Boat Insurance in Maryland

Boating is a popular pastime on Maryland’s extensive coastline and waterways. But before you set sail, it’s essential to understand your boat insurance options.  

Boat insurance is a type of coverage that may help cover costs associated with damage to your boat or liability issues that could arise from its use. This coverage is not mandatory in Maryland but may help provide essential protection. Here are a few reasons why you might consider getting boat insurance: 

• Physical damage protection—If your boat is damaged or stolen, boat insurance may help cover repair or replacement costs. 
• Liability coverage—If you’re involved in an accident and found at fault, boat insurance may help cover the costs associated with injury to others or damage to their property. 
• Peace of mind—Knowing that you’re covered in case of unexpected incidents can make your boating experience more enjoyable. 
• Marina and lender requirements—If you finance or lease your boat or use a marina, you may be subject to specific insurance requirements.  

Boat insurance is highly customizable. In addition to liability and physical damage coverage, your agent may recommend the following boat insurance policies and endorsements:  

• Personal property coverage 
• Uninsured/underinsured boater insurance 
• Medical payments 
• Towing and assistance 
• Fuel spill coverage 
• Wreckage removal 
• Water sports coverage 
• Total loss replacement 
• Mechanical breakdown coverage 

Factors Influencing Boat Insurance Costs 

Several factors can influence the cost of boat insurance in Maryland: 

• Type and size of the boat—Larger, faster boats typically cost more to insure. 

• Usage—If you use your boat frequently or in risky areas, your insurance costs may be higher. 
• Safety measures—Having safety equipment on board and taking boating safety courses can potentially lower your insurance costs. 
• Your chosen coverage—Adding physical damage coverage to your policy typically results in higher premiums.  
• Your claims history—If you’ve made boat insurance claims in the past, the insurer may see you as a higher-risk boat owner, resulting in higher premiums.  

Finding the Right Boat Insurance 

When looking for boat insurance, shop around and compare quotes from different insurance companies. Don’t just look at the cost—also consider the coverage options and the insurance company’s reputation. 

If you’re in Fruitland, Maryland, contact Mann & Gray Insurance. They can provide a personalized boat insurance quote and help you understand your coverage options. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.