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Watercraft & Boat Insurance

Watercraft & Boat Insurance Information

Personal Watercraft and Boat Insurance- Bellefontaine, Marysville, Columbus and central Ohio

We may live in Ohio, but when summer comes, it's time to bring out the toys and enjoy them to the fullest!  And just like any other motorized vehicle, personal watercraft and boat insurance is important- to protect you if you injure someone or damage someone's property while boating AND to protect your boat or personal watercraft if it is damaged. There are several options available to insure your boat depending on the type of boat it is. 

That's where we come in

We'll discuss your situation and help you decide which of our many options is the right one for you. Boats and personal watercraft are designed to take stress away, not add to it. So let us make boat insurance stress-free and protect your fun in the process! 

Do you need to have insurance on a boat?

The state of Ohio does not require that you have boat insurance. However, this doesn’t mean it’s a good idea or that we recommend it. For example, if you cause an accident in your boat, a boat policy would pay for bodily injury and/or property damage to others, just like auto insurance does.

If you have a loan on your boat, you’ll need to have boat insurance to cover damage to the boat. Likewise, if your boat still has a decent amount of value, you may also want to consider boat insurance to cover damage to the boat.

What is boat or watercraft insurance?

Boat insurance is very similar to auto insurance. Some of the typical coverage items in a typical boat policy are listed below. Notice the similarities between boat insurance and auto insurance, including terms and definitions.

Liability Coverage
Liability coverage includes damages, other than punitive or exemplary damages, for bodily injury and/or property damage for which an insured person becomes legally responsible because of an accident arising out of the ownership, maintenance or use of a boat. This works exactly the same as auto insurance liability coverage, except it relates to boats.

Medical Payments
This coverage includes reasonable expenses for necessary medical and funeral services received by an insured person due to bodily injury he or she sustained in an accident involving an insured watercraft. Again, just like auto insurance medical payments, it is a no-fault coverage available to use immediately.

Physical Damage Coverage
Provides coverage for damage to your boat, including theft, fire, vandalism, collision (including foreign object in the water), wreckage removal, and much more.

Uninsured Boaters
This coverage pays a covered person occupying a boat or personal watercraft for bodily injury caused by the owner or operator of an uninsured or underinsured boat or personal watercraft.

What is PWC insurance?

PWC insurance is also called Personal Watercraft insurance. PWC’s are also called by other names such as jetskis and waverunners. Most boat insurance policies can cover a wide range of watercraft and PWC’s would be included.

Is a boat covered under homeowners insurance?

Sometimes. Many homeowners insurance policies may provide a small amount of coverage for both liability and property depending on the type of boat. Factors such as type of engine, horsepower and size will determine if the homeowners policy can cover it or not. If not, then a separate boat policy would be the answer.

What does full coverage boat insurance cover?

Just like with auto insurance, the term “full coverage” is used a lot. Unfortunately, it’s not a real word. You can read more about the difference between Full Coverage vs. Liability only in our blog post.

When you say “Full Coverage”, we’re pretty sure you mean coverage for damage to your boat. So, the physical damage portion of the policy would take care of this. Physical damage covers such things as theft, fire, vandalism, overturn, contact with an object in the water (stumps are big around our area), falling objects and even glass breakage.

How much does it cost to insure a boat?

Although 10 years ago, we may have been able to pick a number out of thin air, there are SO many rating factors involved now that it’s impossible to come up with a “ballpark”.

Here are just SOME of the factors that come into play in rating a policy:
• Type of boat (outboard, inboard, PWC, etc.)
• Size and performance of boat
• Age of boat
• Your age
• Where you live
• Your driving record
• Your insurance score, which takes into account credit history. This is legal to use as a rating tool in many states- Ohio is one of them.
• Personal info such as whether you passed a boating safety class or belong to a boating association.

The best way to find out the cost to insure your boat is to contact us today! You can call us at (937) 592-4871 or complete our boat quote request form and we'll get right on it!

Contact Alan Galvez Insurance Today

Request your boat insurance quote with Alan Galvez Insurance NOW.

5 QUICK questions will get you started!  Note: By submitting this form you won't get an "instant" rate- instead you get a team that will shop our companies to find the best policy for you at the best premium. We have several companies in-house and access to MANY more. So you can stop shopping and leave the hard work to us! A member of our helpful team will contact you within one business day, but usually much sooner!

Helpful Tip: If you have other "toys", like an RV or motorcycle, we can quote those too!  



Robert W. says, "I can honestly say our experience with every one within the office has always been a pleasure. The entire staff are always polite and courteous and responsive to our needs. Their recent app is a great avenue to have the information you require when you need access." 

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Alan Galvez Insurance
134 W. Columbus Ave.
Bellefontaine, OH 43311

 (937) 592-4871


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