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    Boat insurance is a lot like car insurance in some ways, except the policy’s language has been adjusted to mitigate boat-specific risks. Boaters will notice both similarities and differences between the two.

    Should someone be injured or drown in a boating accident, the operator and/or owner might be held responsible.

    • Bodily Injury Liability Coverage
    • Medical Payments Coverage
    • Property Damage Liability Coverage

    What is Boat Insurance?

    Boats are a lot of fun to use, but being on the water comes with certain risks. Thousands of boating accidents occur each year, resulting in property damage, injuries and (sometimes) even death. Purchasing boat insurance won’t prevent something bad from happening on the water, but it may afford Massachusetts boat owners with financial protection if there is a covered incident.

    Boat insurance is a lot like car insurance in some ways, except the policy’s language has been adjusted to mitigate boat-specific risks. Boaters will notice both similarities and differences between the two.

    Who in Massachusetts Should Have Watercraft Insurance?

    Most Massachusetts residents who own a boat or other watercraft ought to consider carrying watercraft insurance. Although watercraft coverage generally isn’t required by state law (like auto coverage often is), there are still several reasons to carry a policy.

    First, some lease and loan agreements might dictate that insurance is purchased regardless of whether state law requires it. Carrying insurance is a common stipulation of these policies, for financial institutions want to protect their interest in a boat.

    Second, owners who have expensive boats will likely want insurance regardless of whether they finance, lease or own their boat. Physical perils like theft, fire and accidents can result in devastating losses if insurance isn’t in place. Many boat owners would struggle to replace their watercraft without incurring a significant monetary cost.

    Third, operating a boat of any size poses potentially serious liability risks. Should someone be injured or drown in a boating accident, the operator and/or owner might be held responsible. Resulting lawsuits can be expensive to defend against and settle. Watercraft insurance that comes with liability coverage may help mitigate legal costs like these.

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    • I love Paul Murphy insurance. I have been a customer since 2004 upon first getting my license. I wouldn't dream of working with any other insurance agency. Paul Murphy insurance as far as I'm concerned is part of my family. I do more personal registration and insurance transactions through them per year then any normal sane human being should be a part of. They have known me on a first name basis for quite a while and know exactly what it means when I walk in the door. They have been above & beyond helpful and I've learned so much from them. I'll bet my bottom dollar when they see this review they'll know who this is. Have a wonderful day Paul Murphy crew you'll probably see me in about 2 months.

      Sikla wolfy, Google Review

    • We had an absolutely fantastic experience with this company. They truly are a one-stop-shop, sorting out every single thing from car and house insurance to even managing the process of getting our plates directly from their office. This is an excellent, all-encompassing business; you simply can't go wrong choosing them. They are our exclusive insurance provider in New England.

      DC, Google Review

    • I've been with Paul T Murphy since 2005. My home, car and business liability insurance has gone through this agency. I've had a series of unfortunate matters over the past 2 years and they've helped me every step of the way. Stephanie is my usual point of contact. She is encouraging, caring and extremely informative. She always gets me the answers I need. Whatever help I need, she is always willing to provide support and instruction. Most importantly, she cares. She often just asks how things are going and provides warm customer service.

      Nika Hollingsworth, Google Review

      Winchester, MA

    • I have been with Paul T. Murphy insurance for years. I have recommended several friends and family members who are very happy with this company. We have our home ins., Liability ins., commercial vehicle coverage and also our personal auto coverage. Just recently my husband was involved in an accident and I was getting no where with the insurance carrier so I called Greg. He did everything he could for us. In the end it worked out due to him and all his hard work. I have also worked with Brian and Du on numerous occasions. They have always worked so hard at getting us the best insurance coverage for a best rate. The customer service there is a 5 star!

      Erin McCabe, Google Review

    • Paul T Murphy Insurance is like having a team of friends in your corner who are always there when you need them. The entire staff is genuinely sincere and incredibly responsive, especially my agent, James. He’s a total pro—always on top of things, super informative, and makes everything easy. Whether it’s a quick question or something more urgent, they’re always ready to help. Can’t recommend this group enough for all your insurance needs!

