BoatUS Boat Insurance

time icon 7 min read update icon Sept. 20, 2019
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BoatUS is a one-of-a-kind boat insurance provider that offers boating expertise and an array of membership benefits to its policy holders. 

BoatUS, formerly known as the Boat Owners Association of the United States, was established in 1966 by Richard Schwartz. The association, comprised of more than 500,000 members, is recognized as the country’s largest recreational boat owners organization. As an insurance provider to all 50 states in the U.S., BoatUS strives to provide affordable coverage to boat owners and ensure individuals’ safety, rights, and access to exceptional insurance.  

In addition to insuring more than $8 billion in boats, BoatUS offers financing options to potential boat owners, provides graphic design services for boats, comprises the largest on-water towing fleet (TowBoatUS) and publishes the most widely distributed boating magazine, BoatUS Magazine. 

Policies from BoatUS are underwritten by two separate insurance companies, National Liability & Fire Insurance Company and GEICO Marine Insurance Company. Both agencies are recognized by the insurance reporting organization, A.M. Best (with ratings of “A++” and “A+,” respectively). 

Although the company continues to operate under its original title, it was purchased by GEICO in 2015.

Grandfolk Scoring
Cost 8/10
Ease of enrollment 8/10
Customer support 9/10
Discounts 6/10
Payments 9/10
Add-on options 8/10
Boats covered 8/10
Coverage 9/10
Waiting period 9/10
Annual cost of coverage
Premium rates vary based on a number of factors
Ease of enrollment
Ways you can enroll
Get a free quote online or call customer support
Customer support
Ease of access
Customer support is available 24/7 by phone; claims can be filed online
How can premiums be reduced?
Boating safety courses, boating experience, clean driving record
How are payments completed?
By phone, by mail, or online
Add-on options
What types of coverage can be added to my policy?
Fishing equipment, personal property, loss replacement, and more
Boats covered
What types of boats are eligible for coverage?
Nearly all boat types are eligible
What services are covered?
24/7 claims assistance, coverage for losses, and more
Waiting period
How soon can services be used?
This depends on your chosen policy’s effective date
Age Score:
50-64 Years
65-74 Years
75-84 Years

The BoatUSwebsite features bold and appealing graphics and content that is easy to locate and navigate. Seniors visiting the home page can easily identify links to the information most pertinent to their needs. 

Customer support and other policy-related services are easily accessible to seniors. Phone lines to general customer service and sales agents are only available according to set schedules. However, seniors can contact agents 24/7 to file and process claims. 

Seniors have a wide variety of payment options. They can submit payments online via credit card or with an electronic bank transfer, by phone using an automated system or by USPS. Seniors can therefore select the payment method best suited to their needs. 

There are no opportunities for discounted premiums that specifically benefit seniors. However, some options may be feasible. Seniors with multiple boats or with GEICO auto insurance policies can qualify for discounted rates. Those seniors who are unable to drive, however, may be incapable of taking advantage of such driving-related discounts (especially those pertaining to driving records). 

Seniors who are able to travel frequently or who feel comfortable navigating the Internet may be interested in enrolling in boat safety courses (either on-site or online). However, these options may be of little benefit to individuals who are incapable of traveling regularly, who do not have access to the Internet or who simply prefer a traditional, face-to-face class format. 

Health Score:
Great Health
Good Health
Fair Health
Poor Health

Seniors who are limited by certain medical conditions, or who are otherwise unable to participate in regular recreational activity, may find increasingly less value in owning a boat insurance policy. Nonetheless, BoatUS can offerimportant protections for those seniors who can and do choose to continue boating regularly. Most notable among these protections is supplemental medical coverage. Seniors who are injured while onboard their boats can rest assured that their medical bills will be covered by BoatUS.

Although, BoatUS does offer diminishing deductibles, seniors who are concerned about their increased risk for accidents and claims may not reap the benefits of this offering. 


  • BoatUS is dedicated solely to boat insurance coverage.
  • Medical payment coverage is available for all policies. 
  • Claims processing is available 24/7. 
  • Policy holders can sign up for BoatUS membership and receive special coverages and exclusive discounts on products and services from various travel, boating, fishing and fishing-related businesses. 
  •  Many payment methods are available to customers. 
  • Fuel spill liability coverage is included in all policies. 
  • All boats are professionally hauled out in the event of an approaching NOAA Named Storm. 
  • Unlimited towing coverage can be added to any policy for as low as $3/month (actual price dependent on size of the boat and its location).


