Boat Insurance
Owning a boat means freedom — but it also comes with responsibility. Accidents, storms, theft, or unexpected damage can turn a great day on the water into a costly setback
Insurance Tailored To You
As an independent agency, we shop multiple carriers to find a policy tailored to your boat, your lifestyle, and your budget.
Everything You Need To Know About Boat Insurance
What Is Boat Insurance?
Boat insurance is a specialized policy that protects you, your passengers, and your watercraft against risks like damage, theft, and liability. Like auto insurance for the road, boat insurance is designed to cover you both on and off the water — giving you peace of mind whenever you set sail.
Do You Have To Have Insurance On a Boat?
Boat insurance isn’t always required by law in every state, but that doesn’t mean you can skip it. In Louisiana and across the U.S., requirements can vary depending on where and how you use your vessel:
- Marinas & Lenders – Many marinas require proof of insurance before you can dock, and lenders typically require coverage if you finance your boat.
- Certain States & Waterways – Some states and specific waterways have liability requirements for boaters.
- Personal Protection – Even if it isn’t required, having insurance protects you from costly accidents, injuries, or damage.
At Dorsey Insurance Agency, we recommend coverage for any boat owner. Without it, you could be left paying out-of-pocket for repairs, liability claims, or medical bills after an accident. The right policy ensures you can enjoy your time on the water without worry.
Not sure what’s required for your vessel? Our team can help you understand local laws, marina requirements, and coverage options.
What Does Boat Insurance Cover?
Most boat insurance policies can include:
- Liability Boat Insurance – Protects you if you’re responsible for injuries or property damage.
- Collision Coverage – Covers damage to your vessel if you’re involved in an accident.
- Comprehensive Boat Insurance – Protects against non-collision risks like theft, fire, or storms.
- Medical Payments – Covers medical costs for you and your passengers.
- Uninsured/Underinsured Boater – Provides protection if another boater without insurance causes an accident.
- Towing & Assistance – Helps with emergency services on the water.
What Types of Boats Can Be Covered?
At Dorsey Insurance Agency, we provide coverage for nearly every type of watercraft. Whether you’re out for leisure, sport, or serious sailing, we can find a policy that fits your needs:
- Pontoon Boat Insurance – Protection for family-friendly boats perfect for lakes and rivers.
- Classic & Antique Boat Insurance – Specialized coverage for older or collectible vessels that need extra care.
- Bass Boat Insurance – Tailored policies for anglers who spend their time on the water fishing.
- Small Boat Insurance – Affordable protection for skiffs, dinghies, and other compact watercraft.
- Old Boat Insurance – Coverage designed for aging vessels that may be harder to insure.
- Speed Boat & Jet Boat Insurance – Safeguards high-performance boats built for speed and excitement.
- Fishing Boat Insurance – Comprehensive protection for boats built for both recreational and sport fishing.
- Sailing Boat & Catamaran Insurance – Coverage for sailboats of all sizes, from single-mast vessels to multi-hull catamarans.
- Motor Boat Insurance – Flexible coverage for traditional motorized boats used for recreation or travel.
If it floats, chances are we can insure it. We will make sure you have the right protection before you head out on the water
Benefits of Boat Insurance
- Protect your investment against costly repairs or replacement.
- Stay financially secure if you’re found liable for an accident.
- Cover medical costs for yourself, your passengers, or others involved.
- Enjoy peace of mind knowing you’re protected every time you launch.
Risks of Not Having Coverage
Without proper boat insurance, you may face:
- Paying out of pocket for expensive repairs or total vessel loss.
- Liability lawsuits from accidents or injuries.
- No protection against theft, storms, or fire.
- Limited ability to dock at marinas or enter competitions (many require proof of insurance).
How We Help You Find the Right Policy
At Dorsey Insurance Agency, our process is simple:
- Learn About Your Needs – We discuss your boat, how you use it, and what matters most to you.
- Compare Multiple Carriers – As an independent agency, we shop the market for policies that match your needs and budget.
- Tailor Your Coverage – We recommend the best options and walk you through the details so you feel confident in your choice.
With nearly 80 years of experience, we’re here to make sure your time on the water is safe, stress-free, and fully protected.
Want To Know More? Contact Us Or Request A Quote.
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Boat insurance typically costs between $200 and $500 per year for basic coverage. Prices vary based on boat type, length, horsepower, location, and usage. High-performance or larger boats can cost over $1,000 annually. Discounts may apply for safety courses or bundling with other insurance.
You need insurance on your boat if it’s financed, docked at a marina, or operated in states that require it. Even when not legally required, boat insurance protects against liability, damage, and theft. Most marinas and lenders require proof of coverage before allowing docking or financing.
Most boat insurance policies do not require a minimum level of experience, but insurers assess your boating history, certifications, and safety course completion. Experienced operators and those with safety training often receive lower premiums. Inexperienced operators may face higher rates or coverage restrictions.
Yes, most boat insurance providers require policyholders to be at least 18 years old. Some insurers may restrict coverage for operators under 25 or impose higher premiums due to risk. Age restrictions vary by provider, but adult legal age and experience are common underwriting factors.
Yes, boat insurance typically covers sinking if caused by a covered peril such as storms, collisions, or hull damage. Coverage depends on policy type and exclusions. Negligence, poor maintenance, or gradual wear may void coverage. Comprehensive policies offer the most protection against sinking incidents.
Yes, boat insurance usually covers the motor if it is damaged by a covered peril like collision, fire, theft, or storm. Mechanical breakdowns and wear are typically excluded unless additional coverage is purchased. The motor must be listed in the policy to ensure full protection.