Which type of insurance is designed specifically for boats and personal watercraft?

Pleasure craft insurance is specifically tailored for boats and personal watercraft, providing coverage for various risks associated with owning and operating these types of vehicles. This insurance typically covers physical damage to the vessel, liability coverage for damage to other boats or property, and personal injury protection for the operator and passengers.

This type of insurance is essential for boat owners, as it addresses the unique needs and circumstances related to watercraft, which are not covered by standard homeowners' or auto insurance policies. In contrast, the other types of insurance mentioned focus on different areas: consumer credit insurance pertains to debt protection, commercial insurance covers businesses, and travel insurance is designed to protect travelers against risks encountered while away from home. Thus, pleasure craft insurance is the only option that directly relates to the specific risks associated with boats and personal watercraft.