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High performance boat insurance

High performance boats need high performance insurance.

Find a Markel marine agent and get a free, no-obligation quote today.

Trust one of the leading marine insurance providers with over 45 years of experience.

For over 45 years, we’ve provided specifically tailored policies for high performance boats that offer customizable coverage, flexible payment options and a team of experienced claims specialists to help you every step of the way. Your high performance watercraft should be insured with a high performing policy that provides coverage for all your specific needs.

Why do you need high performance boat insurance?

If you have a high performance boat, you're most likely carrying some kind of insurance on it—but is it the right kind of insurance from the right kind of insurance provider?

Still not sure?

Here’s a few of the advantages to insuring your high performance boat with us:

Customizable coverage to suit your boating style.

Discounts and cost-effective coverage options to save you money.

Experienced high performance boat underwriters and marine claims specialists who provide prompt, responsive service.

Flexible payment options.

Save money by customizing your high performance boat insurance

Transit and storage
If your boat being refurbished, this is an option to save you money when you're not using your boat.

Actual cash value coverage (ACV)
Reduce your coverage to ACV, which factors in depreciation of your high performance boat should you have to file a claim.

Mature operator discount
Is the primary operator of your high performance boat 40 or over? If you answered yes, your policy qualifies for a discount.

What we offer

If your speedboat goes over 65 m.p.h., then it needs serious protection. Insurance protection, that is.

Our coverages can include:

Hull and equipment insurance protection including:

  • Protect and recover can cover reasonable costs incurred when trying to protect your high performance boat from further damage after an accident.
  • Agreed value for total loss, which locks in the value of your boat in case of a covered loss.
  • Replacement cost coverage on partial losses for newer boats, meaning depreciation will not be factored into your settlement.

Personal effects coverage
For all the "extras" you physically bring on-board, like a cell phone or camera.

Emergency towing and assistance
If you happen to break down, we can provide coverage for the expenses you incur to tow your boat to the boat repair shop.

Windstorm extra expense
If there is a named storm, watch or warning, we will share the expense with you to help protect your high performance boat before the storm makes landfall.

Medical payments
Helps pay for injuries suffered by you or any passengers during a boating accident.

Boat liability
Protects you in case you are responsible for injuries to another person, or damage to their boat or their property.

Uninsured boater
Unfortunately, not all boaters on the water have insurance. This coverage helps protect you and your family members if you are injured in an accident caused by an uninsured boater. Coverage is automatically included if watercraft liability is purchased.

Pollution liability
Pollution coverage helps protects you if you are held legally liable due to an oil pollution leak or spill.

  • Boat trailer coverage
  • Boat lift and boat house coverage
  • Trip coverage
  • Frequently asked questions about high performance boat insurance

    • General questions

      How fast is too fast to have my boat insured by Markel?
      Our high performance program is designed to provide coverage for newer boats over 26’ in length, capable of speeds up to 120 m.p.h.

      I live where it gets cold in the winter. Do I have to call and change my lay-up dates?
      No, we rate typical usage based on where you live. We do not have lay-up dates, so if you have an unseasonably warm day late in the year, you are covered.

      Where do I take my boat if it gets damaged?
      We don’t have any restrictions on where you take your boat to get a covered loss repaired.

      If I have a guest on my boat that is injured, what happens?
      In the unfortunate event that one of your guests is injured on your high performance boat, the damages for bodily injury for which the boat owner (i.e., the insured) becomes legally liable can be covered under your policy.

      If my boat is a total loss, how do I know that I will be adequately protected?
      We offer two different types of settlement options in the event of a covered loss:

      • Agreed value for total loss – both parties (you and Markel) agree on the value of your boat. In the event of a total loss, the agreed value of your boat stated in your policy is the amount that is paid out to you if you have a covered loss.
      • Actual Cash Value (ACV) looks at the current market value of the boat, along with the age and overall condition of the boat at the time of a covered loss, then pays out the market value of the boat.

      On most total losses, your deductible is typically waived.

      We also offer protection and recover coverage, which in the event of total loss of your boat, can help cover the reasonable costs incurred when you are trying to protect your boat from further loss.

      How do I make a change to my policy?
      Contact the agent listed on your policy’s declarations page if you need to make a change to your Markel Marine insurance policy.

      Can I pay my bill online?
      Absolutely! Visit our "My Account" page, where you can make a payment with a credit card, debit card or checking account. You can also decide if you want to make a one-time payment or set up automatic recurring payments so you never miss a payment.

    • Claims questions

      How do I file a claim?
      We understand that no one wants to file a claim and do everything we can to make the process as painless as possible. You can report your high performance boat insurance claim by calling our office at +1.800.236.2453 or submit your claim online and we'll take it from there.

      How long will it take for my claim to be processed?
      We are committed to investigating, evaluating and resolving marine insurance claims in a timely manner.

      Is there anything I can do to help speed up the claim process?
      Yes, you can help streamline the claims and settlement process and avoid delays by providing the following information when you file your claim:

      • Policy number
      • Date, time and location of loss or damage
      • Description of loss or damage
      • Digital photos (if possible)
      • Phone number to reach you

High performance boats need high performance insurance.

Find a Markel marine agent and get a free, no-obligation quote today.

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