Charter Insurance for
Boats and Fleets

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Earning With Your Boat? You Need Different Coverage

Charter insurance protects boats used for paid trips, rentals, and tours. 

Charter insurance covers the vessel, its passengers and crew, and liability arising from costly claims.

If a boat earns money, private insurance is not enough. Charter insurance is required.

Coverage Built for How Your Boat Is Used

Charter Boats that carry paying passengers need different protection.

Charter insurance helps:

  • Protect business income
  • Cover passenger injuries
  • Meet Marina and the lender rules
  • Reduce legal exposure

Coverage must match how the boat actually operates.

Coverage Options

Charter insurance offers flexible protection based on vessel size and use.

  • Agreed Value
  • Replacement Cost
  • Actual Cash Value
  • Hull values from $50,000 to $100,000,000
  • Limits from $100,000 to $10,000,000
  • Passenger injury protection
  • Property damage coverage
  • Single or multi-day charters
  • Crew liability
  • Tender and dinghy coverage
  • Personal effects and fishing gear
  • Underwater machinery damage
  • Named windstorm and hurricane coverage
  • Medical payments and uninsured boater

Each policy is structured to protect both the vessel and the business.

Travel Outside U.S. Waters

Charter insurance can extend beyond U.S. waters with approval.

Navigation options may include:

  • Caribbean waters
  • South and Central America
  • Mediterranean routes
  • Transatlantic crossings
  • Panama Canal transits

Optional coverage may include:

  • Cargo and onboard shipping
  • Bluewater and extended cruising

Navigation limits depend on vessel type and experience.

Protect Your Boat. Enjoy the Water.

Many charter operators qualify for savings.

Common discounts include:

  • Approved boating safety courses
  • GPS tracking devices
  • Automatic fire suppression systems
  • Clean driving records
  • No claims in the past three years
  • Prior boating experience
  • Boats five years old or newer
  • Winter storage or lay-up
  • Fresh water use only

Discounts lower the cost without reducing protection.

Private boat policies exclude paid use.

Charter insurance accounts for:

  • Paying passengers
  • Crew exposure
  • Commercial activity
  • Higher liability limits

The wrong policy can lead to denied claims.

Charter insurance pricing depends on real operating details.

A proper quote review:

  • Vessel value
  • Passenger limits
  • Crew information
  • Navigation area
  • Claims history

Comparing options helps control cost and coverage gaps.

Get Charter Insurance That Supports Your Business

Charter insurance keeps your boat, crew, and income protected. The right policy helps your operation stay compliant and ready to run.

Get your personalized charter insurance quote today. Call 1-888-293-7102

Speak with a charter insurance agent and secure coverage built for paid boat use.

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Get Your Personalized Quote!

We are your Boat & Yacht Insurance Experts. If you are looking for a free, non-obligation insurance quote, contact us today.

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