Watercraft InsuranceThink about your favorite summer memories. Do many of them involve time on the water, in your favorite watercraft? At Alfa®, we know you've had great times there, and we want you to continue to have great times on your watercraft in the future. Make sure you can continue to enjoy summer on the water by protecting your watercraft with a policy from Alfa. Alfa policyholders who own recreational watercraft can enjoy an extra measure of protection on and off the water with Alfa's watercraft, motor and trailer insurance, written on an actual cash-value basis.