Carolyn is considering the purchase of a large (60-foot)boat.She called her insurance agent to see if she needs a separate policy for the boat.The agent said that a special category of insurance policies was designed to insure large watercrafts.These policies are called

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Yacht insurance policies are specifically designed to insure large watercrafts like boats. Floater policies are a type of insurance policy that covers portable property, and Dwelling Property 3 (special form) policies cover residential properties. Flood insurance policies provide coverage in the event of floods, but they are not specifically designed to insure large watercrafts.

Carolyn Is Considering the Purchase of a Large (60-Foot)boat