Skip to content
Boat & Watercraft InsuranceSpecialized insurance for your
boat. And coverage for towing
and assistance so you'll never
be stranded on the water or
the side of the road.
Learn more

Boat Insurance With More Options

Boating enthusiasts know how important it is to have insurance coverage beyond the standards offered by many companies, or by a rider on a homeowners policy. In fact, many people think their boat is completely covered under their home policy until they have a loss.

If you own a power boat, fishing boat, pontoon boat, small sailboat, an older or lower-valued boat or other vessels 40 feet and less in length, you should look for boat insurance with specialized coverages that aren't always available in many of the other policies. Check out images and descriptions of different boats we cover.

Contact a Farmers agent today to get a customized Boat insurance quote.

Types of specialized Boat insurance coverage

You can choose from a wide range of coverage to get the policy you want for your specific situation.

Available coverage
  • Physical Damage
  • Increased limits on Liability
  • Medical Payments
  • Uninsured Watercraft
  • Total Loss Replacement Option
  • Personal Property
  • Towing and Assistance
  • Trailer Coverage
  • Wreck Removal
  • Pollution Coverage
  • High Liability limits
Optional coverage
  • Towing and Assistance - for the boat and trailer
  • Replacement Cost for personal property
  • Replacement Cost Coverage on trailer

Ways to keep money in your wallet

  • Multi-Unit Discount - Receive a discount when you insure more than one boat.
  • Renewal Discount - Save for maintaining continuous coverage.
  • Multi-Policy Discount - Purchase more than one Farmers policy.
  • Take a pre-approved boat safety course.
  • Equip your boat with approved boat safety equipment.

Settlement Methods

For extra coverage on the water, a Farmers policy offers a variety of options such as:

  • Agreed Value Hull coverage

    Farmers will cover your boat for an agreed amount. That means we will pay the amount of insurance if you have a total loss. This gives you an added measure of protection.

  • Optional Actual Cash Value Hull coverage

    If you'd prefer a 10% reduction in your hull premium, Farmers can settle losses on an actual cash value basis. You choose the coverage you want and the premium option that works for you.

  • Total Loss Settlement endorsement

    Will pay up to 20% more than the amount of insurance to replace a covered watercraft. The endorsement must be added to the policy no later than one year after the watercraft's model year. Eligibility continues during the five years following the model year, provided it is successively renewed with the policy. 

A Farmers agent can help you choose the appropriate coverage for your boat and let you know about all available boat insurance discounts.

This brief summary is not a policy document. Please read the actual policy documents for your state for important details on coverages, exclusions, limits, conditions and terms. If there is any conflict between this summary and the policy documents, the policy documents will control. Not all products and discounts are available in every state.