Boat and Personal Watercraft in Alaska
From a fishing boat to a jet ski, we'll help you find a boat insurance policy that fits it perfectly. Just like with auto insurance, we make the process simple and affordable, and don't forget to ask about bundling discounts!
Boat Insurance Options
As an independent agency, we shop your boat insurance across multiple carriers to find the best fit. That means access to specialized coverage like On-Water Towing, Total Loss Replacement, Roadside Assistance, and more.
Ask for a Boat Insurance Quote Today!
One of our agents will take the time to understand your coverage needs and sort through the available options, so you land on the best fit for your budget.
From personal watercraft to sailboats to fishing vessels, we can insure just about anything that floats. Ask your Alaska Service Agency agent for a quote today!
Looking for Motorcycle Insurance? We sell that too!
We'll work hard to make sure you're properly covered out on the water. Give us a call at (907) 337-2311 to get a quote started, and here are a few things worth keeping in mind as you shop for boat insurance in Alaska.
- Navigational Area: Many companies offer protection that covers you up to 75 miles from the U.S. coastline, into Canadian coastal or inland waters and into the Pacific coastal waters of Mexico. Some companies offer additional options for further navigation. Inquire today!
- Agreed Value Coverage: Boat and personal watercraft depreciate over time; it's a fact. Having your watercraft insured at actual cash value can make it difficult to replace a boat that's been stolen or destroyed. Agreed value coverage means that if your boat is a total loss you will get the value you insured it for, minus your deductible. Don't depend on a homeowner's policy to insure a boat. Ask an agent about a specialized boat policy for your boat.
- Liability: Personal liability coverage provides coverage to you for damaging other boaters if you're found to be at fault for an accident on the water. This coverage pays to repair or replace their property as well as any medical care, lost wages and other costs resulting from the accident.
- Medical Payments: Medical payments coverage will cover your or your passenger's medical bills as a result of an accident on the water. The coverage limits vary and covers you, your passengers and even your water skiers/tubers while being pulled behind your boat, regardless of fault.
- Physical Damage Coverage: Physical damage coverage is available and pays to repair or replace your watercraft, its motor, any permanently attached equipment and your trailer, if it is damaged during a covered loss or stolen.
- Uninsured/Underinsured Watercraft Bodily Injury: Many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater and you are injured, this type of coverage pays for medical treatment, lost wages and other costs. Ask an agent today about UM/UMBI coverage for your boat today!
- Fuel Spill Liability and Wreckage Removal: In the very unfortunate event that your boat should sink or be damaged on the water, there is a possibility of a fuel leak. As the boat's owner you are liable to clean this fuel up, which can be very time consuming and expensive. Ensure that your boat policy covers you for fuel spill liability and wreckage removal.
- Personal Effects: Your watercraft policy can provide coverage for many personal effects such as clothes, cell phones and fishing equipment that are on your boat. Make sure you're properly insured on the water by talking to one of our qualified insurance agents today.
- Emergency Assistance: The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.
There's more coverage available beyond what's listed here. Talk to an Alaska Service Agency agent, and we'll walk through all your options so you can make an informed decision.
Keeping Boat Insurance Afloat in the Off Season
Boating season is over and your boat is out of the water, so canceling your insurance to save a few bucks seems harmless, right? Not so fast, according to Progressive.
"You'd be shocked at the number of claims filed in colder months," says Dominic Mediate of Progressive. "Nearly two out of every 10 Progressive boat claims filed in northern states happen between Labor Day and Memorial Day."
Off-season claims happen more often than you'd think. Here are a couple of the most common:
Fire, Theft, Vandalism and Flooding: These are the most common reasons for off-season claims, and they can happen any time of year. Without coverage, your boat has no protection against them.
Injuries on or Around Your Boat: Many boaters don't realize they can be held responsible for injuries that happen on or near their boat, even if the person wasn't supposed to be there. Without liability coverage, you could be on the hook for damages or medical bills.
Keeping your policy active year-round can save you money too. Some carriers, like Progressive, lower your Comprehensive and Collision deductible with every claim-free period; go four periods without a claim, and your deductible could drop to zero.
Cancel and restart your policy, though, and you could be back to paying the full deductible, usually $500 to $1,000.
Before you make any changes, check your policy details and talk it through with your independent insurance agent.
Frequently Asked Questions about Boat Insurance
What is the average boat insurance cost?
Never guess what an insurance policy might cost. The average cost to insure a boat depends on the type of boat you want to insure and how much coverage you need. Additionally, your credit and loss history can factor into the price. The best way to get an accurate quote is to reach out to us for a quote. Quotes take just a few minutes and we can run you through several great companies.
Does boat insurance cover mechanical issues?
No, boat insurance will not cover mechanical issues such as a blown motor. However, if the mechanical issue is a result of a covered loss such as a collision with another boat then there likely would be coverage for the mechanical failure that resulted from the covered loss. *All coverage situations are subject to claims verification and no information here is suggesting coverage would exist.
Is boat insurance required?
Some states do not require boat insurance, but if you are operating a boat in open waters without it, you're putting yourself at financial risk. If you have a loan on your boat or if you moored your boat in a marina, then the lienholder or marina may require you to carry insurance.
