How Much Does It Cost To Run A Boat?
9 August 2021
Choose between third party and comprehensive cover and sail overseas too
Get the best rates with Taylor Watkins including a no claims discount
Get insured in 24 hours and sailing the seven seas in no-time
Speedboat insurance is a policy that provides financial protection against various risks that speedboat owners may face, including damage to the boat, liability for accidents, and theft. Unlike more generic types of boat insurance, speedboat insurance specifically caters for the unique needs of speedboat owners.
Get a fast, accurate quote for speedboat insurance from Taylor Watkins. Our policies provide comprehensive and flexible cover for both local and offshore sailing.
Speedboat insurance policies typically cover common or expensive risks that speedboat owners may face, including:
No, in many states, speedboat insurance is not legally required. However, it can still be a sensible choice to protect your financial well-being in case of an accident or theft.
It can also be worth considering that if you are financing your boat, your lender may require you to have insurance. You may also need this insurance if you want to use your speedboat in state or federal parks.
On average, most people pay anywhere from a few hundred to a few thousand dollars per year for speedboat insurance. To get an accurate estimate of the cost of coverage for your specific situation, request a quote for free using our calculator.
The following factors will affect the cost of your speedboat insurance:
Depending on the provider, the process can take anywhere from a few days to a few weeks.
Once you have received a quote and selected a provider and a policy, the process of obtaining speedboat insurance involves submitting an application, providing information about your boat, and paying the premium.
The actual coverage under your policy may not begin until you have paid the premium and received confirmation from the insurance provider. Some providers may offer expedited processing for an additional fee, allowing you to get coverage immediately.
Before you apply for speedboat insurance, try to determine the type and amount of coverage you will need. Consider the following factors:
You will need to provide information about your boat including the make, model, year, length, and horsepower of the boat, as well as information about any safety features or modifications. Have this information at hand and start researching providers.
You can request a quote easily using our website for free, with no obligation to commit. If you decide to proceed with the insurance policy, you will need to review and accept the policy documents.
If you decide to accept the policy, you will typically need to make a payment to activate your coverage. The insurance provider will provide instructions for making the payment, which may include options for paying online or by phone.
After you have made your payment, the insurance provider will typically provide you with proof of insurance, which may be in the form of an insurance certificate or policy document. Be sure to keep this document in a safe place and bring it with you whenever you use your boat.
To find the best speedboat insurance policy for your needs, it is crucial to shop around and compare the whole market. Taylor Watkins compares rates and coverage options from the entire market, evaluating different insurance companies to find the best policy for your unique needs.
We provide fast, impartial quotes to give you the level of cover you require for your speedboat. Simply request a quote and we get you insured in 24 hours.