Do I need to purchase liability insurance for a boat?

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Not every state requires liability insurance as part of a boat insurance policy, but individually owned marinas or boating communities might require liability insurance. Regardless, however, of what is required, purchasing liability insurance for your boat will protect you from property damage expenses, and injuries suffered by another party, in the case of an accident.

Liability Coverage

Liability insurance policies typically range from a $100,000 to $500,000 premium, depending on the following factors:

  • Boat size.
  • Boat age.
  • Boat location.
  • Boat condition and power type.
Most policies cover physical damages to the boat’s hull, sails, on-board equipment, machinery, furnishings, and damage to the boat trailer. Liability insurance also protects against injuries suffered by another party or parties. Perishable items, such as food and beverages, are not covered.

Comparing Boat Liability Insurance

You can compare boat insurance coverage and rates online, or by contacting the Insurance Department in your state.

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