Important Reasons To Carry Boat Insurance Even When It's Not Required
Collision and comprehensive boat insurance are only required if the owner is financing the purchase. However, consumer advocates strongly recommend carrying this insurance to offset the financial risk if expensive damage ever occurs. As with any vehicle, the policy protects owners from having to pay a large amount out of pocket for fixing or replacing a boat. Most states do not require liability insurance for marine vessels. Nevertheless, the coverage is advisable for financial protection.