The Johnson family owns two vehicles, a new Lexus and a ten-year-old Honda mini-van. Neither vehicle is typically driven for business purposes. The van is the primary mode of transportation for the family. The Lexus cost $45,000 when they bought it new two-years ago and the blue book value (the current market price) of the van would be about $10,000. The Johnsons have always been very careful drivers and have never experienced an accident nor have made a claim on their auto policy. For recreation, the family often takes their ski boat out on the local rivers and lakes. The boat is valued at $10,000. Both children are avid water-fans and they frequently bring friends along when they go out on the water.

What type of insurance should the family purchase to adequately cover all vehicles including the ski boat? Include type A,B,C, Or D coverages and deductibles recommended