If you carry comprehensive and collision coverage, the insurance policy will pay what it costs to return your watercraft to its pre-accident condition or better.

If your boat sinks, insurance policy cover the cost of removing your boat from the water (if removal is legally required ).

You can get full replacement cost up to policy limits for fishing equipment and for personal property such as scuba gear, phones or other items that you carry on board and are lost or stolen.

Bodily injury liability covers you if you’re in a boat accident and liable for injuring others. Liability boat insurance also pays to repair or replace any watercraft, object or other property you damage while boating, plus legal expenses if you’re sued.

This coverage comes standard with certain carriers if you have trailer coverage on your policy—this coverage pays to tow your disabled vehicle to the nearest repair shop.

These are two separate coverages. Comprehensive covers events out of your control, such as theft, vandalism, sunken boat, fires, heavy winds, hurricanes, and other weather-related damage. Collision covers damage from boating accidents, such as hitting a submerged object, dock, another boat, and even covers any injuries to pets on your boat, etc.