What to consider when shopping for watercraft insurance policy

Loss Valuation

Policy coverages that address the amount the insurance company will indemnify the policy holder in the event of a total loss:

Total Loss Replacement

Agreed value policies

Actual cash value


Provides coverage to other boaters and boat owners in the event you are at-fault for an accident. It 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.

Medical Payments

This coverage pays for the cost of medical care from injuries sustained while operating your boat.

Physical Damage

Coverage that pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer, if stolen or damaged.

Uninsured Watercraft Bodily Injury

Boat coverage is not always mandatory, so many choose not to get insurance. If you’re hit and injured by an uninsured/ underinsured boater, this pays for medical treatment, lost wages, and other costs.

Fuel Spill Liability & 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 owner you are required by law to have this cleaned up, which can be time consuming and expensive.

Personal Effects

Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment.

Unattached Equipment Coverage

This pays to repair or replace equipment that isn’t permanently attached to your watercraft, but is designed for use primarily on a boat. This includes items such as lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps, etc.

Emergency Assistance

The Emergency Assistance Package provides coverage for towing, labor and delivery of gas, oil or loaned battery if the watercraft is disabled while on the water.

Protect your motor home, travel trailer,
camper, even your horse trailer

Liability coverage provides you with bodily injury and property damage coverage, medical payments, uninsured coverage and more. Coverage varies by state.

You may be able to choose how your Comprehensive and Collision coverage will be settled in the event of a covered total loss. Options can include:

  • Stated Value — market value/actual cash value of the RV
  • Agreed Value — the insured amount, regardless of the
    current market value
  • Replacement Cost — we will replace your insured RV with a
    new RV that is most like it

Consider Vacation Liability coverage for when you stop driving and start using your recreational vehicle as a temporary residence. Some policies can include additional coverage for physical damage in Mexico.

Personal Effect Coverage provides replacement cost for damage or loss to items normally used with your RV when physical damage coverage is selected.

Some policies include Roadside Assistance, which has you covered 24/7 in the event of a breakdown or accident. Some will even allow you to upgrade the coverage to include lodging, transportation and meal coverage if needed.

Additional coverage can include: accident forgiveness, pet coverage, diminishing deductible, and more.

About Us

At Kraft Insurance we’ll work with you to understand your unique insurance needs. We’ll follow up with many fine insurance providers to deliver high-quality, affordable insurance options tailored to deliver the value and coverage you’re seeking.


General inquiries:
[email protected]