You betcha! I live in an area that does not normally suffer from hurricanes, but over the July 4 weekend, a storm with 90 to 110 m.p.h. straight-line winds raked the beach where we were camping/sailing and my 1-year-old Hobie 20 was launched down the beach like a childs toy. It broke into several pieces and was a total loss. I had insurance coverage with a $250 deductable for depreciated value and was able to replace the boat with about $1,000 out of pocket expenses. At about $120 per year for the coverage, I'd be crazy not to fully insure a $13,000 boat.

By the way, the boat was anchored to the beach with a 3-foot sand screw. I now use at least two and they're 5-feet long.