I own a boat that I use for fishing and water-skiing. Does my homeowners insurance policy provide coverage for my boat?
Most homeowners insurance policies offer very limited or no coverage for physical damage losses or liability claims that arise from the negligent ownership or operation of a pleasure boat. For these reasons, individuals usually need to buy a separate policy to provide physical damage and liability coverage for boats. Insurance for pleasure and recreation boats is available from many private insurance companies. A boat owners package policy combines a number of coverages into one policy and should cover most losses that could arise out of either the ownership or operation of a pleasure boat. Another package policy, personal yacht insurance, is designed for larger boats such as cabin cruisers, houseboats, and large sailboats.