Colorado Boater

Premier Mountain Insurance can help make your time on the water relaxed and worry-free! We will find you comprehensive protection that protects you, your friends and family, your watercraft and your boating equipment. The average boat costs less than a dollar a day to insure. You’ll enjoy being on the water even more when you aren’t worried about your safety, the safety your passengers, or your investment.

Colorado – Do you know what to look for in a watercraft insurance policy? Premier Mountain Insurance can help you determine the right amount of coverage to meet your specific needs. Contact us today to get started. Here are some items you’ll need to consider when shopping for boat insurance in Colorado

Navigational Area:

Know where you are covered in the water. Some companies, such as Safeco Insurance, offer protection that covers you up to 75 miles from the U.S. coastline; into Canadian coastal or inland waters; and into the Pacific coastal waters of Mexico. In California, Florida and Oregon, additional coverage area can be purchased.

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 you will 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. This 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:

Since boat coverage is not always mandatory, many boaters choose not to get insurance. 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 Premier Mountain Insurance for information. Personal effects coverage does not include jewelry, watches or furs.

Unattached Equipment Coverage:

This 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 etc.

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.

It seems like in Colorado, Summer is just about always around the corner, and that means a lot of people will be taking their boats out of storage and heading for water.  With all the excitement of the first boat outing of the year, don’t forget to secure your boat insurance ahead of time as well as making sure your boat registration is up-to-date.

Boating and other water sports are great ways to enjoy the excellent summer weather we have in Colorado.  If you’re looking for the top Colorado boating lakes, we’ve compiled a list of some of our favorites here.

And, if you’re fortunate enough to own a boat, we can offer a wide range of insurance coverage to make sure you’re protected if something goes wrong.

For starters, you’ll want to make sure you have boat insurance to cover damage to your boat and any liability for injuring someone or damaging their property. That’s basic.

With our Plus and Elite boat insurance plans, we also offer Total Loss Replacement. In the event of a total loss, this coverage pays the amount of insurance shown on your Declarations Page. If you replace your boat with a new one of like kind and quality within 365 days of the loss and the replacement cost exceeds the amount of your insurance, we’ll pay you the amount spent for the replacement — up to 120 percent of the amount of your policy.

Water sports are fun. But they can also be dangerous. So, we recommend boat liability coverage for watersports such as skiing, tubing and wakeboarding.  Many boat owners are shocked to learn that your boat insurance liability might exclude bodily injury from water sports.

We offer diminishing deductibles on many of our boat insurance policies. With this coverage, we’ll reduce any applicable deductible by 25 percent for each consecutive year a watercraft has been insured without a loss.

We can also cover your liability from gasoline spills and offer extended pollution liability coverage. With extended pollution liability coverage, we will pay up to the statutory limit as specified in the Oil Pollution Act of 1990 in addition to the limit of personal liability coverage you’ve purchased.

Many boats depreciate over time. With Agreed Value Settlement coverage, we will pay you a set dollar amount in the event of a total loss.

We also offer coverage for your boat trailer and Wreck Removal Coverage, which pays the cost to recover or dispose of the wreck of your watercraft up to your liability limits.

And we offer several discounts: Five to 20 percent taking a boat safety course; 10 percent for paying in full up front; eight to 16 percent for having multiple policies with us; 10 to 15 percent for owners of multiple boats; seven percent for boat owners over 55. And we offer storage discounts for boats in storage more than three months a year — which includes virtually every boat in Colorado.