Physical Damage coverage. Provides protection in the event of a collision with a submerged object or another boat.
Liability coverage. For bodily injury or damage to the property of others.
If you are ever sued, your standard homeowners or auto policy will provide you with some liability coverage, paying for judgements against you and your attorney’s fees, up to a limit set in the policy. However, in our litigious society, you may want to have an extra layer of liability protection.
Dwelling coverage, sometimes called “dwelling insurance,” is the part of your homeowners insurance policy that helps to pay for the rebuilding or the repair of the physical structure of your home if it’s damaged by a covered hazard. Dwelling insurance covers certain and specific perils, hazards that can damage your home or the cause of…