Hi Macey
What did you have in mind for the boat?
Forgive if I am teaching you how to suck eggs, but I will assume you are a novice (like we all were once).
If an electric boat you may only need one servo, for steering (any standard servo will do).
But you will also need an Electronic Speed Controller (ESC) to speed up, slow down, switch on/off the motor. Unless you want just on/off.
You can use a servo to push a mechanical microswitch, for things like lights and sounds. This would give you one function per channel.
OR
Buy a fancy electrical multi swither. These can give you up to 4 functions per channel.
You may also need other bits and bobs to protect circuits.
Like I said, give us an idea of what you want the boat to do and others, far smarter than me, can advise you better.