Watercraft Endorsement

Watercraft Endorsement

A rider to a liability policy or homeowners insurance that provides coverage for boats one owns or uses. For example, if one owns a boat not covered under one's other insurance and it sinks, a watercraft endorsement would pay for the replacement boat. As with all insurance, one must pay a premium to receive the coverage.
References in periodicals archive ?
A Sample Recommendation: Increase Liability Limits and Purchase a Watercraft Endorsement
The planner explained that changing the deductibles was only a precursor to adding a watercraft endorsement on the existing homeowners policy.