Boat insurance is financial protection to cover you and your loved ones from the costs of unexpected events damaging your boat or the costs you may be liable for due to boat-related accidents. There is no law requiring that you purchase insurance for your boat, but it is prudent to consider this coverage to protect the investment you have made in your boat.
The Division of Insurance has assembled some information to help you understand the issues involved in shopping for boat insurance.
Companies that Offer Boat Insurance
Each year, the Division of Insurance surveys property and casualty companies licensed in Massachusetts asking them to report if they offer several specific insurance products. Click the link below to see a list of companies reporting that they sell insurance for boats.