If you own a boat, you may be under the impression that your homeowners insurance will magically stretch to cover your boat. Unfortunately in most cases it won’t.
Homeowners policies have a minimal amount of coverage for really small boats with either no engine or a very small engine. If you own a larger or higher value boat, your homeowners policy is not going to cover you for what you need. Boats, like your car, are unique and mobile and will likely require their own policy.
Like auto insurance, boat coverage typically includes coverage for bodily injury that your boat inflicts on others, property damage your boat inflicts on docks and other boats, and physical damage to your boat should you hit something or run aground. You can also purchase comprehensive coverage against theft, vandalism, fire and flood, personal property coverage for your fishing gear, uninsured boater insurance and even roadside assistance in the event you need a tow.