Is a boat covered under homeowner’s insurance?

Carrying boat or yacht insurance is a smart decision. Contrary to popular belief, your vessel is not automatically covered under your homeowner’s policy. If you cause an accident, or get into one with an uninsured vessel, you may be held responsible to cover related expenses, such as repairs, property damage, medical bills and more. Without the proper coverage, your financial well-being could be at risk.

Working with an insurance representative to create a marine insurance policy that helps fit your individual needs and budget can help protect you, your loved ones, and your assets in the event there is a boating accident.