A boat is a major purchase, so it needs to be insured just like your home or car. Many drivers know they should insure their boat and it’s important to consider what could go wrong when you’re storing, hauling, launching and sailing your boat.

Boat insurance covers a variety of incidents starting with physical damage to the boat. Physical damage can be caused by theft, fire, explosion, vandalism, weather, damage in transit, collision and sinking. Boat insurance offers liability coverage providing protection if you accidentally damage another person’s boat or personal property while using the covered boat. Finally, boat insurance offers medical payments coverage for reasonable and necessary medical costs related to injuries that result from an accident with the covered boat.

Plus, you can select special options. For example, emergency service coverage protects against emergency service for the boat or trailer. Another example is personal possessions coverage, which provides protection for personal property if it gets damaged while on board.