- Covers machinery and outboard motors
- Third-Party cover
- Over 195 years of marine insurance experience*
- 24-hour emergency claims helpline
Speedboat Insurance
What is speedboat insurance?
Speedboat insurance is designed to protect you and your boat against financial losses from theft, damage, or accidents on the water. It can also include legal protection or cover for your medical expenses.
With GJW Direct, you can focus on enjoying your time on the water, knowing that you and your speedboat are fully protected.
Why choose us
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Protected No Claims Bonus
Once you earn no claims bonus it is protected. This means that you will not lose your no claims bonus if you have one claim in any one policy period. Two or more claims will result in a loss of no claims bonus.
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Machinery Damage Cover
We cover loss or damage to the machinery and outboard motors caused by impact between the speedboat and any substance including ice (but not water).
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Road Transit Cover
We will cover your vessel during road transit, great for those long journeys to your favourite locations to use your speedboat.
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Marina Scheme Benefits
If you keep your vessel in a recognised UK marina, you are entitled to Special Endorsements as part of our Marina Scheme.
What does speedboat insurance cover?
Speedboat Insurance
- Third-party liability—cover for you and others using your boat.
- Machinery cover—covers loss or damage to your speedboat’s machinery and outboard motors for impact between the boat and any substance including ice (but not water).
- Transit and trailer cover—cover for your speedboat (up to 30ft in length) and trailer (if requested) for transit by road.
- Impacts—including stranding and grounding.
- Theft—covers your speedboat and outboard motors if stolen from a locked place of storage.
- Damage—fire and explosion damage, and damage caused by latent defect.
- Agreed value—we’ll pay your speedboat’s agreed value in the event of a total loss.
- Legal protection cover—covers legal expenses up to £100k to pursue damages for injury or death or expenses following damage to your speedboat or for the defence of criminal prosecutions brought against you.
- Protected no-claims bonus—you won’t lose your no claims bonus if you have one claim in any one policy period.
- Medical expenses—for you and your speedboat crew per incident.
- Personal accident cover—for accidental injury or death.
- Wear and tear and lack of maintenance.
- The cost of repairing or replacing a latently defective part/item.
- The cost of rectifying faults in design or construction.
- Wilful misconduct and your own deliberate acts.
- Racing speed tests or trials.
- Mechanical or electrical breakdown.
- Theft of any item not securely fastened to the Vessel, inside a locked compartment on board the Vessel or in storage ashore.
For more cover details, see our important documents page.
Why consider speedboat insurance?
Nothing compares to the thrill of cutting through the waves in your speedboat. But as with all high-speed vessels, this comes with potential risks.
For instance, you could accidentally damage another boat whilst cruising or have your outboard motor stolen from a marina. Even lending your boat to a trusted friend or family member can lead to unforeseen accidents.
Having a specialist speedboat insurance policy in place means you’re prepared for these uncertainties, from damage to your boat to liability claims.
How much does it cost to insure a speedboat?
Several factors can influence how much you’ll pay for a speedboat insurance policy, including:
- your past claims history
- mooring location
- cruising area
- the boat’s age, value, and classification
Get an instant quote through GJW Direct today to find out the cost of your speedboat insurance.
Partnering with the RNLI
Since 2018, we've partnered with the RNLI to aid their target of halving preventable coastal drownings by 2024. By sharing important safety information with our customers, we've raised over £120,000.
Speedboat insurance FAQs
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Owners aren’t legally required to have speedboat insurance, but many marinas require proof of third-party cover to access their facilities.
Even if the marinas you plan to visit don’t require it, you may want to consider speedboat insurance to protect yourself and your vessel regardless for peace of mind.
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Yes—our policy covers loss and damage to machinery and equipment to maintain your high-speed vessel, so you can concentrate on enjoying the water.
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Speedboat insurance through GJW Direct covers high-speed vessels that generally reach speeds up to 50kts.
The fastest speedboats can travel in excess of 80kts. Often called ‘high-performance boats', these vessels are not generally covered under our speedboat policy.
Discover our partner discounts
As a GJW direct customer, you’ll get access to a large selection of discounts. Explore the list of brands we work with.
RIB & speedboat guides
Refer your friends and you’ll both be rewarded
Refer your friends to GJW Direct and you'll both get a £20 voucher from one of six retailers when they take out a policy with us.
*GJW Direct has been arranging marine insurance since 1826
