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Watercraft & Boat Insurance

While your home insurance policy may include limited coverage for boats, dedicated boat and watercraft insurance policies are much more comprehensive. Boat insurance can include coverage for collision, liability, and uninsured boater coverage. Depending on your policy, boat insurance can help reduce your deductible for each consecutive year that you do not have a claim, mechanical breakdown coverage, and additional coverage for carry-on items and equipment.

Every year, Colorado boaters take advantage of dozens of major rivers and waterways, including the Colorado River, Rio Grande, and the Arkansas River. For those looking for boat insurance, there are several requirements that you’ll need to be aware of.

Requirements for Boat and Watercraft Insurance in Colorado

Colorado residents are required to hold a Boater Safety certification for operators who are 14 years of age and older. The accreditation requires several prerequisite classes that are approved by the Colorado State Parks.

When it comes to insurance, the state of Colorado does not require boaters to hold insurance. However, it is highly recommended by All Drivers Insurance due to the nature of the hobby and the cost of purchasing and maintaining a boat. Home owner’s protection is inadequate since it only covers for smaller boats, under a specific value. Also, homeowner’s insurance will usually only cover damage done while it is on your property, not while it is in operation in Colorado’s bodies of water.

While not mandated, boat and watercraft insurance can be very valuable. Several factors will come into play when it comes to your policy and the breadth of coverage, including the age and size of the boat, its value, condition, or if the vessel was custom-made.

To learn more about boat insurance, and how to pick the right one for you, contact All Drivers Insurance. Our Colorado agents can work with you to build a boat and watercraft policy that fits your needs and boating lifestyle. Reach out to us for a quote.

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