Progressive Boat Insurance: Is It Worth The Hype?

Progressive offers a range of boat insurance options, including liability coverage, comprehensive and collision coverage, and optional extras such as on-water towing and fishing equipment coverage. Their policies cover a wide range of watercraft, from powerboats to personal watercraft, and can be customized to meet specific needs. With affordable prices starting at $100 per year for a liability policy and various discounts available, Progressive's boat insurance is a good option for those looking to protect their watercraft and enjoy peace of mind while boating.

Progressive's insurance covers a wide range of boats, from powerboats to personal watercraft

Progressive's boat insurance covers a wide range of boats, from powerboats to personal watercraft. The company offers specialized insurance for powerboats, also known as motorboats, which can include anything from a runabout to a yacht. These boats are defined by their propulsion systems and are often used for watersports and fishing.

Progressive also provides insurance for personal watercraft (PWC), including Jet Skis, Sea-Doos, and WaveRunners. These craft are designed for one to three people and are perfect for solo or small group adventures.

In addition to these, Progressive covers a variety of other boats, such as sailboats, houseboats, bass and fishing boats, and pontoons. As long as your watercraft is valued at no more than $500,000 and is up to 50 feet long, Progressive will likely be able to insure it.

The company offers a range of standard and optional coverages, including liability coverage, comprehensive and collision insurance, on-water towing, and fishing equipment coverage. You can also add coverage for personal effects, such as cell phones, tablets, and cameras, for up to $10,000.

With Progressive's boat insurance, you can enjoy peace of mind while exploring waterways with your powerboat or personal watercraft, knowing that you're protected against damage, theft, and liability.

Comprehensive and collision coverage protect against unforeseen events and collisions, respectively

Comprehensive and collision coverage are two types of protection that can be added to a boat insurance policy. They are not separate types of insurance but are instead additional coverages. Comprehensive coverage protects your watercraft from unforeseen events outside of your control, such as vandalism, theft, severe weather, fires, explosions, hurricanes, lightning, and other weather-related issues. Collision coverage, on the other hand, protects your watercraft in the event of a collision with another boat or object, including docks and submerged objects. It also covers you if your boat capsizes.

Comprehensive and collision coverage can provide financial protection by helping to pay for repairs or replacement of your boat if it is damaged or destroyed in a covered incident, up to your policy's limits and after you pay your deductible. This can give you peace of mind and help you avoid the potentially high costs of repairing or replacing your boat out of pocket.

It is important to note that comprehensive and collision coverage are not required by state law. However, if you finance your boat or keep it at a marina, lenders or the marina may require you to have this coverage. If you own your boat outright, the decision to add comprehensive and collision coverage is optional and depends on factors such as the value of your boat, your personal preferences, and your financial situation.

Progressive offers comprehensive and collision coverage for boats, providing protection against unforeseen events and collisions, respectively. Their comprehensive coverage includes protection against theft, vandalism, fires, heavy winds, hurricanes, and other weather-related damage. Collision coverage with Progressive covers damage from accidents, such as colliding with a dock, another boat, or a submerged object. Progressive also offers additional coverages, such as on-water towing, fuel spill coverage, and wreckage removal, giving you a comprehensive suite of protections for your boat.

Liability coverage includes damage to docks, pilings, and other boats, as well as injuries to passengers and other boaters

Progressive's boat insurance policy includes liability coverage, which covers damage to docks, pilings, and other boats, as well as injuries to passengers and other boaters. This means that if you are found legally responsible for any damage or injuries while operating your boat, Progressive's insurance will cover the costs up to the limits of your policy. This includes scenarios such as colliding with a dock or another boat, or injuring a passenger on your boat.

Liability coverage is an important aspect of boat insurance as it provides financial protection in the event of an accident. While boating, it is easy to become distracted and accidentally make contact with another boat, watercraft, or structure. With property damage liability coverage, your insurance company will pay for the damages caused to another person's property, such as their dock or boat. This coverage is essential for protecting yourself from costly repairs or replacements.

