Boat Insurance in Maryland: Setting Sail Securely

Maryland’s vast waterways beckon boaters of all stripes, from kayakers exploring hidden coves to yacht owners cruising the Chesapeake Bay. But before you cast off, consider an essential piece of equipment for your vessel: boat insurance.

Is Boat Insurance Required in Maryland?

Unlike car insurance, boat insurance is not mandated by Maryland law. However, it’s a wise investment for several reasons:

  • Financial Protection: Accidents happen on the water, and repairs for damaged boats or injuries to others can be expensive. Insurance helps offset these costs.
  • Marina Requirements: Many marinas and docking facilities require proof of insurance for liability coverage.
  • Loan Requirements: If you financed your boat, your lender will likely require insurance as a condition of the loan.

Understanding Maryland Boat Insurance Policies

Boat insurance policies in Maryland generally fall into two categories:

  • Coverage on a homeowner’s policy: Some policies extend limited coverage to smaller boats (typically under 26 feet for sailboats and under 25 horsepower for outboard motors). However, these limitations may not be enough for your needs.
  • Dedicated boat insurance policy: This offers more comprehensive coverage for various sized vessels.

Key Components of a Boat Insurance Policy

Here’s a breakdown of the typical coverages offered in a Maryland boat insurance policy:

  • Liability Coverage: This protects you if you’re found legally responsible for injuries or property damage to others while operating your boat.
  • Medical Payments Coverage: This pays for medical expenses incurred by you, your passengers, or even people you’re towing (like water skiers) in case of an accident, regardless of fault.
  • Physical Damage Coverage: This covers repairs or replacements for your boat, motor, trailer, and permanently attached equipment due to covered events like theft, vandalism, collision, or weather damage.
  • Uninsured/Underinsured Boater Coverage: This protects you if you’re in an accident caused by a boater without insurance or with insufficient coverage.

Factors Affecting Your Boat Insurance Premium

Several factors influence your boat insurance premium in Maryland, including:

  • Type and value of your boat
  • Your boating experience and safety record
  • Where and how often you use your boat
  • Coverage limits you choose
  • Deductible amount (the portion you pay before insurance kicks in)

Shopping for Boat Insurance in Maryland

With various insurers offering boat coverage in Maryland, it’s wise to shop around to find the best deal. Here are some tips:

  • Get quotes from multiple insurance companies.
  • Consider bundling your boat insurance with your homeowner’s or auto insurance for potential discounts.
  • Ask about discounts for safety features like fire extinguishers and VHF radios.
  • Be truthful and upfront about your boat’s usage and your experience level.
  • Don’t be afraid to negotiate for a better rate.

Beyond the Basics: Additional Considerations

  • Towing and Assistance: Consider adding towing coverage for emergencies on the water.
  • Pollution Liability: This covers cleanup costs if your boat spills fuel or other pollutants.
  • Agreed Value vs. Actual Cash Value: Agreed value coverage pays a predetermined amount in case of a total loss, while actual cash value considers depreciation.


Boat insurance in Maryland provides peace of mind, allowing you to navigate the state’s beautiful waterways with confidence. By understanding your coverage options and shopping around, you can secure a policy that protects your investment and safeguards your financial wellbeing. So, before you set sail, ensure you have the right insurance on board for a smooth and secure boating experience.

Happy Boating!

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Read Boat Insurance in New Jersey: Setting Sail with Confidence until we meet in the next article. 

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