What does boat insurance cover?

What is boat insurance?

Boat insurance acts as a form of financial protection and peace of mind should anything happen to your boat. It can include third-party liability cover, damage and theft cover, and more.

What does boat insurance cover?  

Depending on the type of boat you own, insuring your boat through CraftInsure can provide cover for:

• Third-party liability
• Loss or damage (from fire, theft, or during transit by road)
• Repair or replacement
• Recovery of the vessel
• Underwater gear

This means that if you were to have an accident driving your boat, causing injury to another person or their property, or cause damage to your own boat, you may be able to claim some or all of the legal fees and repair costs back.

In addition to the above, you can also get further cover specific to your type of vessel. For example, if you insure your racing dinghy through CraftInsure, you can get cover for up to 30 days of use in continental Europe. Third-party liability cover through CraftInsure includes cover up to the value of £5m as standard, despite our low premiums.

For a list of your cover's inclusions, please visit the Summary of Cover page on our website. For the full details of your policy, please refer to the relevant CraftInsure Insure Booklet for your vessel.

What does boat insurance not cover?

Boat insurance through CraftInsure will not provide cover for:

• Loss or damage caused by a vessel being in an unseaworthy condition
• Wear, tear, depreciation, or gradual deterioration
• Mechanical or electrical breakdown
• Wilful misconduct or recklessness by you or other persons driving the vessel
• Loss or damage to personal effects
• Operating the vessel outside of the territorial scope shown in the policy

Please check the relevant page for your type of vessel to learn the specifics of what isn't covered by your policy.

Do I need boat insurance?  

It is not a legal requirement to have boat insurance in the UK. However, given the large investment you make when buying a boat, it might be worth considering putting some financial protection in place in case anything was to happen to it.

How does boat insurance work?

If you would like to get a quote for boat insurance through CraftInsure, you can do so by visiting our website's home page, selecting the type of boat you would like to insure, and clicking the quote button. You may need to provide information such as your personal details, the details of your boat, and your claims history.

If you've taken out a boat insurance policy with us and want to make a claim, visit our Make a Claim page on our website and log in to your account. Once you've filled in the claim form and submitted it to us, you should receive an email to which you can reply with photographic evidence supporting your claim.

How much does boat insurance cost?

The cost of insuring your boat through CraftInsure depends on a number of factors, such as:

• The type of boat you want to insure, including its age and maximum speed
• The boat's value
• How you plan to use your boat and where it will be kept
• Your experience and claims history

The best way to find out how much your boat insurance policy will cost is to head to our home page, select the type of vessel you wish to insure and get a quick quote.

Why get boat insurance?

There are several reasons why you may want to consider getting boat insurance. These include:

• Having boat insurance can provide financial protection and peace of mind in the event of a claim
• In some cases, you’ll need to have boat insurance when crossing national borders in your boat
• Some marinas, harbours, and  UK inland waterways may require that you have third-party liability insurance as a minimum
• You may need boat insurance to be able to race or charter your boat
• If you want to finance your boat, you may need to have insurance to show the lender

Specialist boat insurance through Craftinsure

Now you know all about what boat insurance covers, you may want to protect your vessel.

At Craftinsure, we arrange policies that include £5m of third-party liability insurance and cover for theft and damage to your boat, so you have complete peace of mind. 

Get an instant online quote today to learn more about cover through Craftinsure.