At Progressive we insure bass boats, sailboats, pontoon, powerboats and pretty much all other watercraft up to $350k in value and 50 feet long. See the common types of boats we insure and our coverage limitations. If you have a unique situation, just give us a call, and we’ll do what we can to cover you.
Boat insurance coverage that’s easy to get and easy to love
The actual protection you get is a big reason why we’re one of the leading boat insurance companies. These are just a few of our coverage’s.
Coverage for mechanical breakdowns
You’ve probably heard that insurance never covers common wear and tear or mechanical breakdowns. Think again becauseProgressive boat insurance does. We’ll repair or replace the lower unit of an outboard motor, or upper & lower units of an inboard/outboard motor if you have a mechanical breakdown—even if it’s caused by wear and tear.
Towing on the water
We’ll pay for towing, fuel delivery, soft ungroundings and jump starts if your boat breaks down on the water. All you have to do is call our dispatch center (number included on your policy card). Progressive even arranges for the tow and pays the tow operator directly (in most cases).
Total loss replacement for a brand new boat
You can purchase this coverage if your boat is no more than one model year old. If it’s totaled within 5 model years, we’ll either buy you a new one or give you the amount you originally paid for your totaled boat—your choice. If you’re outside the 5-year window, we’ll give you the original purchase price you paid. No depreciation. No estimations. Just extra cash for you.
For example, let’s say you bought a brand new boat three years ago for $15,000, but that boat is now only worth $10,000. If you have a total loss, other insurers might just try to give you $10,000 and say that’s what your boat is worth. But a new boat will cost you $15,000+. So we’ll spend the full $15,000+. That’s a real $5,000 difference you get with us!!
- Call today for your quote and start saving!!