Boat Insurance

Why Do You Need Boat Insurance?

boat parked at a marinaIf there's an accident while you're out on the water, boat insurance coverage could help cover you, your passengers and your watercraft. You may think that your homeowner's insurance policy will cover these items, but most policies consist of limited coverage and are not designed to offer you that type of protection.

Some banks, marinas or states may require you to have boat insurance. Some banks will want you to get boat insurance as a requirement to get a loan. Marinas may want you to get boat insurance before they will let you use a slip. Some states require boat insurance too.

We can offer coverage for bass boats, houseboats, pontoons, powerboats, ski boats, sailboats and inboard and outboard motorboats. Coverage is also available for other personal watercraft such as jet skis, wave runners and wave jammers.

Types of Coverage

Consequential Coverage

Consequential coverage can cover loss on your boat as a result of wear and tear, not just from an accident.

Mechanical Breakdowns

Mechanical breakdown coverage can help with costs related to repair or replacement of a lower unit on an outboard motor or upper and lower units on inboard / outboard motors if you have a mechanical breakdown.

Specialized Coverage

Specialized coverage can cover some specific items on your boat like an expensive prop or navigation equipment.


Salvage coverage can pay to remove your boat due to damage, whether it be substantial or minor.


Towing coverage can help with costs related to towing, fuel delivery, soft ungroundings and jump starts if your boat breaks down on the water. Coverage may also arrange for the tow and pays the tow operator directly.

Total Loss Replacement for a New Boat

Total loss replacement for a new boat may either buy you a new boat or give you the purchase price you originally paid for the totaled boat, depending on the policy you have.

Additional Coverage

Depending on the policy you select, you may be able to add more coverage options for medical payments, personal effects and uninsured boaters liability. Many policies will cover items like anchors, oars, trolling motors, tools, seat cushions, and life jackets.


  • "I have been a customer of Farley Insurance since 1982. When I've had a claim they have been great to work with. They go to bat for me every year for the best rates which keeps me coming back. Very appreciative of Kent and his staff."

    — Penny

  • "My family has been with Farley Insurance Agency for 28 years. We enjoy their professional service they provide for our everyday needs as well as at claim time. Our claims have always been paid in a timely manner and their staff is very knowledgeable and helpful. They are truly 'only a call away'!"

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  • "Tim Farley has been our agent for several years and we have been happy with his service and find him and his staff very helpful."

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  • "Farley Insurance Agency has been provides the business insurance for the City of Newton. Their product knowledge is outstanding and their experience is always helpful."

    — Mark