Insurance for collector boats

Hagerty is the world's leading provider of agreed value classic boat insurance. We’ll give your customers peace of mind that their boats are protected so they can enjoy the open water without worry.

What we insure

Hagerty provides insurance for many different types of boats, ranging from wooden boats to classic fibreglass boats. So, how do you know if your customer's boat qualifies for coverage through Hagerty?

Fibreglass boats

Hagerty offers a program for high-quality "classic" fibreglass boats for model years 12 or older, a minimum of 18' and a minimum value of $10,000 and speeds of less than 50 KPH. The most collectible fibreglass boats are from the '50s and '60s.

Wooden boats

Hagerty will insure nearly any type of wooden boat that is maintained and in good to excellent condition. High-quality manufactured reproductions of classic wooden boat designs are welcome and home-built or kit boats may be eligible with additional documentation. Minimum $2,500 value.

Runabouts

Typically range in size from 14' to 26' with an enclosed top deck and individual cockpits for seating. A minimum $2,500 hull value is required.

Utilities

Typically range in size from 12' to 30' and are characterized by a large open interior. A minimum $2,500 hull value is required.

Launches

Typically range in length from 16' to 30', with a narrow, open configuration that can seat several passengers. Early versions were powered by steam, later by gas.

Cruisers

Typically range from 26' on up and include a head (bathroom), galley (kitchen) and can accommodate overnight stays. Cruisers made of fibreglass, wood, steel or aluminum are eligible. A minimum $10,000 hull value is required. A professional, out of water marine survey less than one year old is required.

Sailboats

Typically range from 12' open "day sailers" to much larger vessels with full cabin facilities. Club racing is allowed. Sailboats made of fibreglass or wood are eligible. Sailboats with full cabin facilities require a minimum hull value of $10,000 and a professional, out of water marine survey less than one year old.

Canoes and kayaks

Classified as non-motorized and usually built from kits, Hagerty is able to insure canoes and kayaks. Minimum premium applies.

Other hull materials

Select examples of other hull materials such as steel or aluminum may also be considered.

Program features

Agreed value

If your customers suffer a covered total loss, they receive the full agreed value the boat is insured for*.

Low premiums

We provide your customers with coverage geared specifically to classic boats and the way they use them.

Club discounts

Members of most established collector boat clubs enjoy a discount.

Unlimited pleasure usage

We want your customers to enjoy their boats, so we provide coverage for U.S. and Canadian Territorial Waters.

Claims service

You and your customers receive personal and direct service by people who know classic boats.

Unlimited land transportation

Wherever your customers' boats go, Hagerty goes with them.

Restoration coverage

Whether your customer is restoring the craft himself or using a professional facility, the Hagerty Port Risk policy can assure coverage for fire, theft, vandalism and overland transportation.

Ineligible risks

• Jetskis
• Boats with exposed engines
• Houseboats
• Pontoon boats
• Boats with speeds exceeding 50 KPH
• Liability only
• Charter use
• Commercial use
• Boats held for sale
• Corporate ownership

Owner qualifications

Boating experience

Hagerty requires that the owner have a minimum of three years operating experience with a boat of comparable size and type.

Prior boating losses

Not more than one prior boating loss in three years.

Automobile driving record

All operators must have five or more years of driving experience and not more than two minor violations in three years; no major violations in five years.

Partnerships

Limited to a maximum of two owners. It is permissible to write coverage in the name of an LLC or DBA provided: it is a personal entity for tax purposes; the insured is the principal operator; and the boat is used only for private pleasure purposes.

Live-aboards

If Hagerty does accommodate a live-aboard situation, the owner must have a minimum of five years of experience living aboard another boat of similar size and type.

Absentee owners

For vessels kept afloat, the policy address must be within the same province or 150 miles of the boat location address.

Administrative requirements

Photos

Current, good quality and clear photographs are required for all boats. Photos should include all sides of the boat, the interior and the engine.

Application

Hagerty will provide you with an application that must be completed and signed by both you and your customer.

Appraisal

Only required for boats where the requested value is out of sync with current market value.

Payments

Hagerty accepts all major credit card payments over the phone.