What is boat insurance?
Boat insurance can cover your boat and its motor from physical damage from collision, hail, fire, vandalism and theft and other perils. It also protects the owners assets from liability exposure in the event the boat causes bodily injury to others or property damage.
Additional coverage options on most boat policies include under insured and uninsured boater, equipment, towing expense and pollution liability.
Things to keep in mind when shopping
Before you get a boat policy talk to you agent and tell them what kind of boat you are purchasing. There are small coverage limits on homeowners policies for boats. It could be possible you do not need a boat policy.
Let your agent know how many months of the year your boat is laid up. You get a discount for all those months you are not using it.
When you buy a boat, it is always worthwhile to shop your home an auto insurance around as well. In the eyes of insurance companies, your customer profile has changed and better rates might be available elsewhere.