You can file a claim with the insurer if you cause damage to your boat or inflict injuries on someone else. Your insurer will pay for any injuries or losses that are covered by the incident. Although boat insurance may not be required in all states, lenders will often require you to have comprehensive coverage if you finance your watercraft. Watercraft and boats are valuable investments that need to be protected. You and your boat can be protected from physical damage with boat insurance. Get a boat insurance in florida with compareaquote.