Boat Dealership Insurance2021-10-08T11:08:30-04:00

Boat Dealership Insurance

Boat Dealership Insurance

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Save up to 37% with Fearnow Insurance

Any business that sells new or used boats, rents out boats or other watercraft, accepts trades on boats or provides repairs on boats are all considered to be a boat dealer.  Boat dealers need your everyday insurance such as General Liability, Property Damage Insurance, Workers’ Comp, and Business Interruption Insurance.  They also need more specific types of “marine policies” such as Title Errors and Omissions, False Pretenses, Truth-in-Lending, Inventory Coverage, Engine Hours, and Omissions.

General Liability

For a boat dealer, this type of insurance is written to protect the boat dealership against watercraft liability exposures, pollution coverage, employee benefits liability, and employment-related practices liability.  If you feel that the coverage levels are not enough, dealerships are able to purchase “Bumbershoot Liability”, which is a type of Umbrella insurance coverage for incidents that occur on either land or water.

Marine Garage Liability

This provides more specific liability coverage than General Liability policies. Covers against a loss arising out of bodily injury or property damage that was caused by the insured’s premises, operations, work performed or products.

What Our Customers Say:

I requested a Homeowners Insurance quote online and my agent Taunya contacted me and within minutes I had a brand new policy with a nearly 40% decrease in premium from my existing Insurance Company. Taunya was professional, knowledgeable, patient and efficient. She exceeded my expectations and made the process seamless and effortless. I would highly recommend Fearnow Insurance to my friends and family without hesitation! Thank you again for such a wonderful experience:)
Dorothy Aiken
00:11 13 Nov 21
Joe with Fearnow was great. Got us a great rate on auto and home. We are saving just over $100 a month just in our auto from our previous carrier USAA. Everything was done by phone and electronic. Fast service, seamless communication, great value. If you want to save money, highly recommend calling Joe for all your insurance needs!
KB T
17:26 05 Nov 21
I work with Lydia Bobek on my homeowners insurance that had unexpectedly been canceled. She was quick to respond and help me secure a new policy in just a few quick hours. Excellent customer service!
Samson Lewis
21:31 28 Oct 21
Want to talk about jumping through hoops? Joseph Boyle was fantastic in writing my mother's homeowner's policy in what I feel must have been a record time. It was my fault for waiting to the last minute, but he took it by the reins, delivered what I feel are excellent coverages at a fair price, and BAM we were done. Very very happy.
Matt Vance
23:38 18 Oct 21
This is a great insurance agency as they really have the customer's best interest in mind. Michelle saved me from purchasing an unnecessary policy that a company was requiring me to obtain. I can't thank her enough!
Dawn Mangon
00:38 16 Oct 21
We have been buying insurance for 63 years. Joe Boyle is the best agent we have ever dealt with. Joe will work with you to determine what you need and find it for you. When you agree that Joe has found exactly what you want he will take care of everything needed to put your policy in force!!
Carolyn Toebes
18:21 13 Oct 21
Austin Buchanan helped me with my auto, homeowners and life insurance policies. He was knowledgeable, friendly, and efficient. I appreciate how quickly he got back to me with my documents. Thank you for a great experience!
Jenny Lindsey
22:22 09 Oct 21
Awesome experience, Brian helped get a quote and go over and refine what was needed for my business. In less than a week I had coverage.
Nick Cooper
16:13 30 Sep 21
Professional, communicative and actually seem to care about their clients. Michelle was so patient with my malarkey, I owe you an Edible Arrangement, M-Dawg.
Nick Van Nuil
13:35 28 Sep 21
Great service, very responsive, Michelle has been an excellent person to do business with.
Jim Walters
12:35 24 Sep 21

The Fearnow Agency Advantage

  • We work for you, not the insurance carriers, to ensure your claims are processed efficiently and are paid out quickly.
  • Unlike a single-company agency, we have access to over 100 carriers, so we’re never limited in the services we can provide you.
  • We can save you up to 37% in insurance cost, or get better coverage for the same cost.
  • We always provide full disclosure of plan inclusions and exclusions.
  • We offer customized plans tailored specifically to your needs, instead of forcing you into a pre-packaged solution that won’t really work for you.
  • Our agents are continuously training, so they stay the leading experts in their field.

Property Damage Under Boat Dealership Insurance

Property Damage insurance provides protection against damage (e.g. fire, flooding, natural disaster) to buildings or its contents, including employee tools.  It also provides liability coverage for when privately owned boats are in the insured’s care (e.g. for repair) and it covers liability for rented out watercraft.  An extension, Business Interruption insurance, covers the loss of income as a result of the damage.

Inventory Coverage/Open Lot/Dealer’s Blanket

Inventory Coverage expands upon Property Damage insurance by including boats and other watercraft located on the property or at another insured location (such as a storage warehouse) that are owned by or under the care of the boat dealer.

Local & Family Owned

Offices serving the local Tampa, FL and Wilson, NC areas for almost 30 years!

Competitive pricing nationally with world-class customer service!

Title Errors and Omissions

In the event that the insured, the boat dealership, makes an error on the title paperwork that affects the identification of the property, Title E & O insurances provide payment to resolve the issue so that the sale or trade of the boat can be completed.

False Pretenses

Fraud can happen to anyone, including a boat dealership.  False Pretense coverage protects the insured against a loss if they were tricked into completing a trade when the other party did not actually have a proper title or actual ownership to the property they offered in exchange.

Truth-in-Lending Protection

If your boat dealership provides financing for the purchase of inventory, then it is recommended to purchase Truth-in-Lending insurance coverage. The Trut-in-Lending Act is a provision of the Consumer Credit Protection Act and requires lenders to properly disclose certain information to the borrower.  This insurance coverage provides protection for the boat dealership if they fail to comply with the Trut-in-Lending Act through negligence, omission, or error.

Engine Hours Errors and Omissions

This coverage solely protects legal claims regarding a boat’s engine and nothing else.  For example, a claim that is made saying that an error or problem in a boat’s engine caused it to be unable to run as long as it should have been able to.

Protection and Indemnity Coverage

This coverage is for watercraft that are under repair or for sale.  It is designed to provide protection while the watercraft is off-premise, a part of a demonstration of the watercraft’s capabilities while off-premises, and watercraft larger than 26’ in length that are not carrying persons or property for a charge.

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Service Type: Boat Dealership Insurance

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