if it’s damaged in a collision, similar to collision in auto insurance policies.
  • Comprehensive covers non-collision related damage, such as a fire. This might also include on-water towing services if your boat breaks down while you’re out on the water.
  • Uninsured boat coverage will protect you in case you’re involved in an accident with someone who does not have boat insurance.

Does homeowner’s insurance cover my boat?

Many people mistakenly believe that their homeowner’s insurance plan also covers their boat or yacht. However, this is mostly not the case. While homeowner’s insurance may cover small watercrafts attached to your property, it often does not cover larger vessels that can have their own insurance policy.

The independent insurance agents at State Wide can help you determine what’s already covered and make sure you have a plan to adequately protect you and your boat.