Boat/Watercraft Insurance 1Source Insurance Group Johnson CIty TN from 1sourceinsurancegroup.com Boating and water activities are popular pastimes for many people around the world. Whether you own a small fishing boat, a luxury yacht, or anything in between, it is important to have proper insurance coverage for your watercraft. Insurance for boats and watercraft provides financial protection in case of accidents, damages, or theft. In this article, we will discuss everything you need to know about insurance for boats and watercraft. Types of Insurance Coverage When it comes to insurance for boats and watercraft, there are several types of coverage available. The most common types include: Liability Coverage Liability coverage protects you in case you are held responsible for causing damage to someone else's property or injuring someone while operating your boat. It covers legal fees, medical expenses, and property damage costs. Collision Coverage Collision coverage provides pro...