09/14/2022
Q: How does boat insurance differ from auto or home?
A: If your question is whether or not a boat belongs on an endorsement to a Homeowners policy, or, if it belongs on a boat policy; the answer is simply this: If the boat will ever leave your garage you need a boat policy. Any time a boat is endorsed onto a homeowners policy, the coverage is usually strictly physical damage coverage and on an actual cash value (acv) basis. In other words, you would be lacking the accidental fuel spill coverage, the medical payment coverage, the personal property coverage and the big coverages such as wreck removal and salvage and mechanical breakdown. So, we recommend you purchase a boat policy, or a yacht policy.
Learn more: https://aircraft-marine.com/2017/07/advice-tips-boaters-looking-insurance/