BOAT Insurance Policy This is an insurance policy that provides indemnity liability coverage on pleasure boats. Boat insurance includes liability for bodily injury or damage to the property of others and damage to personal property on the boat. Depending on the policy, this insurance could also include gas delivery, towing and assistance if your boat gets stranded. Policyholders can choose between an actual cash value or agreed value policy. Some policies include discounts based on a policyholders' boating education, boat safety features or whether they have a hybrid or electric boat. In some instances, a package deal might be available, where the rate on a yacht insurance policy decreases if the holder purchases additional policies for their homes or automobiles. |