Do You Need Boat Insurance?

Knowing whether or not you need boat insurance will help you ensure that you have the right coverage in the event of an accident on the water. At Mountainview Insurance, we understand how important it is to have the right amount of boat insurance. That is why we carry a selection of different insurance products, including boat insurance.

Do You Need Boat Insurance?

While you are technically not required by law to purchase boat insurance, having boat insurance will help protect you and your family in the event of an accident on the water, whether or not you are at fault. There are a few different types of boat insurance that you can choose from that will help protect you on the water. The type of boat insurance that you should purchase will depend on the boat that you own.

Learn about how marine insurance can protect your boat at the dock

While some boats, such as a canoe or kayak, can often be added to your home insurance policy, larger boats tend to need a more dedicated insurance policy. Some of the different types of boat insurance that you can purchase include:

Property Damage Liability Insurance

Property damage liability insurance works to protect you in the event that you accidentally inflict damage on another person’s boat or property. This means that if your boat collides with another boat, you will not be responsible for paying for the damage to the other boat.

Important things to know about boat insurance 

Not having property damage liability insurance and being unable to pay for the damage that you cause to another person’s boat or property might result in a lawsuit. This could, in turn, result in you having to sell off some of your property in order to pay for the damage.

Bodily Injury Liability Insurance

Bodily injury liability insurance is the most important type of boating insurance that you can purchase because it will cover medical expenses if you or one of your passengers are injured in a boating accident. Bodily injury liability insurance also protects you from being sued for expenses or from losing all of your possessions due to a lawsuit.

Find out if your homeowners insurance will cover boating accidents.

If you would like to learn more about whether or not you need boat insurance, or if you are interested in one of our insurance products, please contact Mountainview Insurance 604-557-0255 or by requesting a quote on our website. Mountainview Insurance is proud to provide high-quality insurance products to clients throughout Abbotsford and the surrounding areas.