In addition to property damage, liability coverage also includes bodily injury liability. This means that if someone is injured as a result of an accident where you are at fault, Progressive's insurance will cover the costs associated with their injuries, including medical bills, rehabilitation, and hospital stays. This coverage extends to injuries sustained by water skiers or swimmers near your boat.

Progressive's liability coverage also includes medical payments coverage, which can pay for injuries sustained by you or your passengers in a boating accident, regardless of who is at fault. This coverage can be especially useful if you have high health insurance deductibles or if your health insurance does not cover boating accidents. With medical payments coverage, you can ensure that you and your passengers receive the necessary medical care without incurring high out-of-pocket expenses.

Overall, Progressive's boat insurance policy, which includes liability coverage, provides comprehensive protection for boat owners. By insuring your boat with Progressive, you can enjoy peace of mind knowing that you are financially protected in the event of an accident or injury while boating. This insurance policy allows you to focus on enjoying your time on the water, rather than worrying about potential costs associated with damages or injuries.

Optional coverages include on-water towing, mechanical breakdown, and water sports coverage

Progressive boat insurance offers a range of optional coverages, including on-water towing, mechanical breakdown coverage, and water sports coverage. These additional coverages provide extra protection and peace of mind for boat owners.

On-water towing, also known as Sign & Glide® coverage, assists boaters in the event of a breakdown on the water. For $30/year ($50/year in Florida), this service provides unlimited tows with no deductible. If your boat is disabled, you can call the dispatch center or use the Sign & Glide app to request assistance. The service covers on-water towing, jump starts, fuel delivery, disentanglements, and soft ungrounding assistance. Progressive will arrange and pay for the necessary services, ensuring a stress-free experience for boaters.

Mechanical breakdown coverage, or Propulsion Plus, is an optional add-on to Progressive's boat insurance policy. It covers the repair or replacement of the lower unit of an outboard motor or the upper and lower units of an inboard/outboard motor in the event of a mechanical breakdown, even if it's due to wear and tear. This coverage is especially useful for older boats, as it provides protection beyond the standard manufacturer's warranty.

Water sports coverage is crucial for individuals and businesses involved in water sports activities. It provides protection in the event of accidents, incidents, or lawsuits. Water sports insurance can cover a range of activities, including wakeboarding, wake surfing, kayaking, and rafting. It is essential for water sports businesses to understand the risks and ensure they have adequate coverage.

By offering these optional coverages, Progressive boat insurance provides comprehensive protection for boat owners, ensuring they can enjoy their time on the water with added peace of mind. These coverages are designed to address specific concerns and provide specialized assistance, enhancing the overall boating experience.

Boat insurance is not required in all states, but lenders and marinas may mandate it

Boat insurance can provide financial protection if you're liable for injuries or damages caused to others while boating. It can also cover damage to your watercraft and, in some cases, your trailer if it gets stolen or damaged. You can select and purchase additional coverages, such as on-water towing or mechanical breakdown coverage, for even more protection.

Boat insurance is designed to safeguard your watercraft against damage and theft, whether it's in or out of the water. Boat liability coverage also protects you if you cause damage or injuries while boating. This coverage extends to damage caused to docks, pilings, and other boats, as well as injuries to passengers and other boaters. It also typically includes coverage for passengers involved in watersports like tubing, wakeboarding, and waterskiing.

In addition to the financial protection offered by boat insurance, it's important to consider your risk tolerance and the potential risks associated with operating a boat. Boats are often significant investments, and the cost of repairs or accidents can be high. A good insurance policy can provide peace of mind and help offset these costs.

Before purchasing boat insurance, it's recommended to research your options and speak with multiple insurance brokers or agencies to find the coverage that best suits your needs. It's also worth noting that completing a boater safety course may lower the cost of your policy.

Frequently asked questions