Doesn’t my home insurance cover my boat automatically?

If you maintain a home or renters insurance policy, it might include a limited amount of coverage for watercraft. However, there will be limitations as to what this automatic coverage provides. For example, it may only cover a boat with 125 HP for liability coverage. There may be a limited amount of physical damage coverage provided, but it would match the perils covered by your home insurance (fire, wind, theft, sinkage).