  • BoatUS does not provide any policies specifically tailored to seniors. 
  • Customers may have to submit to an inspection and new survey if they intend to travel in the Caribbean. 
  • Individuals have to pay an annual membership fee to enjoy specialized services such as unlimited on-water towing.

Bottom Line:

BoatUS has been a nationwide insurance provider to boat owners for at least 50 years. With more than 400 employees, the association provides multiple coverage options to its policy holders. 

BoatUSis not BBB accredited, however, the association’s two insurance underwriting companies each hold top scores from A.M. Best.The National Liability & Fire Insurance Company is rated A++ and GEICO Marine Insurance is rated A+. 

Customers who find value in receiving insurance from boating experts and who can benefit from membership offers will likely be satisfied with BoatUS. 

Frequently Asked Questions:

How much will boat insurance coverage cost?

Ultimately, your premium rate is determined by the policy options you select and your eligibility for discounts. You can receive a personalized quote by completing an online form or by contacting a representative by phone. 

How can I decrease my premium rates?

You can reduce your premium rates with a membership in the U.S. Coast Guard Auxiliary or Power Squadron, by enrolling in boat safety courses, having a good driving record, taking out an insurance policy on more than one boat, or by having GEICO auto insurance. 

What type of coverage am I guaranteed?

All BoatUS policies include 24/7 claims servicing, total coverage for salvage service costs, up to $25,000 in coverage for medical costs not accounted for by medical policies, liability coverage for fuel spills, diminishing deductibles for each year that you record is free of claims, coverage for accidents in which uninsured boaters are at fault, and coverage for 50% (or up to $1,000) of the cost to have your boat professional hauled out in the event of an NOAA Named Storm.

More Information:

Overview: All BoatUS polices include claims servicing available 24/7, coverage for the cost of salvage assistance, up to $25,000 in payment for medical bills, liability coverage for fuel spills and diminishing deductibles. 

Package Details:

Agreed Hull Value, price varies 

The Agreed Hull Value policy is the best comprehensive option for larger boats such as yachts, cruisers, and sport fishing boats(includes coverage for engines and gears). 

  • Provides payment in the amount of the agreed value of your boat (decided in your policy contract) to cover the costs of boats repairs or replacement 
  • Total losses and damaged parts are replaced with completely new equipment
  • Available for every type of boat (does not include personal watercraft)
  • No limits on cruising areas for boats under 40 feet
  • Medical cost coverage up to $10,000/person/incident and up to $25,000 for family members
  • Liability coverage up to $500,000/incident 
  • Coverage for damage caused by fire, explosion or sinking 

Actual Cash Value, price varies 

This policy is ideal for relatively small boats, personal watercraft, and boats that do not have a lien holder. 

  • After a total loss, USBoat provides payment in the amount of the boat’s current market price (could be subject to depreciation) 
  • No cruising limits imposed on boats under 40 feet
  • Up to $5,000/person/incident for on-board injuries and a maximum of $25,000 for family members’ medical costs 
  • Liability coverage up to $500,000/incident 

Liability Only, price varies

Liability only policies are the cheapest policy options offered by BoatUS, and are designed for boats without a lien holder. 

  • No hull coverage
  • Salvage and wreck removal coverage 
  • Coverage for medical payments 

Optional Accessories or Add-on Services

Coverage for watersports activities, fishing gear and personal property, on-water towing, roadside assistance, mechanical breakdown coverage, and unlimited towing membership options.

Additional Company Details

Contract Details: Policies are implemented on an annual basis. You can sign up for a new policy after completing the online quote form, or you can contact a BoatUS representative by phone. Policies may be paid in full or paid in three-month or seven-month installments. 

Accreditations: BoatUS is not BBB accredited. Its underwriting companies, National Liability & Fire Insurance Company and GEICO Marine Insurance Company, are both highly rated by A.M. Best with respective grades of A++ and A+. 

Company Details:Rich Schwartz established the Boat Owners Association of the United States (BoatUS) in 1996. BoatUS provides competitive insurance coverage for a wide variety of boats, and offers other valuable boat-related services. 

The organization is comprised of more than 400 employees and has grown to include over 500,000 membersacross the country. 

In 2015, BoatUS was purchased by GEICO, but the association continues to operate under the same name. 


The BoatUS Marine Insurance Program    
880 South Pickett Street
Alexandria, VA 22304
Tel: 800-283-2883

Shadiecsa Mason - Senior Advisor

Shadiecsa is senior researcher with Grandfolk® providing in-depth product and service reviews to empower senior buying decisions.