What Does Watercraft Endorsement Mean?
A watercraft endorsement is a rider to a homeowner's insurance or liability policy that covers boats that the insured owns or uses. The insured must pay a premium to add this coverage to their policy. It may cover damages incurred while boating, damages when the boat is docked, medical fees due to a boating accident, as well as liability protection.
Insuranceopedia Explains Watercraft Endorsement
Most homeowners' policies offer very little coverage for boats. They typically exclude any damages that occur when out boating, but may offer a small amount of coverage in case a boat gets damaged at the insured's residence due to a hazard like fire; however, the coverage amounts are not usually enough to replace most boats. A watercraft endorsement fills this coverage gap.
Owners can also opt for a separate boat insurance policy, rather than adding a watercraft endorsement to their homeowners' policy.