Boat Insurance

A lot of people who have and use a boat ask the question of, "Do I really need boat insurance?" The answer? Yes, you need to have your boat legally insured if you want to use it. Although many people believe they don't legally need to have their boat insured, they should ask them self if they're willing to put their boat and its passengers at risk every time they take their boat out.

Even for a boat someone barely uses or a boat that someone is renting, it's important to make sure the boat is insured before leaving the dock.

Having boat insurance can protect you from almost any risk associated with owning and operating a boat. Boats are an investment, and it's not only the boat and it's assets you'll be saving by having insurance, but the passengers lives as well.

The follow risks are why you should have boat insurance: Fires, sinking, theft, storm damage, explosions, collisions, and capsizing. Boat insurance usually covers the following as well: tools, canopies, excess fuel tanks, motors, oars, anchors, seat cushions, and life preservers.

Having boat insurance will also protect you from lawsuits in case you damage another person's boat or property or if someone gets hurt from being on your boat.

Not having your boat insured could not only cost you your boat, it could cost you your very own house! You're leaving yourself open to any and every negative possibility when you're boat is not insured.

If you rarely use your boat, ask your insurance company if you can only pay when you use it. Put your plan on hold until your next big fishing trip or when your family comes up for the weekend to go for a cruise in the lake.

Many insurance companies will let you do this to save money and stay safe. However, if your boat is docked with other boats, you may want to keep your insurance at all times.

Even if you're just standing in your boat, something could happen where you'd wind up needing new parts due to a storm that you can't afford to pay for unless your insurance covers it.

Even if it doesn't seem necessary, having boat insurance is essential for any boat owner. Not only will you protect your investment, you'll protect your loved ones as well. Leave your worries on the shore - keep your boat insured.