Most boat insurance companies provide coverage for private pleasure use only. If you carry passengers for a fee or collect any type of fee for the use of your vessel, you would be in violation of the use clause.

Some markets that provide coverage for pleasure use have an endorsement that will allow occasional charter coverage. If you use your boat as a full time charter boat, you will need to get a charter boat insurance policy.

Using your boat to entertain clients does not normally violate the Pleasure Use. Most companies also do not consider the collecting of a prize from a fishing tournament to violate the Pleasure Use but there are some companies that do not allow the collection of prizes.

Most boat insurance policies excluded racing or speed test unless the vessel is a sailboat. Sailboats are normally allowed coverage for local club racing.

Review our in-depth Boat Insurance Guide.

See our side by side comparison of the programs represented by United Marine.