Boat insurance covers your boat from physical damage and loss caused by fire, storms, theft, collision, sinking, and other risks. Motors, anchors, extra fuel tanks, batteries, and onboard safety equipment are among the few permanent components that will be covered should anything happen to them.
Liability insurance helps pay for any injury to others or damage to other boats, docks, or structures that your boat caused. Although boating accidents might not happen as often as car accidents, they still happen, and no matter how often you’re out on the water, it’s best to be covered.