While opting for boat insurance, clarify whether the physical damage protection in your policy covers valuable boat equipments. It should refer to the protection of precious boat parts like boat covers, docking fenders, portable gas tanks, life jackets, anchors and anchor lines, sonar equipment, water skies, cushions and the engine, compass and gear of the boat.

One way to hold on to the cost of the boat insurance policy is to evaluate the boat according to its worth and capability. Praise your boat but don't praise it for nothing.

Ask your insurer to codify simple terms, in case you have difficulty in understanding the business terms applied by him/her in the explanation of the insurance policy.