Boat insurance covers you in the event of a loss or damage to your boat. It covers most watercraft with motors, including fishing boats, pontoon boats, paddle boats, leisure crafts and yachts. Boat insurance does not usually cover canoes, kayaks or personal watercrafts (PWCs)Types of Coverage
As a boat owner, you need to know about recreational boating insurance and commercial boating insurance. Commercial boating insurance is comprehensive. It involves the protection of commerce as well as the protection of the boat. Recreational coverage is more limited in what it includes.