Insurance for Boat Owners, Renters, and Rental Businesses
Prime Insurance Company offers a comprehensive Boat Insurance program tailored for hard-to-place risks and specialty exposures that traditional carriers may decline. Whether your client owns a personal vessel, rents boats for leisure, or operates a boat rental business, this program provides flexible, non-admitted solutions designed to meet unique coverage needs.
This program is especially valuable for accounts with prior claims, unusual watercraft types, or high liability exposure. Prime is known for insuring risks that fall outside the box, and their underwriting approach is responsive and solution-oriented. If standard markets have turned your client away, Prime may be the answer.
Ideal Accounts and Target Classes
You can place a wide range of personal and commercial boat risks through this program, including:
- Speedboats, pontoon boats, fishing boats, houseboats, yachts, banana boats, and tiki boats
- Kayaks, canoes, and paddle boats
- Jet skis, hydroflying equipment, and personal watercraft
- Rental boats and rental personal watercraft
This program is ideal for clients who operate rental fleets, provide guided water tours, or own high-performance or custom-built vessels. You might have a client running a seasonal tiki boat cruise business or a property owner offering paddleboat rentals at a lake resort—these are the kinds of risks Prime is equipped to underwrite.
Coverage Highlights and Advantages
Prime Insurance Company offers flexible and customizable boat insurance coverage, including:
- Liability coverage for bodily injury, property damage, and third-party claims
- Specialty liability for rental operations and business exposures
- Hull and physical damage coverage
- Coverage available even if declined by prior carriers
- Options for high-risk or prior-loss accounts
With over 12 million registered personal watercraft in the U.S., boating accidents are common and often result in costly litigation. This program helps protect your clients from financial harm caused by injury claims, property damage, and legal expenses.
Underwriting Notes
As a non-admitted program, this offering allows for more flexibility and customization than admitted markets. Prime evaluates each risk individually and can often provide terms where others cannot. There is no published minimum premium, but submissions should be complete and include details on the type of vessel, usage, prior losses, and any business operations involved.
Available States
The Boat Insurance program is available in nearly all U.S. states, including but not limited to: CA, FL, TX, NY, and WA. Full availability includes AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Why Work With Prime Insurance Company?
Prime Insurance Company is a trusted Managing General Agency with a reputation for insuring unique and hard-to-place risks. Agents benefit from in-house underwriting, fast turnaround times, and a willingness to find solutions for non-standard exposures. If your client has been denied coverage elsewhere or needs tailored liability protection for boat-related risks, Prime’s program gives you a viable path forward.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for personal and commercial boat owners, rental operations, water tour companies, and clients with non-standard or high-risk watercraft.
Can Prime offer coverage if my client has been declined elsewhere?
Yes. Prime specializes in risks that traditional carriers often decline, including accounts with prior losses or unusual exposures.
Is this program available for boat rental businesses?
Yes. The program includes liability and property coverage options for rental boats and personal watercraft businesses.
What types of watercraft are eligible?
Eligible watercraft include speedboats, yachts, pontoon boats, jet skis, kayaks, canoes, paddle boats, tiki boats, and more.
In which states is this program available?
The program is available in most U.S. states, including CA, FL, TX, NY, and many others. Check with Prime for full state availability.
Need help placing an account? Connect with a market specialist.