Boat Insurance Boat insurance is insurance coverage for various types of boats. Anyone with a boat should consider this coverage, no matter how often or why they use the boat. Insurance allows you to protect your investment, and receive financial assistance when the boat is damaged or causes damage. Coverage Liability coverage helps pay for expenses related to bodily injury or property damage. Additional coverage can handle personal belongings, fishing equipment and other items on the boat. Details It’s a good idea to have insurance that’s specifically for your boat. A homeowner policy might cover damage to a boat if the incident happens on the property. But boat insurance offers a higher level of coverage for accidents that can occur while in transit or physically parked. A typical policy will cover emergency services, repairs, emergency removal, and recovery charges. Benefits The biggest benefit is the protection that insurance provides. You will receive help paying for expenses without paying for everyone on your own. A good policy covers the boat while it is in storage, in transit or in the water. What you want is the best coverage you can afford. Also, make sure your policy protects against liability claims if someone gets injured while a boat passenger. Speak with an insurance agent to learn all of your options.