The Travelers Companies, Inc., has shared the most common and costly boating incidents.

Based on boat insurance claims the company received from 2014 through 2017, collisions were the most common cause of loss, making up a third of all claims. Wind and mechanical breakdown were the second and third most common causes of loss, respectively.

The costliest types of claims were due to fires, boats sinking, and lightning strikes, the company added.

"Perhaps the most reassuring takeaway from this data is that many of the top causes of damage are largely preventable," said Todd Shasha, managing director of personal insurance, boat and yacht, at Travelers. "The National Marine Manufacturers Association indicates consumer spending on boats is up for the sixth straight year, which means there will likely be more traffic on the water. No matter how many years of experience you have, it's always good to brush up on the latest boating rules and technology to help you stay safe."