Watercraft & Boat Insurance

Elyria, Lorain, Medina, Avon Lake, Avon, Cleveland, and North Ridgeville, Ohio

Watercraft & Boat Insurance Quote Form

Why do you need insurance for your boat or personal watercraft?

You'll enjoy the water even more when you're not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:

  • If you're in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
  • If you or any passengers are injured in an accident, medical costs can be extremely expensive.
  • If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
  • Your watercraft also needs protection when it's on land. Accidents can happen while towing a watercraft.

You want to be sure that you, your family, and your passengers are taken care of in the event of an accident. If you aren't completely sure of what would happen in the event of an accident, it would behoove you to give one of our insurance specialists a call today at, 440.233.6199 or contact us via email. We have worked with boaters and new boat owners for years, helping them to protect one of their most prized assets, their boat! If you have recently purchased a new boat or are looking to become a boat owner in the near future, we can help you navigate the waters of boat ownership and explain to you how boat insurance can help protect that new boat of yours. 

What Questions Should you ask Your Agent?

Here are a few things to consider as you prepare for the discussion:

  • How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen?
  • Is my boat or watercraft covered for use year-round?
  • What discounts and programs are available?
  • How much medical insurance and liability coverage is enough?
  • Do I have coverage if I need to have my boat towed in an emergency?
  • What's the process for filing and settling a claim?
  • Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?

Home and auto insurance policies may provide limited coverage for personal watercraft. Talk to one of our insurance experts about coverage limits today! You can give us a call at, 440.233.6199 or contact us via email any time. You may also want to consider purchasing a personal watercraft policy to protect yourself and your water vehicle in the event of an accident.

The personal watercraft policy covers:

  • bodily injury
  • property damage
  • guest passenger liability
  • medical payments
  • theft

Liability limits start at $15,000 and can be increased to $300,000. 

Typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments.

Additional coverage can also be purchased for trailers and other accessories. 

You should talk to one of our insurance experts about the type of coverage that would best suit your needs.

Why insure your boat with Cobos Insurance?

A couple of our carriers on the boat side offer some unique coverages you might not get elsewhere if you simply add  your boat onto your standard home and auto policy. In some cases we will advice you to do that as well, but in other cases you may need a unique and specific policy for your boat. We have compiled some highlights from a couple carriers including Progressive who specialize in modern boats (typically 2000 and newer) and Hagerty who specializes in classic boats (typically 2000 and older). We know that you can go anywhere for boat insurance in Cleveland, but if you want to work with an agency that truly understands your boat and the best way to insure it, give us a call at 440.233.6199 or contact us via email any time!


What Types of Coverage do some of our Carriers Offer?

Progressive offers the following coverage for most any boat;

No depreciation on repairs

They'll always pay what it costs to return your watercraft to its pre-accident condition or better. For example, let’s say that you hit a submerged object, damaging your 10-year old motor. It may only be valued at $1,000 but costs $3,000 to replace. If we can’t repair it, we’ll replace it. For you, that could be a real $2,000 difference.


Unlimited small accident forgiveness

They don’t count any small accidents of $500 or less against you or charge you more because of one.


Large accident forgiveness

If you’ve been with them for at least 4 years and have not filed a claim in the last 3 years, we won’t count an accident against you at your next renewal, regardless of what it costs.


Fuel spill

Pays the cost of cleaning up a fuel spill, even if your boat sinks.


Wreckage removal

If your boat sinks, they'll cover the costs of removing your boat from the water (if removal is legally required).


Roadside assistance

If your trailer or tow vehicle becomes disabled, they'll pay to tow you to the nearest repair shop. This coverage is included if you have a trailer on your policy. 


Water sports coverage

Automatically included on every Progressive watercraft policy and pays for any injuries or damages to property for which the boat owner is liable—if people are tubing, knee boarding, wake boarding, wake surfing or other similar activities. This doesn’t cover parasailing, kite boarding or other activities in which someone is pulled through the air.


Hagerty offers coverage on boats from year 2000 and older which include; 

Agreed Value

If you have a covered total loss, you receive the full agreed value the boat is insured for on your policy. Many insurance programs only pay "up to" the insured value on your policy, this is known as a Stated Value policy. In other words, you may not receive the full insured amount. Make sure you know exactly what your policy pays.

Low Premiums

We understand your boat won’t be driven daily or used like a car. Unlike everyday insurance carriers, Hagerty provides coverage geared specifically to your collector boat and the way you use it.

Club Discounts

As an added bonus to boaters who are involved in the hobby, we provide substantial discounts to members of most established collector boating clubs.

Unlimited Pleasure Usage

Hagerty encourages pleasure use, which includes unlimited coverage for US and Canadian Territorial Waters. Great boats were made to be enjoyed, so we don’t require a mandatory winter lay-up period should you be heading for warmer waters that time of year.

In-House Claims Service

Your claim is handled by a classic boat insurance expert in-house. You get personal and direct client service even during the busiest times of the year. We also work with your repair shop of choice to ensure repairs are done the right way by someone you trust.

Unlimited Land Transportation

Wherever you take your boat your Hagerty coverage goes with you, even when it’s on the trailer on the way to the lake or in storage for the off-season. We offer unlimited overland transportation within the United States and Canada.

Boat Restoration Insurance

A boat restoration can be a time consuming and expensive project, so what happens if you experience a loss during the restoration? Well, if you have the right insurance coverage this doesn’t have to be such a scary question. With the Hagerty Port Risk policy it doesn’t matter if you’re restoring a watercraft yourself or using a professional facility, we can assure that you're covered. The policy includes fire, theft and vandalism as well as overland transportation coverage. We will work with you to maintain the appropriate value while the boat is being restored. When the restoration is complete, we agree on the restored value and navigation can be added for full in-water operation.

We know that you can go anywhere for boat insurance in Ohio, but if you want to work with an agency that truly understands your boat and the best way to insure it, give us a call at 440.233.6199 or contact us via email today!