Owning a boat is a popular recreational activity that many people enjoy. However, many states do not legally require boat owners to carry insurance. While this may seem like a relief to some boaters, the lack of insurance can make boating in certain places unattainable for those who are uninsured. Our team at C & H Insurance Associates LLC understands the benefits of boat insurance, even when it is not a legal requirement. We are here to help our South Carolina clients understand why boat insurance is a smart and practical investment.
What Is Boat Insurance?
Boat insurance provides boat owners with essential protection, including liability coverage, damage protection, and more. Many boat owners would struggle to pay for property damage, personal injuries, and other unexpected events out of pocket. Boat insurance offers both financial and liability protection, ensuring peace of mind for boat owners.
Why Is Boat Insurance Highly Recommended, Regardless of State Requirements?
Operating a boat comes with inherent risks, such as accidents, property damage, or causing bodily injuries to others. Without boat insurance, you would be responsible for covering these costs out of pocket, which could be financially devastating. Additionally, the legal ramifications of such incidents can be costly. Boat insurance helps cover these situations and provides legal and liability protection for boat owners.
Furthermore, many marinas require boaters to carry insurance to use their facilities. If you plan to dock your boat at a marina, insurance is often mandatory. Lastly, boat lenders typically require boat owners to purchase insurance as part of the loan agreement.
Our South Carolina team at C & H Insurance Associates LLC is dedicated to helping boat owners understand the benefits of boat insurance and why it is a practical investment. We welcome questions from boat owners and are here to assist you. Call us today! We’re standing by to help.
