Liability coverage covers you against claims for property damage and bodily injury.
All-risk coverage covers liability as well all possible risks of damage to your boat, apart from certain exclusions. There are many reasons to opt for all-risk coverage: no depreciation on the amount you receive in the event of the boat’s total loss, coverage for fishing and water sports equipment, coverage for damage caused by rodents, emergency towing and even coverage for renting a replacement boat while yours is being repaired so that you don’t miss even a moment of the season.