Boat insurance is a protection insurance policy that helps our clients protect their boat (and other watercraft) from certain risks. Such type of an insurance policy helps you to repair your boat in event of any damage and in most instances even replace the boat if it is stolen. Different types of coverages are available under boat insurance such as liability coverage which helps to cover costs if someone is injured while working on your boat, or if you are held liable for something that happens while the boat is in use and also, medical bills coverage if someone is injured on the boat. Many people think that boat insurance is only necessary when the boat is actually out in the water.