Marine Insurance

Talbot Insurance has many options available to guarantee the best coverage for your personal boat or commercial vessel. An understanding of the policy wordings, including their definitions, limitations and conditions is vital to proper insurance on marine craft. Let our experts help you wade through the possibilities to best protect your interests.

For example, some marine insurers will include all attached and unattached items, while others include only attached equipment used in the care, maintenance and operation of your vessel.

Personal Property on the vessel as well as tenders and their outboards, if any, are often included in the main hull limit; however, some companies list all items separately with their individual values, while still others include an automatic percentage with a maximum limit. Settlement in the event of claims can be based on an Actual Cash Value or Replacement Cost. Liability is often best covered under a Protection and Indemnity wording to cover the issues unique to watercraft.

Coverages Include:

  • Small Pleasurecraft
  • Personal Watercraft
  • Charter and Commercial Vessels
  • Yachts
  • Live Aboards
  • Marinas