Boat insurance is another great type of insurance to have if you own any type of watercraft. This will protect you, your passengers, and your boat if there is an accident, loss, or damage to the watercraft.
Though there are many different types of watercrafts that boat insurance can cover, some of the smaller watercrafts are not covered. For the coverage that boat insurance offers, it offers similar policies to auto insurance, including collision damage, property damage liability, bodily injury liability, comprehensive, and additional coverage options.