Boat and Watercraft

Allen & Smith Insurance can help make your time on the water relaxed and worry-free! We will find you comprehensive protection that protects you, your passengers, your watercraft and boating equipment. The average boat costs less than a dollar a day to insure. You’ll enjoy being on the water even more when you aren’t worried about your safety, the safety of your friends and family, or your investment.

Friends on the Gulf Coast,  do you know what to look for in a watercraft insurance policy? Allen & Smith Insurance can help you determine the right amount of coverage to meet your specific needs. Just give us a call today in Gulfport at 228-868-9270  or in Waveland at 228-467-1152 to get started. Here are some items you’ll need to consider when shopping for boat insurance on the Gulf Coast.

  • Navigational Area: Know where you are covered in the water. Some companies, such as Safeco Insurance, offer protection that covers you up to 75 miles from the U.S. coastline; into Canadian, coastal, or inland waters; and into the Pacific coastal waters of Mexico. In California, Florida, and Oregon additional coverage area can be purchased.
  • Agreed Value Coverage: Watercrafts depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed. This means that if your boat is a total loss you will get the value you insured it for, minus any deductible.
  • Liability Like car insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at fault for an accident on the water. This coverage will pay to repair or replace the property of someone else as well as for their medical care, lost wages and other costs incurred as a result of a boating accident for which you are at fault.
  •  Medical Payments Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at fault.
  • Physical Damage Coverage Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer, if it is stolen or damaged.
  • Uninsured/Underinsured Watercraft Bodily Injury Since boat coverage is not always mandatory, many boaters choose not to get insurance. If you are hit by an uninsured or underinsured boater and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.
  • Fuel Spill Liability and Wreckage Removal Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the boat’s owner you are required by law to have this cleaned up, which can be time consuming and expensive. This liability insurance could help consume some of those costs.
  • Personal Effects Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting and fishing equipment. Limits vary by state – check with Allen & Smith Insurance for information. Personal effects coverage does not include all jewelry, watches or furs.
  • Unattached Equipment Coverage This pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.
  • Emergency Assistance The Emergency Assistance Package provides coverage for towing and labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.Every need is unique – Contact us to find out how to get the best boat and watercraft insurance coverage for you.


Every need is unique – Contact us to find out how to get the best boat and watercraft insurance coverage for you.