Boatowners policy

{
  "id": "MLC-T-INS-000581",
  "term": "Boatowners policy",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance contract designed to cover losses related to recreational boats, yachts, and personal watercraft. It provides coverage for physical damage to the vessel itself, liability for bodily injury or property damage to others, and medical payments for injuries sustained on board. This type of policy often includes coverage for trailers and equipment, and it differs from a standard homeowners policy which offers limited or no coverage for watercraft.",
  "url": "https://mlchart.com/terminology/insurance/boatowners-policy/"
}