SuperMoney

American Family

in Boaters Insurance

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American Family

Unaffiliated

in Boaters Insurance

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Overview

Where does American Family do business?

American Family is an insurance carrier with headquarters in Madison, WI. The company was established in 1927 and offers boat insurance in 49 states (and Washington, DC).

What types of boat insurance coverage does American Family offer?

Although we often talk about boat insurance in the singular, it really includes several types of coverage. American Family offers the following types of coverage:

  • Bodily Injury Coverage: This insurance pays for your legal defense and for the costs associated with injuries to other people involved in an accident. 

  • Property Damage Coverage: Usually, this insurance will look after the property damage you cause to another boat or property when at fault in an accident.

  • Collision Coverage: Collision coverage is an optional policy that pays for the cost of repairing or replacing your boat after an accident. If you have a lease, the lender may require you to buy collision insurance.

  •  Comprehensive Coverage: If your boat is damaged in an event other than a collision, comprehensive coverage will pay for the cost of the repair. Covered events include storms, floods, fire, vandalism, and theft.

  • Fuel Spill Clean-Up: Protects you from cleanup claims or third-party damage caused by the accidental discharge of oil or fuel.

  • Salvage/Wreckage Removal: Some standard insurance policies will subtract salvage costs from the insured value of the boat or only offer a small percentage of the coverage amount for salvage. This endorsement protects from the specific costs and liability that go with a wreckage or salvage.

American Family also provides access to the following endorsements:

  • Hurricane Coverage: Pays for the damages caused by tropical storms, tornadoes, windstorms, and hurricanes.

  • Total Loss Replacement: If it's a total loss, this policy will pay you based on the agreed value, actual cash value or the replacement cost value.
  • Medical Payments Coverage: Medical payments insurance covers for the medical costs caused by an accident regardless of who is at fault. Most policies will also cover funeral expenses.

  • Personal Injury Protection: Personal injury protection, also known as PIP, typically covers medical expenses, loss of essential services, funeral services, and loss of income. It is similar to medical payments coverage, or MedPay for short. The difference is that MedPay will only cover for reasonable medical expenses.

  • Transport Trailer Coverage: This covers non-motorized trailers used to tow your boat. If the trailer is damaged or causes damage, this policy will cover the costs and tow your boat.

What discounts can you ask for when applying for a policy with American Family?

When you ask for a quote with American Family, make sure you ask for all the discounts you qualify for. These are the discounts you can claim that are specific to boat insurance.

  • Internal Safety Features: American Family offers additional savings if your boat has additional safety features, such as EPIRBs (Emergency Position Indicating Radiobeacon), GPS systems, Depth Finders, or Radar, on board. Ask what other safety features on your boat will trigger a discount.

Want more discounts? Check the discounts tab for a full list of general policy discounts you can qualify for with American Family.

What is the financial strength rating of American Family?

The financial strength rating of an insurance company scores its ability to pay contracts and policies. Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy. There are five main rating agencies.  SuperMoney's financial strength rating is based, among other factors, on the average score of available ratings.

American Family scores an A or excellent, which is SuperMoney's second highest available score.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Available in 49 states and Washington, D.C.
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Policy Discounts
  • Automatic Payment
  • Defensive Driver / Safety Course
  • Full Payment
  • Paperless Billing / e-billing
Vehicle and Equipment Discounts
  • Internal Safety Features (Air Bags / Seat Belts)
Liability Vehicle Insurance
  • Bodily Injury Coverage
  • Property Damage Coverage
  • Uninsured Motorist
  • Underinsured Motorist
Boaters Insurance
  • Fuel Spill Clean-Up
  • Wreckage Removal
Medical Vehicle Insurance
  • Medical Payments Coverage
  • Personal Injury Protection
Vehicle Coverages
  • Comprehensive
  • Collision
Vehicle Policy Endorsements
  • Emergency Roadside Service
  • Transport Trailer Coverage
Boaters Policy Endorsements
  • Fishing Equipment & Carry-On Items
  • Hurricane Coverage
  • Total Loss Replacement
Financial Strength Rating
  • A
Emergency Roadside Assistance
On-Water Towing and Labor
Available 24/7 by Phone
Fuel Spill Liability

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