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Taking out motorboat and speedboat insurance from E&L® provides you with a safeguard, should anything happen whilst you are on water, or whilst your boat is in mooring.

  • 10% online discount
  • 100% fire, theft, accidental loss or damage
  • 100% salvage, wreck, pollution and sighting costs
  • Up to £2.5m public liability
  • 90 days per year European use as standard
  • This policy covers your motor or speed boat when in use on UK inland or coastal waterways, during transit or whilst moored in a designated area and also extends to cover for your trailer and/or trolley

When choosing to purchase a motorboat or speedboat people in the UK spend up to £50,000. Therefore a large quantity of disposable income is being invested in these luxury items. Technological developments have also meant motorboats have become more complicated and more susceptible to accidents.

Although it is impossible to stop the unexpected from occurring, with public liability and personal accident cover included as standard, E&L® Motorboat and Speedboat Insurance offers unbeatable protection for your valuable investment.

Check our FAQs here

Motorboat and Speedboat Policy Information

  Monthly1 Yearly
Fire, Theft, Accidental Loss or Damage

In the event of fire, theft, accidental loss or damage we will pay up to the agreed value.

Max 100% of agreed value Max 100% of agreed value
European Use

Cover provided for up to 30 days per occasion, up to a maximum total in a year of 90 days while the insured speed/motor boat is being used on inland or coastal waters of the continent of Europe.

30 days per occasion
(max 90 days per year)
30 days per occasion
(max 90 days per year)
Public Liability

Your legal liability to a third party for the amount you become legally liable to pay as a result of your interest in the insured speed/motor boat.

£2.5m £2.25m
Hire of Replacement Craft

Cover for the reasonable costs incurred to hire a craft similar to yours if it becomes unusable for more than 24 hours because of loss or damage covered under your policy and cannot be repaired or replaced before a planned holiday.

Up to 10 days
£50 limit per day
Up to 7 days
£50 limit per day
Personal Belongings

We cover you for the loss of or damage to personal belongings as defined in this policy belonging to you or your immediate family.

Max sum insured value £2,500
£250 single item limit
Max sum insured value £2,000
£250 single item limit
Personal Accident

Cover following accidental bodily injury resulting in a) death b) loss of total sight c) loss of two or more limbs d)deafness in both ears e) permanent total disablement following an accident. Benefits reduced to 25% for any persons aged over 75 or under 18 years of age.

£15,000 £12,500
Salvage Charges

We cover the reasonable costs incurred in minimising or averting loss or in saving the craft from a loss which would be covered under your policy.

Max 100% of agreed value Max 100% of agreed value
Pollution Costs

We cover the reasonable costs incurred for any damage caused to the craft by a local authority in an attempt to minimise actual or potential pollution which would be covered under your policy.

Max 100% of agreed value Max 100% of agreed value
Sighting Costs

We cover the reasonable costs incurred for inspecting the underwater sections of the hull after an accidental grounding, regardless of whether or not any damage is subsequently found, which would be covered under your policy.

Max 100% of agreed value Max 100% of agreed value
Wreck Removal

We cover you for the reasonable costs for the removal, destruction or raising of the craft wreck, including unsuccessful attempts, which become necessary as a result of a loss which would be covered under your policy.

Max 100% of agreed value Max 100% of agreed value
Accidental Loss of Keys and Replacement Locks

We cover up to the amount stated in the schedule for the reasonable cost of replacement keys / replacement locks and or the reasonable cost of repair to the locks of the external doors of the craft following accidental loss, damage or theft.

Up to £750 Up to £500
Trailers and Trolleys

We provide cover for your trailer or trolley against fire, theft following forcible entry, or accidental damage when specifically insured under this policy if normally used for transporting your craft, up to the cost price, market value or the sum insured amount (whichever is less).

100% sum insured or market value if less

Excess

The excess is the amount you pay towards a claim. An excess of £110 (Inland waterways only) or £160 (coastal waterways or both Inland and Coastal Waterways) is payable for each and every claim except for total or constructive total loss claims. If claims are made under more than one section of cover, an excess will apply to each section of cover under which a claim is made. Claims for damage to underwater gear occurring in tidal waters are subject to a double excess.

1. Lunar monthly policy (more information)

The following discounts are available on E&L Motorboat and Speedboat Insurance:

  • 10% introductory online discount (only available to new customers taking out a policy online)

The total maximum discount per policy is 20%.

To be eligible for E&L® Motorboat and Speedboat Insurance the following conditions must be met:

  • The policyholder is a UK resident aged over 18 years
  • Craft must be under 30 years old
  • Craft must be used for private/pleasure purposes
  • Craft must be seaworthy
  • Craft must not carry more than 12 people
  • Craft must not be used as a houseboat, permanent living accomodation or home address
  • Craft must not be used for racing or speed trials
  • Covers motor or speed boats up to a maximum speed of 35 knots
  • The policy application is subject to a flood risk assessment.
  • You must meet our security requirements

No cover is available for Jet skis, wet skis, personal watercraft (pw/pw's) or the like.

Please see the Motorboat and Speedboat Insurance Policy Wording for full eligibility criteria.

Policy Summary

The policy summary gives an overview of the benefits our motorboat and speedboat insurance provides

Motorboat and Speedboat Insurance Policy Summary

Policy Wording

The policy wording outlines full details of our motorboat and speedboat insurance terms and conditions.

Motorboat and Speedboat Insurance Policy Wording

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Register a Claim

Several of our claim forms are available to download online in PDF format. After completing the form you will be provided with a download link to your requested claim form which you can simply print out, fill in and either fax or post to us.

To complete the form please click here

View our Testimonials pages.