BoatUS Insurance Company Review

Friends dangling legs over yacht deck. Getty Images/Colin Anderson

Company Overview

BoatUS insurance is provided by the Boat Owners Association of the United States. It insures over $8 billion in recreational boat insurance across the United States. The policies are underwritten by the National Liability & Fire Insurance Company. BoatUS recently celebrated its 50th anniversary. The company website states that along with its commitment to protecting boaters’ rights and boating safety; it also offers complete boat insurance coverage at competitive prices.

Financial Stability and Customer Service

Liability and Fire Insurance Company is the underwriter of boat insurance for BoatUS and has an “A++” Superior rating from A.M. Best insurance rating organization.  There was no rating available of BoatUS from the Better Business Bureau and also no reports of any complaints filed against the company. While you can find a few negative reviews about claims payments online, the majority reports an overall positive customer experience. You can read some of the BoatUS customer reviews and make your own determination.

Boat Insurance Policy

Most boat types are covered by BoatUS insurance. The following benefits come standard with all boat policies:

  • 24/7 Claims Services through a nationwide network of towers and surveyors.
  • Salvage Assistance covers all salvage costs with no deductible up to your boat’s insured value at the time of the loss.
  • $25,000 Supplemental Medical additional coverage over the medical payments limit you select for your policy.
  • Fuel-Spill Liability is extra coverage over your policy’s standard liability coverage limits that protect you from third party claims from accidental oil or fuel spills.
  • Diminishing Deductibles will save you 25% on your policy premium for every year you remain accident-free. This begins with your first renewal period.

    Here are the different types of policies available through BoatUS:

    • Total Protection: The Total Protection Yacht policy provides agreed value protection for your boat, motor, and gear along with medical payments, liability, consequential damage coverage and a lifetime repair guarantee.
    • Boat Saver: This is a lower premium policy available to boaters who need less coverage. It provides actual cash value boat protection, medical payments coverage, liability and trailer & personal effects coverage.
    • Angler: This policy adds coverage for fishing boats and gear bass boats with extended cruising area options.
    • Liability Plus: This is the lowest cost policy option for those who do not need complete hull coverage. It provides liability payments, medical payment, full salvage assistance and wreck removal.
    • PWC: The Personal Watercraft policy provides coverage for jet powered crafts such as Jet Skis and Sea Doo’s. It provides actual cash value, broad cruising area options, medical payments coverage, trailer and liability coverage.

    Additional add-on coverages and extension options are available such as ice and freezing coverage, lower deductibles options, watersports and sporting equipment coverage and more.

    BoatUS Membership Benefits

    In additional to boat insurance from BoatUS, you can also become a member and enjoy the benefits provided including discounts from boating & fishing businesses, cruises, charters, car rentals, hotel stays through BoatUS partner companies. There are also other benefits including access to advocacy services and industry publications. Membership fees start at $24/year.

    Final Thoughts

    BoatUS only writes boat insurance. It is all the company does and it does it well. The additional benefits that come standard with all boat insurance policies are hard to beat. A disappearing deductible option saves you 25% on your deductible for every year you remain accident free until your deductible reaches zero. If you want to enjoy the added benefits of membership such as discounts for boat merchandise and repairs, the membership fees begin at only $25 per year.

    With all these benefits, BoatUS is a good option for serious boat enthusiasts to consider. You can visit the BoatUS website for a quote or call 1-800-283-2883.