Boat insurance is a policy that protects you from the financial risks of owning and operating a boat, from small personal watercraft to large yachts. It covers physical damage to your boat, motor, and trailer from accidents or theft, and provides crucial liability coverage in case your vessel causes injury to others or damage to their property.
- What It Is: A policy that provides property and liability coverage for a boat or personal watercraft.
- What It Covers:
- Physical Damage: Covers the boat, motor, and trailer from damage or theft.
- Liability: Protects you from claims for bodily injury or property damage caused by your boat.
- Additional Coverage: Often includes medical payments, towing, and wreckage removal.
- Who It’s For: Boat owners. It is often required by marinas and lenders.
- Key Considerations: Excludes normal wear and tear, manufacturing defects, and damage from marine life.