GEICO Boat Insurance: A Comprehensive Guide for Boat Owners

Embark on worry-free maritime adventures with GEICO Boat Insurance, a comprehensive solution tailored to safeguard your watercraft and elevate your boating experience.

As a leading provider in the insurance industry, GEICO Boat Insurance offers a range of coverage options, ensuring peace of mind for boat owners navigating diverse waterways.

Does GEICO boat insurance cover personal watercraft?

Explore the flexibility of GEICO boat insurance, which extends coverage to personal watercraft like jet skis, wave runners, and sea dogs. Considered boats by GEICO, they qualify for comprehensive coverage, encompassing:

  • Liability Coverage: Shields against bodily injury and property damage during personal watercraft operation.
  • Physical Damage Coverage: Addresses repair or replacement costs for personal watercraft damaged or stolen due to covered perils.
  • Medical Payments Coverage: Covers medical expenses for injuries sustained while operating personal watercraft.
  • Uninsured/Underinsured Boater Coverage: Protects against bodily injury if hit by an inadequately insured boater.
  • Personal Effects Coverage: Safeguards personal belongings like clothing, sunglasses, and cameras carried on the personal watercraft.

Opt for additional features:

  • Emergency Assistance: Includes towing or service during breakdowns, flat tires, dead batteries, or other water emergencies.
  • Mechanical Breakdown Coverage: Deals with repair or replacement expenses for personal watercraft parts affected by normal wear and tear.
  • Total Loss Replacement: Guarantees replacement with a new personal watercraft of the same make and model if declared a total loss within the first five years of ownership.

Can I customize my GEICO boat insurance to cover racing events?

Dive into the world of GEICO boat insurance, where your watercraft—whether it’s a jet ski, wave runner, or sea-doo—receives the same robust coverage as any other boat. GEICO’s boat insurance extends its protective embrace to include:

Liability Coverage: For those unexpected moments on the water where bodily injury or property damage may occur while operating your watercraft.

Physical Damage Coverage: Should your watercraft face the unfortunate events of theft, fire, vandalism, collision, or sinking, GEICO has you covered for repair or replacement costs.

Medical Payments Coverage: Ease your worries about medical expenses for you and your passengers in case of injuries sustained during personal watercraft operations.

Uninsured/Underinsured Boater Coverage: Shield yourself and passengers from bodily injury if involved in an accident with an underinsured or uninsured boater.

Personal Effects Coverage: Safeguard your personal belongings—think clothing, sunglasses, cameras—while they ride along on your watercraft.

But that’s not all; GEICO boat insurance goes the extra mile by offering optional features tailored for your watercraft:

Emergency Assistance: Picture this—breakdowns, flat tires, or dead batteries on the water. GEICO’s got your back with coverage for towing or service during these emergencies.

Mechanical Breakdown Coverage: When the wear and tear take a toll on your personal watercraft’s engine, transmission, or other mechanical parts, GEICO steps in to cover repair or replacement costs.

Total Loss Replacement: Enjoy peace of mind knowing that if your watercraft faces a total loss within the initial five years of ownership, GEICO ensures a replacement with a brand-new one of the same make and model. Dive into worry-free adventures on the water with GEICO Boat Insurance!

An image illustration of GEICO Boat insurance
GEICO Boat Insurance
Credit; GEICO

Obtaining a boat operator’s license with GEICO boat insurance

To operate your boat with GEICO insurance, having a valid boat operator’s license is a must. This license, different from boat registration, confirms your ability to navigate safely.

Each state has specific requirements for obtaining this license, and you can find them on your state’s boating agency website or by contacting them directly.

GEICO encourages safe boating practices by offering a discount on your insurance premium if you complete a boating safety course.

These courses cover essential aspects of responsible boating, and upon completion, you receive a certificate.

GEICO recognizes courses approved by the National Association of State Boating Law Administrators (NASBLA) and earning this certificate not only helps you qualify for a boat operator’s license in your state but also makes you eligible for a discount on your insurance premium, ranging from 5% to 20%.

This initiative aims to promote safe and informed boating practices while providing financial benefits to policyholders.

Navigating GEICO boat insurance claims after a hurricane

While GEICO boat insurance provides substantial coverage, navigating the aftermath of a hurricane reveals certain challenges.

Hurricanes unleash powerful forces—strong winds, heavy rains, high waves, and storm surges—posing a threat to your boat and its contents.

GEICO boat insurance steps in to cover specific aspects of damage or loss after a hurricane, including:

     Covered After a Hurricane:

Physical Damage: Repairs or replaces your boat due to covered perils like fire, theft, vandalism, collision, or sinking.

Uninsured/Underinsured Boater: Shields against bodily injury if hit by an underinsured or uninsured boater.

Personal Effects: Safeguards personal belongings carried on your boat, such as clothing, sunglasses, or cameras.

