With the summer season just around the corner, it’s time to start thinking about boat insurance in Delaware. Whether you own a sailboat, a powerboat, or a personal watercraft, the right boat insurance policy can help protect your investment and give you peace of mind when you’re out on the water. 

In this comprehensive guide, we’ll discuss everything you need to know about boat insurance in Delaware, including the requirements, what to look for in an agent, coverage options, costs, and discounts. Read on to learn more. 

Boat Insurance for Delaware Residents  

Boat insurance is a form of liability and property insurance designed to protect boat owners in the event of an accident or other covered event. It can provide coverage for physical damage to your boat, personal injury, and other liabilities.  

In Delaware, boat insurance is not mandatory unless you are taking out a loan to purchase a boat. However, even if you are not required to have boat insurance, it’s still a good idea to get coverage to protect your investment. 

Boat Insurance Requirements in Delaware 

If you are taking out a loan to purchase a boat, you’ll need to have a valid boat insurance policy in place. In Delaware, lenders will typically require at least the state minimum of 25/50/10 liability coverage, which covers up to $10,000 in property damage, $25,000 in bodily injury per person, and $50,000 in bodily injury per accident. They will also require you to hold physical damage coverages as well. Even though this is the minimum set by the state of Delaware, it is advised that you carry improved coverage over this.   

In addition to liability coverage, Delaware boat owners may also want to consider additional physical damage coverage options such as comprehensive coverage, which covers damage to your boat caused by events such as theft, vandalism, and fire; and collision coverage, which covers damage to your boat caused by a collision with another object. 

What to Look for in a Boat Insurance Agent in Delaware 

When shopping for boat insurance in Delaware, it’s important to find an agent who understands boats and the risk of loss with watercraft. Also, look for an agent with a good track record of providing quality service and competitive rates. It’s also a good idea to read reviews from other boat owners or Google reviews to get a better understanding of their experience with an agency. You should also check to see if the agent offers discounts for bundling multiple policies or for taking a boating safety course. Finally, make sure the agent is licensed to do business in Delaware. You can check the Delaware Department of Insurance website for a list of licensed agents or you can simply ask the agent when conversing. 

Choosing the Right Boat Insurance Coverage in Delaware 

When selecting a boat insurance policy, it’s important to consider your needs. Think about the type of boat you own, the activities you plan to do, and the risks you are comfortable taking. 

For example, if you own a sailboat, you may want to consider additional coverage for sailing equipment, such as sails, rigging, and anchors. If you plan to do a lot of fishing, you may want to include coverage for fishing tackle. And if you plan to take your boat out into the open ocean, you may want to include coverage for navigation and communication equipment.  

Boat Insurance Cost in Delaware 

The cost of boat insurance in Delaware can vary depending on the type of boat you own, the coverage you select, and the deductible you choose. In general, the more coverage you select, the higher your premium will be. 

The best way to get an accurate estimate of your boat insurance cost is to get a quote from multiple carriers with an independent insurance agent. Make sure to compare the coverage, deductibles, and prices to ensure you’re getting the best deal. 

Boat Insurance Discounts in Delaware 

Boat insurance companies in Delaware have the potential to offer several discounts to help lower the cost of your premium. For example, many companies offer a discount if you bundle your boat insurance with your home or auto policy. You may also be eligible for a discount if you take a boating safety course or install anti-theft devices on your boat. Be sure to ask an experienced insurance agent for a list of all the discounts available.  

Boat Insurance FAQs in Delaware 

Q: What is the minimum boat insurance requirement in Delaware?  

A: The minimum boat insurance requirement in Delaware is 25/50/10 liability coverage, which covers up to $10,000 in property damage, $25,000 in bodily injury per person, and $50,000 in bodily injury per accident. While this is the absolute minimum, it is highly advised to hold higher limits for better protection. Our agency recommends a minimum of 100/300/100 to adequately protect yourself from loss. 

Q: What is the best boat insurance company in Delaware?  

A: The best boat insurance company in Delaware will depend on your individual needs and budget. It’s a good idea to compare multiple providers to get an accurate estimate of your boat insurance cost. 

Q: Is boat insurance in Delaware expensive?  

A: The cost of boat insurance in Delaware can vary depending on the type of boat you own, the coverage you select, and the deductible you choose. It’s best to get a quote from multiple providers to ensure you’re getting the best deal. 

 

Boat insurance in Delaware is an important investment and advisable security measure for boat owners. It can help protect your boat and your passengers in the event of an accident or other covered event. 

When shopping for boat insurance in Delaware, it’s important to find an agent who understands boats and the optimal way to cover the risk. When looking over provided boat insurance proposals make sure to compare the coverage, deductibles, and offer rates to ensure you’re getting the best deal. 

If you’re looking for the best boat insurance agents in Delaware, look no further than The Staples Agency. We offer competitive rates and personalized service to ensure you get the coverage you need. Call The Staples Agency today to see what your options are and optimize your boat insurance.