Aldidonato.. The simple answer is if you have significant assets that you should do the necessary to indemnify yourself and transfer the risk to another entity via an insurance contract. True, no liability coverage would be afforded under your HO policy since you do not own a boat. I'd recommend (and it is certainly prudent) that you purchase an umbrella policy endorsement onto your HO policy. This will provide you with world wide coverage on liability issues. It provides the broadest coverage you can buy and is certainly worth it. Discuss with your insurance broker.
In the real world, any "suing lawyer" representing an injured party always looks for the "deep pockets". If you did major BI damage to someone, no doubt suit would be filed and in addition to you the plaintiff's lawyer would also name the owner of the boat as a defendant. The carrier for the boat owner will protect them and probably provide the "deep pockets" to satisfy a potential plaintiff's award. However, legal costs are expensive. The "suing lawyer" would not be barred against coming after you personally if he so desired. So, take the prudent course of action and get the umbrella endorsement.
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