Boat insurance covers the policyholder, passengers, and the boat against liability, damage to someone else's property, or liability in case someone gets hurt. Auto or homeowners insurance policies are not made to cover boats due to their limitations of boat size and horsepower. Therefore, it’s recommended to have a separate boat insurance policy.

Boat insurance coverage varies based on the type of boat or watercraft. Coverages can be customized depending on your situation.

You may also need boat insurance if you’re financing your watercraft and marinas. Boat insurance can cover physical damages to your watercraft as well as any injuries or damages you cause to others while boating.