Boat & Watercraft Insurance in Greenfield, IN
Whether you’re cruising the local lakes, fishing, or enjoying a day on the water in Greenfield, Fishers, or Noblesville,
boat and watercraft insurance is essential to protect your investment. At Cox Insurance Agency, we offer comprehensive coverage options for boats, jet skis, personal watercraft, and more. With our tailored policies, you can enjoy your time on the water with peace of mind, knowing you're protected from the unexpected.
What Does Boat & Watercraft Insurance Cover?
Boat and watercraft insurance provides coverage for your vessel and water activities, ensuring that you're protected from damages, theft, or accidents. Here’s what it typically includes:
- Liability Coverage: Covers bodily injury and property damage you cause to others while operating your boat or watercraft.
- Collision Coverage: Pays for damage to your boat in the event of a collision with another boat or object.
- Comprehensive Coverage: Covers non-collision incidents such as theft, vandalism, fire, or weather-related damage (like storm or hail damage).
- Medical Payments: Covers medical expenses for you and your passengers in case of an accident on the water.
- Property Damage: Covers damage to other boats or property you may accidentally cause while operating your boat or watercraft.
- Uninsured/Underinsured Watercraft Coverage: Protects you if you're in an accident with an uninsured or underinsured boater.
- Towing and Assistance: Provides coverage for towing services if your boat is stranded or inoperable on the water.
Why Do You Need Boat & Watercraft Insurance?
When you’re on the water, accidents can happen quickly, and damage can be expensive. Having the right insurance helps you avoid financial burdens from accidents, theft, or unforeseen events. Here’s why you need boat and watercraft insurance:
Legal Requirements
While boating insurance isn’t required by law in Indiana, certain waterways or marinas may require insurance to dock or launch your boat.
Protection from Accidents
Whether you’re involved in a collision, your boat sinks, or you’re caught in a storm, boat insurance protects you from costly repairs or replacement.
Liability Protection
If you’re responsible for an accident that causes injury or property damage, liability coverage can help protect you from financial loss.
Peace of Mind
With the right coverage, you can enjoy your time on the water without worrying about the costs of damages or accidents.
How Much Does Boat & Watercraft Insurance Cost?
The cost of boat and watercraft insurance varies depending on several factors, including:
- Type of Watercraft: The size, make, and model of your boat or jet ski will impact your premium.
- Use and Location: If you use your boat frequently or in a high-risk area, your rates may be higher.
- Coverage Options: The more coverage options you add (such as medical payments or towing coverage), the higher your premium will be.

- Your Claims History: If you have a history of accidents or claims, you may face higher premiums.
At Cox Insurance Agency, we’ll help you determine the best coverage options that fit your budget and your watercraft’s needs.
How to File a Boat & Watercraft Insurance Claim
If you're involved in an accident or your boat is damaged, here’s how the claims process typically works:
- Contact Us Immediately: Report the accident or incident to Cox Insurance Agency as soon as possible.
- Provide Details: You’ll need to provide information about the incident, including photos, a police report (if applicable), and details about the damage.
- Inspection and Estimate: An adjuster will assess the damage to your boat or watercraft.
- Repair or Replacement: Once the claim is approved, your insurance company will either help cover the repair costs or provide reimbursement for the loss of your boat.
How to Get Boat & Watercraft Insurance
Getting boat and watercraft insurance through Cox Insurance Agency is simple. We’ll assess your needs, provide a personalized quote, and offer the best coverage options from trusted carriers like Grange, Travelers, and Liberty Mutual. Whether you’re insuring a sailboat, yacht, jet ski, or fishing boat, we’ll help you find the right policy.
FAQ About Boat & Watercraft Insurance
What does boat insurance cover?
Boat insurance typically covers liability, collision, comprehensive damage, medical expenses, and property damage. You can also add extra coverage for towing, personal property, and uninsured boaters.
Do I need boat insurance?
While boat insurance isn’t required by law in Indiana, many marinas and waterway operators require it. It’s also a smart choice to protect your investment and financial security.
Does my home insurance cover my boat?
Homeowners insurance may offer limited coverage for small boats or watercraft while stored at your home, but it doesn’t cover accidents or damage on the water. Boat insurance provides comprehensive protection.
How much boat insurance do I need?
The amount of boat insurance you need depends on the value of your boat, how often you use it, and the coverage options you want. Our team can help you assess your needs and recommend the right coverage for your situation.
How much does boat insurance cost?
The cost of boat insurance varies based on your boat’s size, type, use, and location. Contact us for a personalized quote that fits your boat’s needs and your budget.
Get the Right Boat & Watercraft Insurance Today
Whether you’re out on a boat ride on the weekend or navigating through local lakes, ensure your boat and watercraft are fully protected with the right insurance. Contact Cox Insurance Agency today for a free, no-obligation quote on boat and watercraft insurance. We’ll help you find the coverage you need to enjoy your time on the water with confidence.