Liability – Liability insurance on a watercraft is similar to that of an automobile. Your liability coverage will pay to repair/replace the other person’s property, medical care, lost wages and other costs incurred as a result of a boating accident in which you’re at fault.

Agreed Value Coverage – Like automobiles, watercraft values depreciate almost immediately once you buy it. That makes it difficult when it comes to replacing the watercraft in the event of a theft or any other action that would destroy the watercraft. If your watercraft is a total loss, you get the amount that you insured it for, after your deductible has been paid.

Physical Damage Coverage – This pays the cost to repair or replace your watercraft or anything permanently attached.

Personal Effects – This coverage is for many of your personal effects including your clothes (not including fur), jewelry (not including watches), cell phones, SCUBA/snorkeling equipment and your fishing equipment. 

Emergency Assistance – Similar to automobile roadside assistance, this covers towing, labor, delivery of gas, or battery replacement if the boat is disabled while on the water.