Buying a boat opens the door to years of summers spent on the water, but it also exposes you to a variety of risks. Unexpected bad weather, reckless behavior by other boaters, or submerged hazards can easily cause thousands of dollars in damage. Fortunately, a well-crafted boat insurance policy provides protection against most common perils, safeguarding your favorite investment and your financial future.

A Guide to Boat Insurance

1. Collision Damage

If you’re hit by another boater or run across submerged rocks or logs, your insurance policy will cover the cost of repairing or replacing the boat. This includes damage to the hull, as well as engine problems and other mechanical issues caused by the collision.

However, some costs or types of accidents may be excluded, so read the insurance policy closely before signing. Many boat insurance policies won’t pay the costs associated with cleaning up wreckage unless you purchase supplemental coverage.

2. Liability Protection

boat insuranceEven the most attentive boat owners can make a simple mistake that could result in damage or injury to someone else. Most boat insurance policies include liability protection that covers these costs and provides a shield against lawsuits. Your insurer will also cover attorney fees and other costs associated with defending yourself during a lawsuit.

3. Comprehensive Coverage

Boats are vulnerable to a variety of threats when they aren’t on the water. Comprehensive coverage protects against theft, storm damage, animal activity, and a wide range of other perils.

When choosing an insurance policy, find out whether the product you’re considering covers items and equipment inside the vessel. If not, you may need to purchase additional riders to fully protect valuable items, like GPS devices or fishing equipment.


For over a century, the agents at Reed Brothers Insurance have been helping families throughout Lexington, KY, protect their most valuable assets. This insurance agency works with a variety of industry-leading carriers and has the expertise to help customers select a policy tailored to their unique situations. Visit them online to request a free boat insurance quote, or call (859) 253-2728 to speak with a friendly team member about your coverage options.