You may save money by bundling your boat policy with your home or auto insurance. That’s not the only reason you want to get a good policy for your boat! Not all boats are equal and not all insurance is equal. Boats can be like cars and like houses all in one. Also, don’t be fooled by your homeowner’s policy covering your boat. Many homeowners' policies will have a minimal amount of coverage for small boats with no engine or a very small engine, like a sailboat.
Like auto insurance, boat coverage usually includes coverage for bodily injury that your boat inflicts on others, property damage your boat inflicts on docks and other boats, and physical damage to your boat should you hit something or run aground. You can also purchase coverage against, vandalism, theft, fire, flood, personal property coverage for your boat stereo or fishing gear, uninsured boater insurance and even roadside assistance in the event you need a tug.