Marine insurance policies tend to have it all, including the kitchen sink. It makes sense, as boats typically sit unattended at a marina or a dock. Otherwise, a boat sits in storage during the colder months. Marine insurance, therefore, covers things like natural disaster damage, theft, coverage for accidents, and other intentional and unintentional acts upon your property.
Due to the nature of a boat and other similar vessels, it is important to have an insurance policy that will provide wide coverage with larger payouts in case of an insurance claim. An accident, even if unintentional, can lead to high costs if you do not carry marine insurance. Insurance is a good idea to protect against financial ruin.