BOAT INSURANCE

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At Estrada & Associates Insurance, we can offer a wide variety of coverages and options for your boat, jet ski or personal watercraft. Some boats or smaller watercraft may even be covered under your current homeowners’ policy. The size type and value of your boat, personal watercraft or jet ski will be part of the determining factors in evaluating your Texas or New Mexico insurance coverage needs.

STANDARD COVERAGES

Full Replacement Cost

If you carry Comprehensive and Collision coverage, we’ll pay what it costs to return your watercraft to its pre-accident condition or better.

Example: You hit a submerged object, damaging your 10-year old motor. It may only be valued at $3,000 but costs $8,000 to replace. If we can’t repair it, we’ll replace it. This saves you $5,000 in depreciation. 

Bodily Injury & Property Damage Liability (BI/PD)

Bodily Injury Liability covers you if you’re in a boat accident and liable for injuring others. Liability Boat Insurance also pays to repair or replace any watercraft, object or other property you damage while boating, plus legal expenses if you’re sued.

Example: You crash your boat into the pier when trying to dock it, causing thousands in damage and injuring people on the pier. Liability will pay for the pier damage and people’s injuries up to your policy’s limits.

Fuel Spill

Progressive pays for fuel spills, no matter how the spill happened: sunken boat, leaking tank or a mishap at the fueling station.

Example: Your boat sinks in a nature reserve and the government issues you a fine-claiming your fuel spill threatens marine life and makes the water unsanitary. Progressive will pay the fine up to your policy’s limits.

Wreckage Removal 

If your boat sinks, we’ll cover the cost of removing your boat from the water (if removal is legally required).

Example: In a heavy storm, your docked boat sinks, so the marina mandates that you remove it or pay a fine. We’ll take care of removing your boat, so you can avoid any fees.

Roadside Assistance 

This coverage comes standard if you have trailer coverage on your policy—we’ll pay to tow your disabled vehicle to the nearest repair shop. 

 

Example: You’re hauling your boat to the lake and your vehicle breaks down or runs out of gas. We’ll pay to tow your vehicle and watercraft to the nearest repair shop.

Water Sport Coverages 

Water sports coverage pays for any injuries or damages you caused from tubing, kneeboarding, wakeboarding, wake surfing or other similar activities. Parasailing, kiteboarding and other activities in which someone is pulled through the air won’t be covered.

Example: Your child’s friend is injured while tubing on your boat. Water sports coverage will kick in and pay for their medical bills up to your policy’s limits. 

OPTIONAL INSURANCES COVERAGES

 

Total Loss Replacement

Available for purchase if you’re the original owner of your boat and it’s no more than one model year old. If your boat is totaled within 5 model years, we’ll buy you a new one or give you the amount that you originally paid for your totaled boat—your choice. If you’re outside the 5 model-year windows, we will still give you the original purchase price of your boat.

Example: You bought a new boat 3 years ago for $15,000, but it’s now only worth $10,000. If you have a total loss, it’s going to cost you at least $15,000 to buy a brand new one. So, we’ll spend the $15,000 and save you $5,000 in depreciation.

Sign & Glide On-Water Towing

 

If your boat is disabled or breaks down on the water, boat towing insurance pays for on-water towing, jump starts, soft un-groundings, and fuel delivery if your boat is disabled on the water. Just call our dispatch center and we’ll arrange for and pay the tow operator directly. You pay nothing out of pocket for boat towing service. 

Fishing Equipment or Carry-On Items 

You can get a full replacement cost of up to $10,000 for fishing equipment and up to $5,000 for personal property such as scuba gear, phones or other items that you carry on board and are lost or stolen.

Example: $5,000 worth of fishing equipment is stolen from your boat, but it’s a few years old and only worth $2,000. Progressive pays what it costs to buy brand new equipment (of similar models). That could be $5,000 or even more.

