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What is motorboat insurance?

Motorboat insurance is designed to safeguard you, your boat and other boat users against the various risks associated with using one.

For example, a collision involving a motorboat could lead to personal injury or damage to another craft.

This type of boat insurance can be applied to both ‘non-tidal’ or ‘tidal’ motorboats and protects against injuries that may occur to your passengers and other third-party claims emerging from accidents out on the water, or your boat being lost, damaged or stolen.

With a motorboat insurance policy, you’ll be able to cruise on the water with peace of mind.

Benefits of motorboat insurance through Craftinsure

  • 20 years’ experience
    We’re boat owners too, and have been helping others enjoy their passion for over 20 years
  • Direct to you
    We can offer competitive premiums since our Quote and Buy process is entirely online
  • Claims tracking
    You can notify us of a claim 24/7, and will receive an email acknowledgement immediately, so you can have peace of mind when the unexpected happens

What does Motorboat insurance cover?

Non-tidal and tidal motorboat insurance with Craftinsure is a fully comprehensive ‘All Risks’ type of cover.

For boats more than 25ft and over 20 years old (or 30 years old if non-tidal only) you will need to have a survey report not more than 5 years old, with all recommendations complied with.

  • Motorboats valued up to £600,000
  • Third party cover up to £5m
  • Loss or damage (including accidental damage) from fire or theft
  • Loss or damage while in transit
  • Repair or replacement (up to the sum insured)
  • Recovery of the vessel following a loss
  • Tenders
  • Inspection of the vessel after grounding, even if no damage is found
  • Personal Effects (up to a limit of £3,000 and £250 any one item unless specified)
  • Underwater gear
  • Cover for others using your boat with your permission
  • Legal costs incurred which defending a claim or while pursuing a claim against Third Party damage to your boat
  • Wear, tear, depreciation or gradual deterioration
  • Loss or damage caused by the vessel being unseaworthy
  • Theft of outboard motors (unless securely locked using an anti-theft device and the serial number has been safely recorded)
  • Mechanical or electrical breakdown
  • Loss or damage to personal effects unless the vessel has lockable storage
  • Loss of money, cheques, credit or debit cards, jewellery, spectacles or mobile phones
  • Operation of the vessel outside of the territorial scope
  • Wilful misconduct or recklessness by you or other persons in control of the vessel

Why should I consider motorboat insurance? 

Motorboating gives you the freedom to explore either on your own or with friends and family.

No matter your skill level, there is always the risk that something could go wrong—especially when you least expect it.

Specialist motorboat insurance protects you, your passengers, and your boat if the worst were to happen.

For example, you may collide with another boater causing damage to their boat. Public Liability cover, included in your motorboat insurance would be there to cover legal costs if necessary or cover you for the cost of repair or replacement of your vessel.

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FAQs

How much does it cost to insure a motorboat?

Through Craftinsure, policies for non-tidal motorboats start from £112 annually and tidal motorboats start from £150 annually.

However, there are various factors that could impact the price of your policy, including your claims history and the age and price of your vessel.

You can get a quick online quote today to find out the cost of your policy.

Do I need boat insurance?

Although boat insurance is not a legal requirement in the UK, you may want to consider it to protect you if the worst may to happen. For example, if you were to experience theft loss or damage.

Most harbours and marinas will require you to have third party insurance as a compulsory measure, so it is worth taking a look and understanding what you need.

Do you need a survey to insure a narrowboat?

Having your motorboat surveyed not only ensures the safety of those on board, but also helps to ensure your vessel is seaworthy.

For insurance through Craftinsure, motorboats used on tidal waters more than 25ft long and over 20 years old (or 30 years if non-tidal only) will need to have a survey report not more than 5 years old and you will need to have complied with all recommendations from the survey.

Are Personal Effects on my motorboat covered?

Yes—Personal Effects are covered, with a single item limit of £250.

However, in terms of loss or damage, they must be stored away in lockable storage on your vessel.

This cover also excludes the loss of items such as money, cheques, credit or debit cards, jewellery, spectacles, or mobile phones.

There is also an overall limit which will be detailed in your policy.

Who can use my motorboat?

Anyone who is insured to use your motorboat may do so, given that they have your permission to do so, and it is not on a hire and reward basis.

Are you sure you want to redirect to Craftinsure Ireland?

Craftinsure Ireland Limited operates solely in the Republic of Ireland, providing insurance to residents of Ireland. It is an independent company with no association to Craftinsure Limited which provides insurance to residents of the UK.

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