Boat insurance programs are normally designed to cover boats up to 26′ in overall length. If the size of your vessel is greater than 26 feet, it’s generally considered a “yacht”, and therefore qualifies for yacht insurance. Boat insurance provides physical damage coverage with a deductible to repair your boat if it’s accidentally damaged or destroyed by a covered peril such as collision, fire, theft, windstorm, lightning or vandalism. This coverage is broad, and provides coverage for the boat, including its machinery and auxiliary equipment, outboard motors, boat trailer and personal property. Also available is coverage for: Personal Effects, Boat Liability, Medical Payments and Commercial Towing and Assistance.