Propulsion Plus Mechanical Breakdown Coverage

We’ll pay to repair or replace the lower unit of an outboard motor or upper & lower units of an inboard/outboard motor if you have a mechanical breakdown. And yes, we’ll still cover it if it’s caused by general wear and tear. Starts at $38/year. Propulsion Plus does not apply to jet drives or inboard motors.

Example: Your 10-year old lower unit simply runs its course and dies on you. Typically, insurance wouldn’t pay for that because wear and tear are not covered. This coverage is different. Add Propulsion Plus, and, if it can’t repair, we’ll replace it with a brand new one.

Comprehensive & Collision 

These are two separate coverages. Comprehensive covers events out of your control, such as theft, vandalism, sunken boat, fires, heavy winds, hurricanes and other weather-related damage. Collision covers damage from boating accidents, such as hitting a submerged object, dock, another boat and even covers any injuries to pets on your boat, etc.

Example: Heavy winds rip the sails off your boat, causing thousands in damage. If you have comprehensive, we’ll pay for the damage, minus your deductible.

Example (Collision): You hit a submerged object and damage your boat and your dog is hurt in the accident. We’ll pay for damage to your boat, minus your deductible, and injuries to your dog (up to $1,000).

Uninsured/Underinsured boater  (UB/UIB)

If you’re hit by a boater with no insurance or not enough insurance,

UB/UIB will pay for your injuries and damages up to your policy’s limits.

Example: Another boater without insurance hits you and injures everyone on board. The boater is uninsured and can’t afford to pay out-of-pocket for the injuries caused. UB/UIB will pay for what the boater is liable for, up to the limits you select.

Medical Payment

You can pick a range of coverage limits to pay for you and your passengers’ medical bills if you’re in an accident or someone is hurt on your boat.

Example: You’re fishing and accidentally cut your hand with a sharp hook. You need stitches and have an expensive medical bill. Your health insurance company says they won’t pay the bill because you haven’t reached your deductible. So you can instead use your medical payments coverage, which has no deductible.

Trailer Trip Interruption

Pays your expenses if you break down at least 100 miles from home. We’ll reimburse you up to $500 to cover food, hotel, and other transportation costs. Costs only $10/year.

DISCOUNTS

Multi-Policy

Have an Auto, RV, Motorcycle, Homeowners, Renters, Condo, or Commercial Policy with Progressive? We’ll say thank you by lowering your price.

Responsible Driver 

If you have no watercraft or motor vehicle violations or accidents on your record for the last three years, you can significantly lower your boat insurance rate.

Original Owner 

If you have no watercraft or motor vehicle violations or accidents on your record for the last three years, you can significantly lower your boat insurance rate. 

Transfer from Another Company 

If you already carry Boat Insurance, you’ll get a discount for switching to Progressive.

Association 

We’ll provide a discount for membership in the United States Coast Guard Auxiliary (USCG) or United States Power Squadron (USPS). In most states, USAA members will also receive a discount. 

Multi-Boat

Earn a discount if you have more than one boat on your policy.

Advanced Quote 

Get rewarded for shopping in advance! You’ll earn a discount if you purchase your Boat Policy at least one day before when it goes into effect. The discount amount increases if you buy a policy more than a week before it is scheduled to start. 

Pay in Full

Get a discount just for paying your Boat Policy upfront and in full.

Prompt Payment

You’ll earn this discount starting with your first Progressive Boat Policy, and you’ll keep it as long as you pay on time.

Safety Course 

Just complete any state-approved safety course to save even more.

Small Accident Forgiveness 

You’ll enjoy small accident forgiveness as soon as you start your Progressive boat policy. That means your rate won’t increase if you have a claim of $500 or less. 

Large Accident Forgiveness

If you’ve been a Progressive customer for at least four years and accident-free for the past three years, your rate will not increase for any boat accident.

Disappearing deductibles

If you add this coverage, we’ll subtract 25% from your deductible amount for every claim-free period on your boat policy… all the way down to $0!