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Speed Boat Insurance

Insurance for speed boats tends to be more expensive than the majority of similarly priced vessels as owners predominantly purchase speed boats for one reason- to travel very fast across the water.

Image of speed boat on water

This greatly increases the risk of an accident and thus insurance is likely to be more expensive.

Additional cover for toys (such as bananas and donuts) and waterskiing is available for speedboats.

Cover for toys, such as donuts and bananas works out more expensive to insure because the person being towed has little or no control over their direction (unlike waterskiers) thus it is much more likely that a collision will occur with another vessel/person or a pontoon/jetty.