By Tim Akpinar W
hen we think of marine insurance, we tend to think largely in terms of coverage. This means reviewing a boat policy on a regular basis to make sure it provides adequate coverage for things that can go wrong on the water. Prudent vessel owners want to know the dollar limits they’re covered for in the event of an accident. They want to know if they’re covered for full replacement value if a boat is destroyed by fire. Are salvage claims covered? Will a policy provide coverage for environmental damage to a delicate ecosystem or wreck removal from a busy channel?