It comes as a surprise or shock for many boat owners, when they find out that their boats are not covered in every place they go. Actually, the majority of boat policies will have something that is termed as navigational warranty. This is a type of warranty that will cover a greater part of inland waters and coastal waters. It is upon you to ask the policy’s coverage area for you to know how far you can go into the waters and still be covered. The larger the area you want the policy to cover, the higher the rates.

Another thing that puzzles boat owners is to which extent the boat can be insured when it is not in water. The answer is simple; it is not the boat insurance policy that will cover it when out of water, but the homeowner’s policy will do. If by chance it is attached to your vehicle, it will be the auto insurance policy to cover it.