https://completemarkets.com/company/siuins/watercraft-insurance/
Navigate to better rates with SIU's Watercraft Insurance product!
Overview — Southern Insurance Underwriters, Inc. Watercraft Insurance
Southern Insurance Underwriters, Inc. (SIU) offers a specialized Watercraft Insurance program for agents looking to place both personal and commercial marine risks. SIU operates as a managing general agency with access to multiple markets and underwriting expertise that spans from personal watercraft and pleasure boats to commercial vessels and ocean cargo. Coverage features include agreed-value and replacement-cost options, broad navigational territories for most boat types, and specialized endorsements such as professional angler coverage and wreck removal.
Ideal Accounts and Appetite
Personal watercraft: jet skis, airboats, houseboats (no ocean navigation for small craft), performance boats up to 26'.
Yachts: vessels 26' and over including high-performance hulls, catamarans and vee hulls (high-performance hulls capable of speeds up to 120 mph are considered).
Commercial classes: charter boats, rental operations, marinas, boat dealers, ocean cargo, marine artisan contractors, tours & excursions, passenger and non-passenger commercial vessels, schools, special events, commercial captains, and water sport operations.
Non-owned watercraft exposures and professional angler operations.
Coverage Highlights and Advantages
Settlement options: Replacement cost, agreed value, and ACV where appropriate.
Liability limits: Personal accounts may qualify for higher limits; commercial coverage limits available up to $10,000,000 (Florida: up to $5,000,000) depending on the risk.
Broad navigational territories for most boat types and limited or no lay-up restrictions (Florida exceptions apply).
Included or available coverages: water sport liability, wreck removal, protection & recovery in addition to watercraft & equipment limits, coverage for non-owned watercraft, and other marine endorsements tailored to the operation.
Underwriting flexibility for high-performance boats and unique hull types (e.g., catamarans).
Underwriting Notes
States actively written: AL, FL, GA, NC, SC, VA.
SIU evaluates risks across a wide range of classes but maintains specific restrictions (for example, small boats up to 26' may not be eligible for ocean navigation).
High-performance vessels and unique hulls are considered with supporting loss history, maintenance records, and experience of operator/crew.
Minimum premium and final terms vary by risk and market availability; submit complete applications and current loss runs for accurate placement.
Carriers and admitted/non-admitted status vary by state and risk — SIU places business in the most appropriate market for coverage and pricing. (Admitted options are available in many territories; non-admitted placements may be used when necessary.)
Territories and Availability
The program is available in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia. Availability and specific endorsements differ by state — agents should confirm state-specific terms and admitted versus non-admitted market options at time of submission.
Why Work With Southern Insurance Underwriters, Inc. on Watercraft Business
Specialized marine underwriting: SIU focuses on watercraft risks and offers tailored underwriting for both personal and commercial exposures.
Market access: As an MGA, SIU can place a wide variety of marine accounts with multiple carriers when available.
Flexible coverages: Options for agreed value, replacement cost, high liability limits, and niche endorsements help you craft competitive proposals for clients.
Support for hard-to-place risks: high-performance yachts, charter operations, and commercial marine classes that need broad navigational territories or specialized liability protection.
Example accounts that fit this program
A coastal charter operator in Georgia seeking a marina package and liability limits with broad navigational territory for day cruises and fishing charters.
A Florida owner of a 30' performance yacht who wants agreed-value settlement, water sport liability, and higher liability limits for occasional passenger cruising.
Underwriting & Submission Tips
Include current loss runs, photos of the vessel, hours on the engine(s), operator qualifications/captain resume (for commercial accounts) and maintenance records for high-performance hulls.
Clearly describe navigational territory, intended use (pleasure, rental, charter, commercial), crew experience and any special operations (fishing tournaments, tours, rentals).
Because markets and minimum premiums vary, provide full exposure details so SIU can evaluate admitted and non-admitted options and recommend appropriate limits and endorsements.
Frequently Asked Questions
What types of watercraft are eligible through SIU’s Watercraft Insurance program?SIU writes a broad range of watercraft: personal watercraft and boats up to 26' (including jet skis, airboats and houseboats), yachts 26' and over (including high-performance hulls and catamarans), and many commercial classes such as charter boats, rentals, marinas, ocean cargo and marine contractors. Certain ocean navigation limitations apply for smaller craft.
