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Speedboat Insurance
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Why choose Craftinsure for speedboat insurance?
Speedboat insurance is designed to shield your boat against theft, loss, and damage. It’s also there to help financially protect you against the risks associated with cruising on the sea or inland waterways, such as third-party claims for injury or property damage.
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Trusted by boat owners
Rated ‘Excellent’ by Trustpilot and Smart Money People, Craftinsure arranges cover for over 20,000 boat owners.
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Fast online cover
Request a quote online and complete your purchase in minutes using our simple, fully digital process.
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Up to £5m third-party cover
Up to £5m of cover is included as standard for protection against third-party claims.
Speedboat insurance highlights
- Get cover for using your speedboat in the UK, Ireland, and coastal Europe
- £5m third-party liability cover included as standard
- Waterski and wakeboard liability cover included as standard, with the option to include additional cover for towing inflatables
- Recover costs of your vessel are covered in the event of a loss
- Get a quick online quote in minutes
What does speedboat insurance cover?
Speedboat Insurance
- Loss or damage, including accidental damage
- Theft following forcible removal or forcible entry
- Accidental or malicious damage
- Recovery of the vessel following a loss
- Repair or replacement (up to the sum insured)
- £5m third-party cover
- Dropping off or falling overboard of outboard motors
- Waterski and wakeboard liability
- 30 days European cover
- Loss or damage when in transit by road
- Cover for others using your speedboat (with your permission and subject to a minimum age and/or qualifications)
- Legal costs in defending a claim against you in connection with the boat
You can look at the Insurance Documents for full details on the cover provided.
- Loss or damage if the boat is not in a seaworthy condition
- Wear, tear, depreciation or gradual deterioration
- Theft of outboard motors (unless securely locked and you have the serial number recorded)
- Theft of trailers unless fitted with a wheel clamp and hitch lock when unattended
- Mechanical or electrical breakdown
- Loss or damage to personal effects
- Loss or damage whilst the craft is left unattended afloat unless in a marina
- Operation outside of the territorial scope shown in the policy
- Wilful misconduct or recklessness by you or other persons in control of the vessel
- Racing or speed trials
- Towing inflatable toys unless agreed
You can look at the Insurance Documents for full details on the cover provided.
Why should I consider speedboat insurance?
There’s nothing better than getting out on your speedboat in the fresh sea air, whether bay-hopping, waterskiing or exploring new waters.
Yet, as with any outdoor hobby, it doesn’t come without the risk of an accident.
Say you lose control of your speedboat and accidentally injure another person on the sea. Speedboat insurance can cover you up to £5m against third-party claims. Or, say you let a family member operate the boat while you’re aboard, and they accidentally run it over rocks, damaging the hull.
Having specialist speedboat insurance in place can help protect your craft against the unthinkable, so you have peace of mind when you’re cruising the coastal waters of the UK or continental Europe.
Speedboat Insurance FAQs
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There are several factors that affect the cost of your policy, such as claims history and the class and value of your boat.
You can get an online quote in minutes to learn the cost of your cover.
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Specialist speedboat insurance isn’t required by law, but it’s a prerequisite for membership with many launching sites and harbour authorities.
You might also want to consider insurance for peace of mind when waterborne or whilst towing your boat so you don’t have to worry about risks such as theft, damage, or third-party claims if you have an accident on your speedboat.
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Yes—all speedboat insurance policies arranged by Craftinsure include cover for your boat and equipment including outboard motors and trailers.
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You can include modifications and upgrades in your cover under the total sum insured. If you’ve already taken out a policy and then make modifications to your boat, it’s best to contact us as soon as possible to ensure you’re insured for your vessel’s true value after the modifications.
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The maximum speed to remain covered by a speedboat insurance policy through Craftinsure is 50 knots.
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With speedboat insurance through Craftinsure, your speedboat is covered while in transit and in storage. Ensure that when it’s on a trailer or stored away, it is properly secured to help reduce the risk of accidental damage to the vessel.
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Your boat is still covered while being driven by your friends or family, provided they have your permission. This does not apply to drivers under the age of 20 unless you have extended your policy to include this. Even with this extension, they must be over the age of 16 and hold a Powerboat Level 2 qualification.
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Specialist speedboat insurance through Craftinsure covers waterski and wakeboard liability as standard. You can choose to extend your policy to include inflatable toys for an additional premium.
