A number of factors some in your control and some not can have an impact on your boat insurance rates.

How much is insurance for a charter boat. A charter deposit insurance protects you from the loss of the deposit mostly between 1500 2500. Carrying a high number of passengers over the water is a big responsibility and you must be protected from unforeseen accidents or bodily injury. Most policies allow for 10 to 20 days of coverage per year.

Typically marine PI policies provide 300000 or 500000. All policies are tailored to meet your commercial marine insurance needs. Individual factors will come into play but in general the 15 rule is reasonably accurate for estimation.

Charter boats have special insurance requirements. Charter Boat Insurance Coverage Options May Include. Medical Payments Coverage up to 25000 for clientspassengers.

This is typically called Hull coverage. The private liability insurance most likely doesnt include claims arising from charter holidays. In order to charter a ship ship owners and charterers will most importantly sign an agreement which is called the Charter.

Part-time charter coverage. What Factors Affect Your Boat Insurance Cost. While anyone can take a good guess between these numbers there is a precise way of determining the exact price to insure a boat.

Ad Hall of Fame boat dealer with a full line of Cobalt Boats offering salesservice storage. So a 10000000 boat should have an annual insurance cost of 150000. Charter Boat Insurance Quote.