In most cases placement for this watercraft is easy. The age of the boat, driving record of the insured, horsepower, and area of operation are major underwriting factors. The navigational waters of operation are of major concern as well as the mooring and storage location. Vessels used outside of inland water or located on coastal waterways are of a higher risk and will draw the underwriters' attention. Several markets specialize in this exposure.
Personal property associated with owners of yachts can be extensive.
Depending on the market, some coverage is included in the basic policy form, but increased limits will need to be evaluated. Houseboats are gaining not only in ownership but as rental units for vacationers. As a rule, houseboats are more difficult to operate so the experience of the operator is critical. Considering the bulk and weight of the hull and the engines of up to 400 horsepower, this craft is not especially responsive to tight turns or quick stops. Some are used as a residence in the coastal areas, and coverage for this exposure can be placed through several markets.