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    • I’ve been a customer of Paul T Murphy Insurance for almost 20 years and have never had to worry about my insurance needs because they always go above and beyond. The staff are incredible and work tirelessly to ensure that they do their very best to support each and every one of their customers. I’ve never encountered a more helpful staff that work around the clock to get the best rates and ensure their customers are happy and taken care of with the best coverage!

      Lindsay Porziella, Google Review

    • James at Paul T. Murphy insurance company was amazing to work with! He helped my husband and me out with our auto and home insurance and was able to save us money for a better policy than our current provider. He was prompt to respond and answered all of our questions! I am so impressed with his knowledge and expertise in the insurance industry! Thank you James

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    • Paul Murphy Insurance is the best. The people I've had the pleasure of dealing with were professional, helpful, friendly, made sure that all my questions were answered, and were able to find the best policies for my needs. Most recently, Stephanie, went above and beyond to take care of my issues. I definitely recommend them.

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    • Paul Murphys is the best of the best! Steph is amazing and so sweet! I got into an accident last year and she was there to help with any questions I had and always called to keep me updated and keep in the loop with everything. She makes sure I get the best deal and on top of it all

      Anna Marguerite

    • I’ve only been working with Paul T. Murphy insurance for a short time and I can say with confidence, I made the right choice by choosing their agency. My agent Mike Kulch has been extremely helpful, informative, and always follows up quickly. Sherri in customer service has also been great to work with. As soon as I answered her questions and sent my documents I had a quote within minutes. Thank you Mike and Sherri for helping me lower my home owners insurance

      Ashlyn Tuffy

    What Coverages Do Watercraft Policies Make Available?

    The similarities and differences between watercraft and auto insurance policies show up in the two insurances' coverages. Watercraft insurance has coverages that are quite similar to auto insurance coverages, as well as ones that are quite different.

    Some of the watercraft coverages that are similar to auto coverages include:

    • Bodily Injury Liability Coverage, which often covers injuries that people outside of the insured watercraft sustain
    • Medical Payments Coverage, which often covers injuries that people on the insured watercraft sustain
    • Property Damage Liability Coverage, which often covers damage that a watercraft causes to others’ property
    • Collision Coverage, which often covers damage that a watercraft sustains in a multi-boat accident
    • Comprehensive Coverage, which often covers damage that a watercraft sustains in a non-collision incident

    Some of the watercraft coverages that auto policies generally don’t need to provide include:

    • Coverage for on-water towing by another boat
    • Coverage for sports gear and fishing tackle kept onboard
    • Coverage for safety gear kept onboard
    • Coverage for recovering a sunken vessel

    Boat Insurance Massachusetts

    Does Homeowners Insurance Cover Boats?

    Homeowners insurance may cover boats in select cases, but boaters should be careful before relying on this insurance to protect them when on the water. Not all homeowners policies extend coverage to watercraft, and those that do frequently have strict limitations.

    Homeowners policies that do cover boats frequently cover only small boats. They often have strict limits on how long a boat can be and how powerful its engine can be -- if an engine is allowed. While canoes, kayaks, paddleboards, small sailboats and dinghies might be covered, vessels of any real size are likely to be excluded.

    Additionally, homeowners policies may offer only limited coverage for boating-related liability claims. Even if a homeowner’s full personal liability coverage extends to boating accidents (and it might not), a major accident could easily exceed the limits of a typical homeowners policy.

    For these reasons, many boaters are wise to purchase watercraft insurance even if their homeowners offers some coverage. An insurance agent who specializes in watercraft and homeowners policies can help boat owners navigate their particular insurance needs and coverages.

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    Where Can Massachusetts Boat Owners Get Boat Insurance?

    For help insuring a boat or other watercraft that’s in Massachusetts, contact us at Paul T. Murphy Insurance. Our independent agents can show you boat insurance options from several insurers, and we have the expertise necessary to help you identify the one that best meets your needs.

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    Paul Murphy Insurance • 628 Broadway, Rt 99 Malden, MA 02148 • 781.321.9700


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    This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.

     

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