If you store your boat in the water all of the time then you probably have boaters insurance. On the other hand many people are part time boaters and keep there boat in their yard, storage house or garage at home. If the latter applies to you then you need to read the small print on your homeowners policy or call your insurance agent and ask if you will receive full replacement value for your boat in the event of damage. Most people assume that their boats stored at home would be included in their homeowners policy in the event of fire, storm or other disaster but in most cases a standard policy will not.