Insurance for Boat Salvage Yards
Specialty liability insurance solutions tailored to your needs.
Get StartedBoat salvage operations face distinctive challenges. Make sure you're equipped with coverage beyond what standard insurance can offer.
XINSURANCE fills the gaps by offering broader and better insurance coverage solutions that traditional policies often overlook, ensuring you’re fully protected.
The Importance of Insurance Boat Salvage Yards
Boat salvage yards have unique risks that result in the need for liability insurance. The market is becoming increasingly difficult to find insurance for boat salvage yards with insurance companies dropping coverage, canceling policies, or rejecting these salvage yards entirely.
Fortunately, XINSURANCE can provide insurance solutions for boat salvage yards and boat junkyards. Even if your business has a claims history or has been canceled or denied by another insurance company, we can help. If you already have an insurance policy for the boat salvage yard, we can fill the gaps and cover the exclusions that are leaving you exposed to liability. Keep reading to learn more about insurance for boat salvage yards or begin the quote process now!
Who We Can Help
- Boat Salvage Yards
- Boat Junkyards
- Marine Parts Dealers
- Salvage Operators
- Marine Scrap Processors
- Boat Repair Shops
- Used Boat Dealerships
- And More!
Insurance Coverages Available for Boat Salvage Yards
Commercial General Liability
Provides coverage for injuries and property damage sustained by third parties.
Garage Keepers Direct Primary (GKDP)
Physical damage coverage for customer’s boats in the insured’s care, custody, and control – without regard to being legally liable.
Garage Keepers Legal Liability (GKLL)
Physical damage coverage for customer’s boats in the insured’s care, custody, and control.
TRU Umbrella
Additional coverage to fill the gaps and cover the exclusions in your existing policy. Learn more.
Commercial Auto*
Provides auto liability coverage for your company-owned or personally-owned vehicle primarily used for business purposes. Learn more.
*Available in most states
Dealers Open Lot (DOL)
Covers physical damage to inventory held for sale. Covers named perils and collision only but we can add extreme weather coverage. This coverage like the GKLL extends to collision coverage while being driven if the vehicle is being operated under a scheduled dealer plate.
Bailee Coverage
Covers physical damage while loading and unloading others’ property.
Hired & Non-Owned Auto*
Covers expenses for third-party property damage and bodily injury when an accident occurs with a vehicle, used for business purposes, that isn’t owned by the company.
*Available in most states
Motor Truck Cargo
Covers physical damage while transporting goods.
Alleged Assault and Battery Liability
Coverage for claims against you regarding assault and/or battery.
Alleged Sexual Abuse and Molestation Liability
Coverage for claims against you regarding sexual abuse and/or molestation.
Animal Liability
Provides coverage for third-party bodily injury and property damage caused by an animal that you own, such as a guard dog. Learn more.
Communicable Disease Liability
This is a policy enhancement that provides coverage for negligent exposure to any Declared Pandemic Disease or Pathogen, including COVID-19. Learn more.
Directors and Officers (D&O) Liability
Protects people from personal losses if they are sued as a result of serving as a director or an officer of an organization. Learn more.
Inland Marine
Can provide physical damage protection for applicable equipment while it is being rented, stored, or transported. It can provide financial assistance in case of accidents, malfunctions, and limited theft coverage.
Personal Liability
Personal liability protection in the event of an accident and a claim is made against you. Learn more.
Pollution Clean-Up
Covers the costs associated with pollution clean-up caused by your business.
Premises Liability
Protects against claims for slips, trips, and falls on the property due to negligence.
Products Liability
Protects your business from claims that a product you made, sold, or distributed, caused third-party bodily injury or property damage. Learn more.
Professional Liability
Coverage for claims regarding negligent acts and more. Learn more.
Property Coverage
Covers the building and its contents from weather-related risks, vandalism, theft, and more. Learn more.
