Most companies provide limited coverage for property damage for small boats such as canoes and small sail boats or small power boats with less than 25 per hour horse power under a homeowners or renters insurance policy.
For other boats, you will need to purchase separate insurance. The size, type, value of the craft and the water in which you use it factor into how much you will pay for insurance coverage.
Liability limits start at $50,000 and can be increased to $500,000. Typical policies include deductibles of $250 for collision, $500 for theft and $1,000 for medical payments.
Insurance coverages to consider:
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