Boat insurance is an insurance policy that provides property coverage that pay to repair boats and personal watercraft after it is damaged in an accident on water or land. Boat t insurance, often includes towing and wreckage removal, as well as fuel spill indemnification. This type of insurance may be purchased for sailboats, house boats, jetskis and pontoon boats, as well as other watercraft up to a certain size and value.
Liability coverage - If you cause an accident that damages another person's property, liability coverage help pay for expenses you incur as a result.
Medical payments coverage - If you or your passengers are injured after an accident on your boat. Medical payments coverage may help pay for resulting expenses such as hospital bills, medications or X-rays.
Uninsured watercraft coverage - If an uninsured boater collides with your watercraft and you or one of your passengers are injured, the uninsured watercraft coverage on your boat insurance policy may help pay for the resulting expenses.