These days there are lots of misconceptions among the people regarding the validity of the boar insurance. The boat insurance is one of the essential things for every single boat, whether it is a large, small, new or old. Many  boat owners believe that boat insurance always require for the huge boats or yachts and not for the small boats, but this is truly wrong misconceptions because it is not the case. Whether you have a big boat or a small boat and if you are taking your boat to the water then you are prone to danger. In fact the small, boats are the ones that are more exposed to the danger because of their small size and more importantly, they don’t have the required safety equipments to protect the boat from huge tides and thunderstorms. Many small boat owners usually don’t take interest in acquiring the boat insurance, because of the high cost of the insurance, but they are putting to a huge financial risk, therefore boat insurance is must for every boat owner.