Standard Coverages For Boats
Nonowned Watercraft
If you cause bodily injury or property damage while operating a boat other than your own (e.g. a friend's boat with their permission), this coverage extends liability coverage to the boat owner.
Removal of Wreck
If your boat is wrecked, this coverage pays for the expenses to have it removed or destroyed.
Damage to Property of Others
This coverage helps you pay for damages to someone else's personal property if the damage occurs on your boat.
Physical Damage
This coverage pays for repairs to your boat if direct damage occurs from a common cause of loss like bad weather, fire, theft, vandalism, or a collision.
Medical Payments
This coverage pays for medical-related costs that result from someone being injured on your boat. Specific coverages depend on your policy and the type of boat you insure.
Additional Coverages For Boats
Liability
This coverage will pay for bodily injury and property damages resulting from ownership, maintenance, or use of an insured boat.
Emergency Assistance & Travel
This coverage pays for emergency assistance and travel if your boat is damaged or breaks down while you're on the water or towing to your destination. Specific coverages depend on your policy and the type of boat you insure.
Depreciation Buster
This coverage eliminates depreciation on repairs to engines and drives for boats aged 8 to 20 years.
Standard Coverages for Yachts
Physical Damage
This coverage pays for repairs to your boat if direct damage occurs from a common cause of loss like bad weather, fire, theft, vandalism, or a collision.
Removed Equipment
This coverage pays to replace or repair equipment that has been removed from the yacht and stored during the lay-up period.
Trailer
This coverage helps you pay for damages to the trailer you use to transport your boat.
Emergency Assistance & Travel
This coverage pays for emergency assistance and travel if your boat is damaged or breaks down while you're on the water or towing to your destination.
Salvage
If your boat is severely damaged by a covered peril and you attempt to save it, this coverage helps you pay for part of the repair costs.
Liability
This coverage will pay for bodily injury and property damages resulting from ownership, maintenance, or use of an insured boat.
Accidental Death Indemnity Expense Coverage
If someone accidentally dies while boating, this coverage provides financial support to the family of the deceased.
Additional Coverages for Yachts
Medical Payments
This coverage pays for medical-related costs that result from someone being injured on your boat. Specific coverages depend on your policy and the type of boat you insure.
Uninsured Boater
This coverage pays for bodily injury that occurs on your boat but is caused by the owner or operator of an uninsured boat.
Depreciation Buster
This coverage eliminates depreciation on repairs to engines and drives for boats aged 8 to 20 years.
Standard Coverages For Personal Watercrafts
Physical Damage
This coverage pays for repairs to your boat if direct damage occurs from a common cause of loss like bad weather, fire, theft, vandalism, or a collision.
Liability
This coverage will pay for bodily injury and property damages resulting from ownership, maintenance, or use of an insured boat.
Medical Payments
This coverage pays for medical-related costs that result from someone being injured on your boat. Specific coverages depend on your policy and the type of boat you insure.
Additional Coverages for Personal Watercrafts
Accessories & Personal Effects
This coverage helps you pay to replace items that are designed to be used on your personal watercraft, like a fender (does not include money, valuable papers, or jewelry).
Trailer
This coverage helps you pay for damages to the trailer you use to transport your boat.
Uninsured Boater
This coverage pays for bodily injury that occurs on your boat but is caused by the owner or operator of an uninsured boat.
File a Claim
When the unexpected happens, Fremont Insurance is by your side to help you reclaim whatever you lost. We’re committed to ensuring a smooth claims experience by keeping you informed every step of the way.
Charter Programs
Fremont Insurance has developed special programs for Great Lake Charters and River Guides. The insurance policies are endorsed to extend the coverages to make certain you are protected while traveling and entertaining clients. Ask a Fremont Insurance agent about our charter programs for more information.
Frequently Asked Questions
Can I apply more than one boat on the same policy?
Yes, you may include several boats on one policy and customize the coverage for each as needed.
Is my boat protected outside of Michigan?
Yes, your boat is protected anywhere in U.S. or Canada, including coastal waters (as long as you’re 15 miles from the coast)
What kind of boats and yachts are eligible for coverage?
Eligible boats are 32 feet or less in length and $150,000 or less in value. Eligible yachts are 28 feet or more in length, with a minimum value of $35,000. They can be either power or sail.