Boat Insurance FAQs

When watercraft owners turn to our team for guidance on protecting their boats at M8 Insurance in Salt Lake City, UT, they don’t always have complicated questions that need complex answers. Sometimes, they’re most interested in basic information that can help them decide if boat insurance is necessary or helpful for their needs. While we can’t provide exhaustive answers to every single question you may have about boat insurance, we’re more than happy to lay some frequently asked questions to rest. Since boat insurance policies all have their own limits and terms to consider, you’ll want to consult with one of the qualified insurance professionals on our team for more specific questions.

What Is Boat Insurance?

Boat insurance is made to cover watercraft such as yachts, rowboats, sailboats, and motorboats. Some other recreational watercraft, such as jet skis, may be covered under some watercraft insurance policies. While terms differ between boat insurance policies, most boat insurance provides a combination of liability and other types of coverage. Additionally, some boat insurance policies may help boat owners cover upgrades if that is included in the boat insurance policy.

Does Watercraft Insurance Replace Stolen Boats?

As long as you got your boat insurance policy before it was stolen and your specific policy provides that kind of coverage, you may be able to use your boat insurance to help cover the costs of replacing a stolen boat. For this reason, we recommend getting boat insurance sooner rather than later. You never know what could happen to a boat, so it’s best to be prepared. Otherwise, you may find yourself grieving and financially struggling to replace your beloved watercraft.

Call our team at M8 Insurance in Salt Lake City, UT for all your boat and watercraft insurance needs!