Boat Insurance in Cleveland Ohio

Are you thinking about prepping your boat for the lake? Are you optimistically hoping for that first great warm front to roll into Cleveland this year so that you can get your boat into the water? Aside from actually prepping the boat, what else should you be thinking about? Considering you're reading an insurance blog, you should certainly examine your boat insurance coverage! We know that finding the right boat insurance can be even more of a chore than actually getting the boat into the water, if you're not working with the right insurance agent. Here at Cobos Insurance, being based in the Cleveland area, we understand your wants and needs as a boat owner in Ohio when it comes to your insurance coverage!

Why insure your boat with us?

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!


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.


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.​

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Posted 10:04 PM

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NOTICE: This and all content is developed from sources believed to be providing accurate information. The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional for detailed information regarding your individual situation. Some of this material was developed and shared by Cobos Insurance Center, Inc. to provide information that may be of interest. Cobos Insurance Center, Inc. is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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