When considering boat insurance, it is essential to understand the range of available deductibles. According to the Insurance Information Institute, the typical policy has deductibles of $250 for property damage, $500 for theft, and $1,000 for medical payments. Depending on your boat’s size, horsepower, type, and value, deductibles can range from $250 to $1,000, so it is essential to compare prices to find the best coverage for your boat.