The fuse needs to be able to carry the normal current plus a bit for luck and then use the next available value up provided that that value is less than what the ESC can handle. If its more than that, for comfort, a bigger ESC is wanted.
In an installation with two motors off one ESC, it makes sense to fuse each motor separately. The motor fuses should be a lower value than the one protecting the ESC, although "protecting the ESC" is putting it the wrong way. It is actually protecting the wiring and battery from misfortunes within the ESC, and, eventually, protects the rest of the boat. Separate fuses for the motors ensures that should one motor short out, the other is still available.
If jammed in weed, the protecting fuse will leave the boat intact, but obviously just as stuck. If the weed is heavier on one prop than the other, you still have the other motor to try to get back with and you still have power to the radio to help with steering.