Boat and yacht insurance for what your vessel is worth
A standard boat policy often pays depreciated actual cash value, caps towing, excludes breakdowns and limits how far you can cruise. We place agreed value coverage with navigation, liability and salvage sized to how you use your boat.
Agreed value · Worldwide navigation options · No cost to compare
Build the right program for your vessel
Sailboat, motor yacht, sportfish, trawler or PWC: select how you use it and we'll show the coverage that typically applies. Nothing is stored or shared.
Your operation
Select everything that applies.
Coverage that typically applies
4 coverages — a starting point for a conversation, not a quote.
- Agreed value hullInsure the full value with no depreciation at claim time.
- Navigation extensionCoverage matched to where you cruise: Puget Sound and inland waters, the Pacific Northwest and British Columbia, Alaska, or offshore.
- Wreck removal & salvageCovers the cost to recover or remove a vessel.
- Uninsured boater protectionCovers damage from an uninsured or underinsured boater.
Why a yacht policy isn't a car policy
Marine insurance protects your vessel differently than anything on land.
Agreed value hull
Sets your vessel's value up front. If it's a total loss, you're paid that agreed amount, with no depreciation.
- Worth checking: actual cash value policies pay depreciated value, which can be a fraction of replacement cost, especially on financed boats.
Marine liability (P&I)
Protection & indemnity covers injuries to others and damage to other vessels or property you're responsible for, plus legal defense.
- Worth checking: maritime law lets injured parties pursue personal assets. We size liability to your exposure and your umbrella.
Towing & salvage
Emergency towing, ungrounding and wreck or salvage removal, which can run tens of thousands of dollars in remote waters.
- Worth checking: basic policies may cap towing at a few thousand dollars and exclude salvage.
Mechanical & water toys
Optional mechanical-breakdown coverage for engines and generators, plus tenders, PWCs and gear aboard.
- Worth checking: breakdown is excluded from standard hull coverage, and tenders and toys often need scheduling.
Worldwide navigation
Defines the waters you're covered in, from Puget Sound to Alaska, Mexico or offshore, with named-storm options.
- Worth checking: cruise beyond your navigation limits and a claim can be denied.
Marine specialists, not generalists
Marine expertise
Advisors who know agreed value, navigation limits and survey requirements for sailboats, motor yachts, sportfishers and trawlers.
Pacific Northwest waters
Since 1992 we've insured Puget Sound vessels and understand Alaska cruising, British Columbia regulations and named-storm concerns offshore.
Help on the water
When something happens far from home, we coordinate surveyors, towing and repairs so you're back on the water sooner.
Let's protect your investment on the water
Share a few details and a marine specialist will build the right program and follow up, usually within one business day.
- Agreed value so a total loss pays the full amount
- Navigation that matches your cruising
- Towing, salvage and liability sized to real marine risk
Have a recent survey or current declarations page? You can email it to info@firstunderwriters.com after you submit.
Questions about your vessel?
Call our Kirkland office to talk through value, navigation and survey requirements with a marine specialist.
Coverage descriptions are general summaries for education. They are not legal, tax or coverage advice, a statement of coverage, an offer or a binder. The vessel checkup is illustrative and not a quote. Actual cash value, agreed value, available coverages, navigation territory, eligibility and premiums vary by vessel, survey, use and carrier, are governed by the terms, conditions and exclusions of the policies issued and are subject to underwriting.