two people riding a jet ski in water

What Types of Boats or Watercrafts Can I Insure?

Vehicles and insurance go hand in hand. It does not matter whether it is a car, boat, van, plane, or something else. This is why it is critical to take out watercraft insurance before you even begin using any sort of marine vehicle! In this post, we are going to look at travelling via boat specifically. Read on to discover more about the different types of boats you can insure.

It’s important to know that you can insure every type of boat. It does not matter whether it is a small sailing boat or you have a mega yacht. However, while you can insure all types of boats, they require different types of insurance plans. Insuring a yacht that is worth millions of dollars is different from insuring a small boat that is only worth a few thousand.

What is Watercraft Insurance?

Before we take a look at the different types of boats that you can own and insure, it is important to understand what watercraft insurance is. Watercraft insurance is an umbrella term that is used to describe three types of insurance: personal watercraft insurance, yacht insurance, and boat insurance. These sorts of plans are designed to provide protection against damage to vessels that are powered by a motor that has a minimum horsepower of 25 miles per hour.

What Type of Boats Can People Own and Insure

Now that you know what watercraft insurance is, let’s take a look at the different types of boats that people are able to insure so that you can get a better understanding of the different options that are available to you.

  • Walkarounds

    • Cruising, weekending, and fishing can all be in the mix if you opt for a walkaround boat.
  • Trawlers

    • A trawler is perfect for those situations whereby half of the adventure is actually getting there!
  • Sportfishing Yachts

    • You will struggle to find a fishing challenge that is more intense than being on the hunt for big-game sports fish. To do this, you are going to need the right boat, and that is where a sportfishing yacht comes into play.
  • Wake Boats

    • Also known as ski boats, if you are a fan of watersports, this boat is designed for the likes of surfing, waking, and water skiing.
  • Sailboats

    • You can also insure a sailboat, which is designed to perfectly harness the power of the wind while at sea.
  • Pontoon Boats

    • A modern pontoon boat is a lot more than those party barges that you may envision! The options are limitless these days.
  • Personal Watercrafts

    • Also referred to as PWCs, a personal watercraft is designed to give you a big adrenaline rush!
  • Multi-Hull Powerboats

    • A multi-hull powerboat is suitable if you are a boater who believes two hulls are better than one.
  • Power Cruisers

    • You will also be able to get watercraft insurance for power cruisers and motor yachts. If you want a boat that delivers a good slice of luxury, this is certainly an option to consider.
  • Jet Boats

    • Without a propeller and very sporty in appearance, there is a lot to like about going on a jet boat.
  • High-Performance Boats

    • If you are someone who very much has a need for speed, a high-performance boat could be your perfect companion. However, you are definitely going to need to insure it for your full peace of mind every time you take it out for a spin.
  • Fish and Ski

    • If you are an angler who loves watersports as well, like wakeboarding and skiing, this sort of boat will give you the best of both worlds, ensuring you can live the lifestyle you have always wanted.
  • Deck Boats

    • With interior seating and volume maximized, these boats are designed to give you luxury and elegant living while at sea. There is plenty of space for a big deck crew as well.
  • Cuddy Cabins

    • If you have never heard of a cuddy cabin boat before, this style of boat has been designed so that you can make the most of the sunshine and open-air while ensuring you still have plenty of shelter whenever needed. After all, we cannot always rely on the weather!
  • Center Consoles

    • Center consoles are very popular with saltwater anglers thanks to the flexibility that they provide.
  • Cabin Cruisers

    • If you want a luxury cabin that enables you to explore the ocean in style, this is a good option to consider.
  • Bowriders

    • You can enjoy trips to the beach with your family, watersports, and joy rides with your loved ones if you have a bowrider. However, like all the other boats mentioned, insurance really is a must.
  • Bay Boats

    • Fly anglers and light tackle anglers who are perfecting their craft may want to consider investing in a bay boat to help them do so. These boats are also referred to as flats boats.
  • Bass Boats

    • These boats are highly specialized for fishing, giving you the best possibility of catching large bass fish.
  • Aluminum Fishing Boats

    • We have mentioned a number of different fishing boats so far, and this is another one for all you fishing aficionados. Aluminum is considered a good choice because it is rugged, easy to transport, and lightweight too.
  • All-Purpose Fishing Boats

    • Last but not least, we have all-purpose fishing boats, which are made for those who like to try out all different types and styles of fishing.

Get the Watercraft Insurance You Need Today

So there you have it: an insight into the different types of boats that you can purchase and insure. We hope that this has helped to give you a better understanding of the various options that are available to you!

No matter what sort of boat you have, it is critical to insure it properly, and that is why working with an expert insurance provider is vital. Simply contact John B Wright today to get a quote! We offer a wide range of insurance options, from personal insurance to umbrella plans, so we can make sure all of your needs are covered.