How To Get A Quote
Request Your Quote
Click the button below to get started on your quote
Specify Your Needs
We’ll schedule a call with you to consult on your needs, and collect more details
Get Your Custom Quote
We’ll use all the information provided to craft a highly personalized quote to address all of your specific insurance needs in one comprehensive policy
FAQs About Insurance for Boat Salvage Yards
What is insurance for boat salvage yards?
A boat salvage yard is like an automotive scrap yard. This is a place where you bring old boats and parts. They are often recycled or sold at a low price. You can also get metal scraps, second-hand marine components, boating equipment, and more. Some salvage yards will offer a service where they can remove a boat from its current location.
Insurance for boat salvage yards can provide liability coverage for the operations of the salvage yard including the services and products it offers. This insurance can financially protect you in the event of a claim or lawsuit. Sometimes, having liability insurance is the difference between keeping a business open or having to shut it down.
Thus, it’s important to carry insurance for your boat salvage yard to protect you and your business.
Why is liability insurance important for boat salvage yards and boat junkyards?
Liability insurance is crucial because it protects your business from potential lawsuits and financial claims that may arise due to accidents or injuries occurring on your property.
Is liability insurance legally required for boat salvage yards?
While not universally legally required, having liability insurance is often mandated by local or state regulations, and it’s also frequently necessary for obtaining business licenses or contracts.
Can insurance for boat salvage yards cover environmental incidents?
Yes, XINSURANCE can provide customizable coverage solutions specifically tailored to include protection for environmental liabilities and pollution clean-up requirements.
Can I be insured if I've been dropped or rejected by an insurance company?
Yes, XINSURANCE can help you even if you’ve been declined, canceled, or non-renewed by an insurance company. We step in to provide an insurance solution when others can’t or won’t.
How much does boat junkyard insurance cost?
The cost of boat junkyard insurance depends on many factors, including the location of your yard, types and quantities of boats processed, your business’s claims history, the specific risks associated with your operations, and more.
We suggest you contact us and tell us more about your business so we can provide a more accurate insurance quote for your boat salvage yard.
What our clients say
Insurance for all activities. Excellent product with total coverage for WHEN you need that extra help.
THIS IS INSURANCE I CAN TRUST TO PROTECT ME!
– Dave H.
They are amazing and always there to help you if you have any questions or concerns.
– Arlene A.
XINSURANCE is very easy to deal with. We didn’t have to wait forever for the information we needed. And the whole process of finding a plan that worked for us was almost too easy.
– Leslie A.
Your Trusted Team For Tackling the Unexpected
Fighting for You is What We do Best
At XINSURANCE, we believe in taking an active role in defending the interests of our customers. When an insured is facing challenges such as frivolous lawsuits or unfounded charges, we take pride in staying by their side.
Unique Requirements are Our Specialty
XINSURANCE specializes in covering the extraordinary cases that other agents lack expertise in. If you need something insured and can’t find a policy for it anywhere else — chances are our team will know exactly how to get you coverage for it.
Built-For-You Flexibility & Dedicated Support
The XINSURANCE approach to coverage is anything but “one size fits all”. Our specialty insurance experts work one-on-one with you to fully understand your circumstances, insurance needs, and high-risk areas up front. This means that by the time your policy is issued, we're fully prepared to support you through the worst-case scenarios — not drop you when an incident, claim, or lawsuit occurs.
More of Your Coverage - All In One Place
Though your policies won’t be “one size fits all,” XINSURANCE does take an all-in-one approach to insurance. This means that instead of buying several policies, we’re able to offer coverage solutions for your various needs all in one plan.
What You Can Expect From Our Team
Insurance solutions tailored to your needs
Expansive coverage options
Expert support when facing frivolous charges
Dedicated support & service
Boats and Watercraft
We provide insurance solutions for boat owners, boat renters, and businesses, covering all types of boats and watercraft whether they are for personal or commercial use.
Small Businesses
We can provide customized liability insurance solutions tailored to your business’s unique needs. Even if another insurance company has declined, canceled, or non-renewed your business, we can still help you!
TRU Umbrella
TRU Umbrella coverage is customized to fit your unique needs by filling the gaps and covering the exclusions in your primary policy for work, home, and play.
