Most companies provide limited coverage for property damage for
small boats such as canoes and small sail boats or small power boats with less
than 25 per hour horse power under a homeowners or renters insurance policy.
Coverage is usually about $1,000 or 10% of property coverage. Check with your
insurance representative to find out if your boat is covered and what the limits
For other boats, you will need to purchase separate insurance. The size,
type, value of the craft and the water in which you use it factor into how much
you will pay for insurance coverage.