What are the two types of boat insurance?

There are two main types of boat insurance:

• Physical Damage Insurance: Physical damage insurance covers losses to your boat due to covered events such as collision, sinking, fire, or theft. It may also cover damages to your boat's trailer, motor, and other equipment.

• Liability Insurance: Liability insurance covers claims made against you for bodily injury or property damage that you may be held responsible for while operating your boat. This type of insurance can protect you in the event that you are sued for damages or injuries that occur while you are on the water.

In addition to these two main types of boat insurance, there are also various endorsements and riders that you can add to your policy to customize your coverage. These may include coverage for medical payments, personal effects, and towing and assistance. It is important to carefully review your policy and discuss your coverage needs with your insurance agent to make sure you have the protection you need.