In many states, you are not legally required to carry boat/watercraft insurance. You are required to register your boat and you may need to earn a boating license depending on the nature of your watercraft, but you are legally allowed to carry insurance, or not, at your own discretion. There’s not much sense in going without it for a lot of reasons.
- Most marinas require that you carry liability insurance if you are going to be using their facilities. Out on the open water, there's not much to run into, and boat-on-boat accidents are pretty rare. The danger is at the docks. When you check into a marina, you're far more likely to crash into another boat or someone else's property, and even the wake that you kick up as you approach, depart, or pass the marina can cause a lot of property damage, sending boats rocking into one another.
- Boats are expensive. You don't really want to invest all that time, energy and money into a boat only to find that you need to cover all of the damages out of pocket when something happens. It simply makes no sense to leave something so pricy unprotected.
- While accidents are less common on the water than they are on the road, they do happen and when they do, they can be very expensive. A liability suit can bankrupt even a wealthy boater if they are not carrying insurance.
In short, yes, you can legally pilot your boat without insurance. But there's no good reason to do so. That's why Modern Benefits, LLC is here for boaters. If you're looking for a good insurance policy, give us a call or stop by the Modern Benefits, LLC office and we'll get you set up. We'll compare quotes and show you the best policies to protect you and your boat.
Our insurance agency is licensed in multiple states, including NJ, PA, DE, and MD. We want to help you with all of your insurance needs, no matter where you live.