What is one advantage of a boatowners policy that is written on an all-risk basis?

A boatowners policy written on an all-risk basis provides comprehensive coverage for various types of losses. This means that the policy generally covers a wide range of damages to the boat, including those resulting from accidents, theft, vandalism, or other unforeseen events, unless specifically excluded in the policy. This broad scope of coverage gives boat owners peace of mind, as they are shielded from many potential risks that could lead to loss or damage to their vessel.

The nature of all-risk coverage is particularly beneficial for those who want to ensure that they have protection against unforeseen incidents rather than having to worry about which specific types of damages are covered. Therefore, this option highlights a significant advantage of all-risk policies compared to more limited coverage options that may only cover specific types of damage or situations.