Which states are accepted and how does admitted vs. non-admitted placement work?The program is available in AL, FL, GA, NC, SC and VA. SIU places risks in the most appropriate market; admitted options exist in many territories, and non-admitted placements may be used when necessary based on risk characteristics and coverage needs.
What submission information speeds an underwriter decision?Provide a completed application, current loss runs, vessel photos, engine hours, operator qualifications or captain resumes for commercial accounts, and a clear description of navigational territory and intended use. Complete submissions lead to faster and more accurate terms.
Are high-performance boats and racing hulls considered?Yes — high-performance hulls (including catamarans and vee hulls) and boats capable of higher speeds are considered, but underwriters typically require additional information such as maintenance history, operator experience, and past loss history.
Need help placing an account? Connect with a market specialist.
https://completemarkets.com/company/globalmarineinsurance/Boat-and-Yacht-Insurance/
At Global Marine Insurance, boats and yachts are our sole focus. We specialize exclusively in marine insurance and provide tailored coverage solutions for a wide range of vessels, from small boats and cruisers to sailboats, sport fishers, motor yachts, and luxury yachts. Whether your client uses their vessel for weekend getaways, full-time cruising, or tournament fishing, we can customize a policy that fits their lifestyle and risk exposure.
As a general agency licensed in all 50 states, we partner with top-rated carriers including ACE, AIG, American Reliable, Geico, Markel, Progressive, and Travelers. All of our markets are A-rated or better, giving you access to quality coverage options for both admitted and non-admitted placements depending on the specific risk and state requirements.
Ideal Accounts and Appetite
Our program is designed for a variety of personal and commercial marine risks. Ideal accounts include:
Recreational boat owners with vessels valued at $25,000 and up
High-value yachts and performance boats
Liveaboard vessels or boats used seasonally in multiple states
Clients requiring specialized navigation territories (e.g., Bahamas, Gulf Coast, Great Lakes)
You might have a client who just purchased a $300,000 motor yacht and plans to cruise from Florida to the Carolinas seasonally—our program is built for exactly that type of risk.
Coverage Highlights and Advantages
Coverage is tailored to each boat and lifestyle, with options that may include:
Agreed value or actual cash value hull coverage
Liability protection including pollution and wreck removal
Personal effects and emergency towing
Uninsured/underinsured boater protection
Flexible navigation limits and lay-up options
We understand the nuances of marine insurance and help agents navigate the underwriting process swiftly and efficiently.
Underwriting Notes and Minimum Premiums
The minimum premium starts at $100, making this program accessible for entry-level boat owners while still offering robust solutions for high-value yacht portfolios. There are no sign-up fees and no minimum production requirements for agents.
Appointment forms are available through our agent portal at www.quotecommand.com. We're here to help you write and retain marine business with confidence.
Territories and Availability
We are licensed and actively writing in all 50 states, including coastal and inland markets. Whether your client is based in Florida, California, the Great Lakes region, or anywhere in between, we have a solution that fits.
Why Work With Global Marine Insurance
With decades of marine-only experience, Global Marine Insurance offers unmatched expertise in this niche. Our dedicated team understands the unique risks your boat and yacht clients face and has the carrier relationships to deliver competitive, reliable solutions. From quoting to servicing, we make it easy for agents to grow and support their marine insurance book.
If you have any questions or would like to speak with a member of our sales team, call us toll-free at (800) 748-0224 or visit us online at globalmarineinsurance.com.
Frequently Asked Questions
What types of accounts are a good fit for this program?This program is ideal for personal and commercial clients with recreational boats, cruisers, sailboats, sport fishers, motor yachts, and luxury yachts. High-value vessels and clients with complex navigation needs are also a great fit.
Is there a minimum premium requirement?Yes, the minimum premium starts at $100, making it accessible for smaller boats while still supporting larger vessels with more complex coverage needs.
Do I need to meet production requirements to access this program?No, there are no minimum production requirements or sign-up fees to work with Global Marine Insurance.
Which states is this program available in?The program is available in all 50 states, including coastal regions, inland waterways, and Great Lakes territories.
What carriers does Global Marine Insurance work with?We offer access to A-rated carriers including ACE, AIG, American Reliable, Geico, Markel, Progressive, and Travelers.
