The Importance of Boat Insurance

One crucial step you can take as a boat owner is getting the right insurance coverage. Bargain Insurance Connection can help you learn more and secure the appropriate boat insurance policy.

Why Does Boat Insurance Matter?

Boat insurance may benefit anyone who owns a watercraft, such as fishing boats and jet skis. Accidents on the water can happen quickly, leading to costly repairs or liability claims. Without insurance, you could pay out of pocket for damages, injuries or legal fees.

If you dock your boat at a marina, transport it on a trailer or take it out on public waterways, you’re exposed to risks that standard homeowners or auto policies typically don’t cover. Dedicated boat insurance is essential for protecting your investment and staying financially secure.

Is Boat Insurance Required?

The need for boat insurance depends on local regulations, your location and the kind of boat you own. Boat coverage is not always mandatory, but some marinas, lenders or states may require it, especially for larger vessels or boats used in public waters.

What Are the Benefits of Boat Insurance?

Boat insurance may provide financial assistance that can help you recover from various unexpected events. Here are some situations that your policy may cover:

• Collisions with other boats or objects

• Damage caused by severe weather

• Theft or vandalism

• Fire or explosion

• Injuries to passengers or others involved in an accident

• Damage to certain personal belongings on board

• Towing and assistance if your boat breaks down

• Fuel spill liability or wreckage removal

Contact Us

Bargain Insurance Connection will explore options across our network of insurance providers to help you find suitable coverage. Contact us today for a custom quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.