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Boat Insurance

If you’re looking to relax and cruise the water or spend a day fishing, we offer several coverage options to make sure you and your boat are properly insured and protected.

Here are some Insurance Coverages to consider when purchasing a Watercraft policy:

  • Navigational Area - Some insurance companies offer protection that covers you in oceans, lakes, bays, rivers etc. Be sure to know where you are covered in the water.
  • Agreed Value Coverage - Actual cash value policy means if your boat is a total loss you will only get the value you insured it for, minus any deductible. This could make it difficult to replace your boat with a similar vessel.
  • Liability - Personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as their medical care, lost wages, and other costs incurred as a result of a boating accident for which you are at-fault.
  • Medical Payments - Medical payments coverage will pay for the medical bills/needs as a result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, as well as your water skiers, regardless of who is at-fault.
  • Physical Damage Coverage - Physical damage coverage will cover the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer if it is stolen or damaged.
  • Uninsured/Underinsured Watercraft Bodily Injury - Unfortunately boat insurance is not always mandatory so many boaters choose not to get insurance. Should you be hit by an uninsured or underinsured boater and you are injured, Uninsured/Underinsured coverage will pay for medical expenses, lost wages, and other costs due to the accident.
  • Fuel Spill Liability and Wreckage Removal - If your boat sinks or is seriously damaged and by some chance it leaks oil or fuel into the water fuel spill liability and wreckage removal will apply. You as the boat owner are required by law to have this cleaned up, which can be costly.
  • Personal Effects - The policy can provide coverage for many personal effects, including clothing, cell phones, computers and fishing gear to name a few. There are some exceptions which we can go over with you.
  • Unattached Equipment Coverage – is available to cover repairs or replace equipment that is not permanently attached to your boat however it is designed solely to be used on a boat. Included items are lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.
  • Emergency Assistance - Emergency Assistance Coverage provides coverage for towing, labor and delivery of gas, oil or a loaned battery should your boat be disabled out on the water.

Let one of our knowledgeable agents at Multy Cover Corp. / Parrinelli Insurance Agency help provide you with the proper coverage and policy you require for your Watercraft. We can be reached at 631-588-8888 or email us at Insure@multycover.net we’re here to help.


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