What Is Boat Insurance?

Boat insurance not only safeguards you financially in the case of any injury or damage inflicted by you while boating, but it can also cover your watercraft and trailer if they unfortunately get stolen or damaged. To increase your protection even further, consider adding optional covers such as Uninsured/Underinsured Boater (UB) coverage to feel more secure out on the waters.

Is Boat Insurance Required?

If you’re a resident of Arkansas or Utah, the answer is yes for most types of boats when it comes to needing boat insurance. Likewise, if your watercraft has been financed and requires insurance; similarly, certain marinas may require that you have proper coverage in order to dock at their facility. Even though not legally required in some states, investing in boat insurance can be incredibly beneficial! Not only does it protect your vessel from any damages incurred while on the waters but also offers unique protection should there be an accident with other vessels leading to injury or property damage caused by yourself. Find out more about state specific requirements today!

How Does Boat Insurance Work?

Similar to automobile insurance, boat coverage provides security in the event of damage or injury caused by yourself. Should an incident be covered under your policy, you can file a claim with your insurer for payment up to the limits prescribed in your coverage plan. By having adequate protection against accidents and losses aboard vessels, you have peace of mind that comes with knowing financial assistance is possible should misfortune strike.