The coverage you need will vary depending on your type of watercraft–whether you have a fishing boat, ski boat, or pontoon. Your other insurance policies (e.g. home or car insurance policy) likely won’t provide the coverage you need to insure your boat. A specialized boat insurance policy can provide the protection you need for your boat, yourself, and your accessories.
Know the limits of your boat insurance policy. Some policies only cover you if you are close to home—a fact you don’t want to find out after an accident occurs. You may also not be covered while towing your boat unless your policy specifically covers tow vehicles. You may also want to keep your boat insured year-round.