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Who is GEICO Marine Insurance Company? Are they reputable?

GEICO Marine Insurance Company was originally established in 1989 as Seaworthy Insurance Company, a captive insurance company and is domiciled in Annapolis, Maryland. The company was acquired by Berkshire Hathaway in 2007 providing capital strength and security for your policyholders. In 2015, the name was changed to GEICO Marine Insurance Company. GEICO Marine Insurance Company is rated A+ by A.M. Best.

What types of boats does GEICO Marine insure?

We insure all boat types, providing agencies a one stop source for boat and yacht coverage. We feature two policy types: a Boat Policy, and Liability Only options for boats and some yachts. Visit our policy pages for all the details.

What boat types are not able to be insured?

GEICO wants to be your first choice for boat insurance. However, there are some types of vessels that are not eligible for a GEICO policy which are listed below. Other criteria may apply and will be reviewed by underwriters at the time of an application for boat insurance:

How do you handle claims?

Expert claims service is provided by dedicated adjustors with extensive experience helping boat and yacht owners when they need it most. Our GEICO Marine staff is committed to providing fast and fair service. There is no better group of caring professionals to handle your customer’s claims.

For large-scale claims as a result of hurricanes, tornados, ice storms, storage facility collapses and marina fires, GEICO Marine Insurance claims adjustors are assisted by the BoatU.S. CAT (Catastrophe) Team. This renowned nationwide network of surveyors, towing and salvage companies will be dispatched to the site and will participate in a coordinated effort to find boats and settle claims as quickly as possible.

All GEICO Marine Insurance policies come with 24/7 dispatch of assistance.