Sailboat Insurance

Coverage for sailing vessels of all sizes.

Typical cost: $300 – $2,000+ per year

Sailboat Insurance

Sailboat insurance covers vessels propelled primarily by wind, from small day-sailors to offshore cruising yachts. Coverage considerations include navigation area, whether you live aboard, racing participation, and charter use.

Agreed Value vs. Actual Cash Value

Most sailboat policies offer agreed value coverage—you and the insurer agree on the boat's value upfront. If totaled, you receive the agreed amount. This is preferable to actual cash value, which deducts depreciation.

What's covered

Hull Coverage

Covers physical damage to the sailboat structure and equipment.

Liability Coverage

Protects against injuries and damage you cause to others.

Equipment Coverage

Covers sails, rigging, electronics, and onboard equipment.

Medical Payments

Covers medical costs for you and passengers.

Uninsured Boater

Protection from uninsured boat operators.

Tips

  • Get agreed value coverage rather than actual cash value
  • Specify your exact navigation area—restrictions reduce premiums
  • Disclose liveaboard status if you sleep aboard regularly
  • Racing requires additional coverage in most policies
  • Complete a sailing safety course for discounts

Other boat insurance types

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