Boat insurance, is it necessary? Like cars and homes, boats represent significant financial investments and carry risks and responsibilities. This article explores why boat insurance is not just a prudent choice but often a necessity. Understanding Boat Insurance Boat insurance covers damage to your boat, personal injury, liability, and other associated risks. Policies can be tailored to cover various types of watercraft, from small motorboats and sailboats to larger yachts and personal watercraft like jet skis. The coverage typically includes protection against accidental damage, theft, vandalism, and liability for injuries or damage caused to others. Legal Requirements The necessity of boat-insurance varies by location. In certain places, like specific U.S.…