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Boat Insurance
IBISWorld, Nov 2011, Pages: 34
Improvement ensured: Rising incomes and a move to the internet will drive industry growth
What is the Boat Insurance Industry?
This industry underwrites (i.e. assuming the risk and assigning premiums) boat insurance policies for privately-owned watercraft. A boat owners' insurance policy can insure against risks of owning and operating a boat, its motor and its trailer. These risks include sinking, fire, theft, and collision. Insurers for commercial boating operators are not included in this industry.
Industry Products
- Liability coverage
- Comprehensive and collision coverage
- Uninsured operator
Industry Activities
- Boat insurance underwriting
- Marketing boat insurance products
- Portfolio diversification
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