Watercraft Insurance

Whether you own a pontoon boat or powerboat, a small boat or luxury yacht—or something in between—Prizm’s carriers offer comprehensive Watercraft insurance designed with you and your vessel’s unique needs in mind.

Boating is a lifestyle, and we know when you’re out on the water, you’re where you belong. That’s why Prizm works with carriers that offer the most comprehensive coverage in the market so your time on the water can be stress free.

Coverage Highlights

Agreed Value:  In the event of a covered total loss to your watercraft, our carriers will pay the hull coverage amount listed on your policy without applying your standard deductible.

Replacement Cost:  
For most covered partial losses, our carriers will pay to repair your vessel without deducting for depreciation.

Personal Effects:  
Your policy protects more than just your vessel. If your personal property or fishing equipment is damaged or stolen, our carriers will pay to replace it, up to the agreed upon limit.

Emergency Towing and Assistance:  
If your vessel becomes disabled, our carriers will pay the towing and emergency assistance costs without application of a deductible.

Overland Transportation:
 If your vessel is damaged while being transported on your trailer, during hauling, dry-docking, or while undergoing maintenance at a marina, our carriers will pay to repair the damages up to the applicable limit on your policy.

Coverage for tenders is automatically included up to the limit stated on your policy and can be tailored to your specific needs.

Temporary Substitute Watercraft:
Coverage is provided if an insured watercraft is out of use due to a covered loss and not available for at least 14 days from the date of loss.

Broad Navigational Limits:  
Whether navigating close to home or far away, our carriers offer coverage for a wide variety of cruising itineraries in domestic and international waters.

Precautionary Measures:
Our carriers will reimburse haul-out and storage expenses that you incur to protect your vessel, up to the limit stated on your policy, in the event of a windstorm, tidal surge or fire.

Liability Protection:
If a lawsuit is brought against you or you are held liable by a third party as a result of an incident involving your vessel, your policy will protect you. Carrier policies can provide coverage for legal defense costs, damages, pollution clean-up and containment, wreck removal and Jones Act coverage for paid crew.

Search & Rescue:  
If you or one of your passengers is lost at sea, our carriers will cover up to the limit stated on your policy for reasonable expenses incurred from a government entity for any search and rescue operations.

Marina as an Additional Insured:  
The marina or yacht club where your vessel is docked, moored or stored is included on your policy as an additional insured.

Medical Payments:
If one of your passengers is injured aboard your vessel, our carriers will cover reasonable medical and related expenses up to the limit stated on your policy, without the need to prove liability.

Uninsured Boater:  
Your policy includes coverage for bodily injury experienced by passengers on your vessel who are injured by an uninsured vessel.

Occasional Charter:
Coverage for occasional charter is available by endorsement and includes Loss of Charter Hire income.

Contact Us

Want to chat before you start the process?
Call us at (872) 298-2779 or use the form below to send us an email

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