Boat Insurance

Fortune Insurance will help make your time on the water relaxed and worry-free! We offer comprehensive coverage that protects you, your friends and family, your watercraft, and your boating equipment. You’ll enjoy being on the water even more when you aren’t worried about your investment.

Do you know what to look for in a watercraft insurance policy?

Fortune Insurance can help you determine the right amount of coverage to meet your specific needs. Give us a call today at 636-464-1331 to get started. Here are some items you’ll need to consider when shopping for boat insurance in Missouri and Illinois:

Agreed Value Coverage:

Watercrafts depreciate just like automobiles. Actual cash value policies can make it difficult to replace a boat that’s been stolen or destroyed. This means that if your boat is a total loss, Fortune will ensure you get the value you insured it for, minus any deductible.


Like car insurance, personal liability coverage provides coverage to other boaters and boat owners in the event you are at-fault for an accident on the water. Liability coverage will pay to repair or replace the property of someone else, as well as for their medical care, lost wages, and other costs incurred as a result of a boating accident for which you are at-fault.

Medical Payments

Medical payments coverage will pay for the cost of needed care that is the result of a boating accident. This coverage is available from $500 to $10,000 and covers you, your passengers, and even your water skiers/tubers, regardless of who is at-fault.

Physical Damage Coverage

Physical damage coverage pays for the cost to repair or replace your watercraft, its motor, any permanently attached equipment, and your trailer, if it is stolen or damaged.

Uninsured/Underinsured Watercraft Bodily Injury

Many boaters choose not to get insurance, since boat coverage is often not mandatory. If you are hit by an uninsured or underinsured boater, and you are injured, this type of coverage pays for medical treatment, lost wages, and other costs associated with the accident.

Fuel Spill Liability and Wreckage Removal

Should your boat sink or be seriously damaged, there is a chance that it could leak oil or fuel into the water. As the boat’s owner you are required by law to have this cleaned up, which can be time consuming and expensive.

Personal Effects

Your policy can provide coverage for many personal effects, including clothing, jewelry, cell phones, scuba/snorkeling and other sporting equipment, and fishing equipment. Limits vary by state – check with Fortune for information. Personal effects coverage does not include jewelry, watches, or furs.

Unattached Equipment Coverage

Unattached equipment coverage pays to repair or replace equipment that isn’t permanently attached to your boat or personal watercraft, but is designed for use primarily on a boat. This includes items like lifesaving equipment, water skis, anchors, oars, fire extinguishers, tarps.

Emergency Assistance

The Emergency assistance package provides coverage for towing, labor and delivery of gas, oil, or loaned battery if the watercraft is disabled while on the water.

Every individual’s needs are unique – Contact us to find out how to get the best boat and watercraft insurance coverage for you.

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