Boat insurance covers you in the event of a loss or damage to your boat and liability coverage to others. It covers most watercraft with motors, including fishing boats, pontoon boats, paddle boats, leisure crafts and yachts. Boat insurance does not usually cover canoes, kayaks or personal watercrafts (PWCs).
For small watercrafts, you may find some limited liability coverage under your homeowner’s policy. You may also be able to add additional liability coverage to your homeowner’s policy.