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Watercraft Insurance for You & Your Family

With the Pacific Ocean as our backyard and an easy drive to various lakes throughout California, boating is a popular pastime for residents here. Whether you enjoy fishing, cruising, sailing, or jet skiing, you want to ensure you, your family, guests, and the boat itself is well protected on and off the water. We provide comprehensive Watercraft insurance solutions at ISU-The Olson Duncan Agency that are tailored to your personal risks.

Customized Coverage Available

Just as there are various types of boats/watercraft, there are also several different types of Watercraft insurance coverages available, including:

  • Hull insurance: Covers damage to your boat and any damage your boat causes to the property of others. This includes the cost of boat repairs. If a total loss occurs, Hull insurance will pay the agreed value of the boat.
  • Third-Party Liability insurance: Covers damage your boat causes to the property of others. It will also cover any incidental damage caused such as liability stemming from fuel spills, towing, medical expenses and any rescue operations necessary. Your marina may require you to carry a third-party marine liability policy.
  • All Risk Policies: Typically covers any risk that is not specifically excluded in the Boat insurance policy such as ice damage, freezing, pollution liability, reef damage liability, and mechanical breakdown.
  • Actual Cash Value or Agreed Value: Refers to the boat policy package type and whether it will pay the actual cash value of your boat or an agreed value predetermined when you buy your policy. An actual cash value may cost you less but an agreed value policy will secure the amount you can receive for your boat if a total loss occurs regardless of the depreciation, although in some cases partial losses may be depreciated.
  • Yacht Insurance: Covers vessels 27’ or larger. A special policy is needed because these larger vessels typically have more exposure than a smaller “boat”.
  • Boat Club: Covers all the members of a boat club when operating a vessel for property damage and liability.

We will discuss what coverages you need depending on your specific needs.

Our Value

At ISU-The Olson Duncan Agency, we look to provide clients with a total solution, not simply a quote or an insurance contract. Our goal is to provide real value and build a long-term relationship based on trust. This is underscored by the fact that we provide our clients with their risk management and insurance solutions, including property & casualty, employee benefits and personal insurance. To find out more about how we can help you, call us at (310) 373-6441.