This policy is designed for all types of watercraft, including boats with outboard engines, inboard engines, house boats, jet skis, sailboats, yachts, etc. If the boat is larger than 26 feet in length, or has an engine with more than 25 horsepower, it is normally not covered by a Homeowner policy, and a Boat owner policy is required. This policy can be written to cover your boat, fishing, waterskiing, communication equipment, and more, as well as any trailer used to haul the watercraft. Premiums are based on the type of boat, value, geographical area of use, and both the motor vehicle and boating experience of the operator(s). Coverages normally include: fire, lightning, wind, hail, explosion, earthquake, vandalism, malicious mischief, theft, collision, stranding, capsizing, sinking, and more.