If you own or operate a boat or other marine craft, marine insurance ( Pleasurecraft ) can cover you for loss, damage, theft or injury risks to your craft and its occupants, as well as any costs you may incur to other people or property through accidental damage. Many insurers will offer boat or marine craft insurance that includes basic cover for damage or loss, with a range of additional options available. Similarly to motor insurance, marine insurance policies will specify either an agreed value or a market value as the sum insured for the boat and equipment you own