      Not covered after a Hurricane:

Exclusions: Liability, medical payments, emergency assistance, mechanical breakdown, and total loss replacement are not covered after a hurricane.

Navigating GEICO Boat Insurance Claims Post-Hurricane:

Prepare Your Boat for the Hurricane:

  • Secure your boat in a safe location, remove loose items, and document its condition with photos or videos.

Report Your Claim to GEICO:

  • Post-hurricane, inspect your boat for damage, and promptly report your claim to GEICO online, by phone, or through the mobile app.
  • Provide essential information, including your policy number, contact details, incident date and location, and a description of the damage or loss.

Cooperate with GEICO:

  • Upon claim reporting, GEICO assigns a claims adjuster who will review your claim, verify coverage, and inspect your boat.
  • Cooperate with the adjuster, providing requested documents like receipts, invoices, or repair estimates.

Receive Your Payment:

  • After completing their investigation, the claims adjuster determines your payment based on policy limits, deductibles, and depreciation.
  • GEICO disburses your payment via check, direct deposit, or electronic funds transfer. Utilize the payment for boat repairs, replacement, or covering incurred expenses.

GEICO boat insurance claiming process

Claim Process: Filing a GEICO boat insurance claim is hassle-free through the online portal, phone, or mobile app. Provide personal and boat details, and incident information, and upload photos or videos. GEICO assigns an adjuster for inspection, estimates repair costs, and issues a payment, deducting your deductible.

Claim Status: Monitor your GEICO boat insurance claim status online, via phone, or through the mobile app. Track repair progress, and communicate with your adjuster or repairer for updates or concerns.

Required Documents for Claims: Essential documents for a GEICO boat insurance claim include policy details, named insured information, incident specifics, witness details, and any applicable police report. Provide photos and videos of evidence for a comprehensive claim submission.

Average Claim Approval Time: GEICO’s boat insurance claim approval time averages around 10 days, subject to factors like incident complexity, parties’ cooperation, and documentation quality. Timelines may vary based on individual circumstances and requirements.

Financial details

Premium Costs:

GEICO boat insurance premiums hinge on boat specifics (type, make, model, and value), chosen coverage and deductibles, boat location and storage, usage, and mileage, driving record, and credit score.

The average cost is $276 yearly, notably lower than the national average of $429.

Payment Options:

GEICO offers flexibility in payment frequencies (monthly, quarterly, semi-annually, or annually). Choose to pay in full, go paperless, or enroll in auto-pay. Payment methods include online, phone, mail, or the mobile app.

Discounts and Promotions:

GEICO provides various discounts to reduce premium costs, such as boating safety courses, multi-policy, multi-boat, boat safety features, and boat association discounts. Qualifying for these discounts can yield savings of up to 20%.

Claim Payout Ratio:

The claim payout ratio indicates GEICO’s responsiveness to customer claims. With a claim payout ratio of 67%, GEICO exceeds the industry average of 58%, reflecting a more generous and customer-centric approach to claims processing.

GEICO boat insurance legal and regulatory

  • Licensing Information:
    • GEICO boat insurance is provided by GEICO Marine Insurance Company, a subsidiary of GEICO Corporation.
    • It holds licenses to offer boat insurance in all 50 states and the District of Columbia. You can find specific license numbers and contact details for each state on their website.
  • Regulatory Compliance:
    • Operating under the laws of each state, GEICO boat insurance adheres to regulatory standards. Failure to comply may result in regulatory actions or violations by state authorities.
    • You can review GEICO Marine Insurance Company’s regulatory history for each state on your state insurance department or commissioner’s official website.
  • Privacy Assurance:
    • GEICO Boat Insurance values your privacy and safeguards your personal information. Adhering to GEICO Corporation’s privacy policy, they outline the collection, usage, sharing, and security of your information, along with your rights and choices. The complete privacy policy is available for your review on their website.
  • Terms and Conditions:
    • Your boat insurance policy, governed by a legal contract, sets terms for coverage, premiums, and more. Access it online or via the app.

Contact information

Category Contact Information
Phone Number – GEICO boat insurance: 1-800-841-3005<br/>- General customer service: 1-800-207-7847
Address – GEICO Marine Insurance Company, 5323 Port Royal Road, Springfield, VA 22151
Customer Service – Contact by phone, email, mail, or online. Check the website for specific services. Use the GEICO mobile app for policy management, payments, and claims.
Policy Details – View and manage policies online or through the mobile app. Access ID cards, pay bills, and file claims. Check the website for additional details.
Email Address – Email customer service through the website. Find the local agent’s email on the website.
Fax Number – GEICO boat insurance: 1-800-522-7775 or 1-301-986-2929

– Local agent’s fax number on the website.

Operating Hours – Customer service is available 24/7 by phone. Check the local agent’s operating hours on the website.


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