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Ownership (more than 2 owners) where it will operate (ocean, lakes, bays, rivers, great lakes) types of. Web see our side by side comparison of the programs represented by united marine. All boat insurance policies have exclusions. Regular wear and tear are part of a boat's story, but insurance won't cover the bill for repairs resulting from. Web the compensation you receive for a boat insurance claim depends on a few things, including your deductibles, limits,. Boat insurance generally won't cover maintenance or general wear and tear, including gradual. Web houseboats with no motor. Web what does boat insurance not cover? Web homeowners policies typically cap boat coverage at $1,000 or 10% of your home’s insured value.