Need help placing an account? Connect with a market specialist.
https://completemarkets.com/company/continental-risk-continental-marine-insurance-services/boat-dealer-insurance/
Boat Dealer Insurance Program from Continental Risk / Continental Marine Insurance Services
Continental Risk / Continental Marine Insurance Services offers a Boat Dealer Insurance program built for marine dealers who sell, service, store, or transport boats, motors, and related equipment. Combining Ocean Marine expertise with Property & Casualty capabilities, Continental Risk packages dealer-specific protections into a streamlined portfolio so independent agents and brokers can place accounts with confidence.
Ideal Accounts and Appetite
This program is a fit for a broad range of marine dealers, including:
Boat dealers with new and/or used inventory
Dealerships that provide sales, repair, maintenance, or demonstration services
Operations that transport boats for shows, deliveries, or customer locations
Appetite ranges from small independent dealers to larger multi-location marine retailers. The program is designed to handle typical dealer exposures such as inventory while held for sale, boats in transit, on exhibition, or used for on-water demonstrations and test rides. Accounts that regularly move boats across state lines or that provide afloat demonstrations are eligible, subject to underwriting review. Risks with unusual sporting charters, high-hazard modifications, or significant uninsured operations should be discussed with underwriting prior to submission.
Coverage Highlights and Advantages
Physical protection for boats, outboard/inboard motors, and accessories held for sale
Coverage for boats while in transit, on exhibition, or being demonstrated — including while afloat
Liability coverage for loss of life, bodily injury, and third-party property damage
Legal defense, court costs, and wreck removal where required by law
Optional or bundled coverages: Property, General Liability, Business Auto, Equipment, Work Boats, Excess/Bumbershoot liability, Jones Act exposure, and Marine Workers’ Compensation in select states
This program’s integration of Ocean Marine and P&C lines helps reduce gaps that can occur when those exposures are placed separately. That makes it easier for you to present a coordinated package to your dealer clients.
Underwriting Notes and Minimum Premiums
Continental Risk underwrites accounts on a case-by-case basis. Submissions should include a detailed description of business operations, locations, inventory values, transportation practices, exposure to on-water demonstrations, and loss history. The program’s minimum premium starts at $1,500; final pricing depends on underwriting, limits, deductibles, and the specific mix of coverages requested.
Typical factors that affect acceptability and pricing:
Value and type of inventory (new vs. used, high-value specialty craft)
Amount and frequency of on-water demonstrations or test rides
Transport methods and distance (local deliveries vs. interstate movement)
Garage/repair operations and customer slip or dock exposures
Territories and Availability
The Boat Dealer Insurance program is available in most U.S. states, including 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, and WY. Admitted placements are available in most states; Continental Risk can also place non-admitted coverage where appropriate through multiple carrier options.
Why Work With Continental Risk / Continental Marine Insurance Services
As a wholesale broker focused on marine exposures, Continental Risk brings specialized underwriting knowledge and access to multiple carriers that understand dealer operations. Their combined Ocean Marine and P&C capabilities let you present coordinated solutions that address afloat, transit, inventory, and liability risks in one package. That reduces placement complexity and helps protect your clients from coverage gaps.
Example scenarios that fit this program:
You have a dealership that offers on-water test rides and transports demo boats to shows — this program covers demonstrations, transit, and showroom inventory in a single submission.
You represent a multi-location dealer with repair operations and customer slip exposures — Continental Risk can bundle Property, General Liability, Business Auto, and marine-specific protections to match the account.
If you need more information or want to submit a risk, contact Jeana at
[email protected] or call 866-699-27477.
Visit: www.continentalmarineins.com
Frequently Asked Questions
What types of accounts are a good fit for this Boat Dealer Insurance program?Ideal accounts include marine dealerships that sell, service, or transport boats, motors, and accessories—especially those involved in demonstrations, exhibitions, or on-water test rides.
Is coverage available for boats in transit or being demonstrated?Yes. The program extends coverage to boats while in transit, on exhibition, or being used for demonstration purposes, including while afloat.
Can I bundle other coverages with the Boat Dealer Insurance?Yes. The program offers a complete package that may include Property, General Liability, Business Auto, Equipment, Work Boats, Bumbershoot, and Marine Workers' Compensation (in select states).
What is the minimum premium for this program?The minimum premium starts at $1,500, with final pricing subject to underwriting and the specific limits and coverages requested.
Which states is this program available in?The program is available in most U.S. states, including CA, FL, TX, NY, and many others. Admitted status applies in most available states.
Need help placing an account? Connect with a market specialist.