There is a common misconception among boat owners when it comes to insurance. They believe that not only their boat is covered but so is the trailer and onboard items by their auto or homeowner’s insurance policy.
The fact is that most auto or homeowner policies do not cover physical damage, liability or theft while your boat is on the water. In the infographic below by Allstate Insurance, different types of coverages are explained. Call your agent or insurance provider if you do not already have a separate boat insurance policy. If you have one, make sure you have a clear understanding of where you are covered and where a little extra protection might be needed.