Boat owner's insurance is similar to automobile insurance in that it generally covers physical damage to the boat, damage to property caused by the boat, and injury or death caused in the operation of the boat. It may also cover theft, damage, or the loss of property located or stored on the boat such an electronic equipment and life vests. Not all boat owners' policies are the same, so buyers must be certain to understand the coverage they are acquiring. Towing may or may not be included. Boat owner's insurance policies can be found for all types and sizes of boats. The coverage and costs vary widely. OTC Insurance Services can assist you with your decision.