If you own a car or house, you likely have insurance on these items. This insurance protects you financially should your valuable property become damaged; in the case of car insurance, it also protects you if an accident occurs and damages someone else’s property.
Boat insurance works in the same way. By providing financial protection, it can be one of the most important purchases you make after buying a boat. So, should you buy boat insurance? Do you need boat insurance? For that matter, what does boat insurance even cover?
The answer, as you may have guessed, depends on many factors.
