The Facts About Boat/Watercraft Insurance

Boat ownership is a beautiful way to stay outdoors, active, and spend time with friends and family. To keep the good times rolling, though, you need proper boat insurance in place. At P.A. Insurance Brokers LLC, we want to help boaters in Pennsylvania make smart insurance choices. Keep reading to learn more about boat insurance.

Is Boat Insurance Required by Law?

In Pennsylvania, boat insurance is not required by law in the same way auto insurance is. However, it is highly recommended that you carry boat insurance for your protection.

How Does Boat Insurance Protect Me?

The first-way insurance will protect you is by protecting your investment in your boat. If your boat is damaged or lost, and it is not insured, then the repair or replacement of your boat will come out of pocket. This means that any money you invested into the boat is lost. With insurance in place, you will be paid for the boat's value should it be damaged or lost.

The other way that boat insurance protects you is by safeguarding you from liability expenses. If someone is injured on your boat, or if someone is injured because of your boat, or if your boat causes damage to other property, you will be held legally liable for the expenses that result. This could prove to be a great financial hardship. In some cases, legal actions could even be taken against you. If this happens, you will also be responsible for legal fees. Boat insurance will provide you with financial protection from these events so that you are not left paying out of pocket.

If you would like to learn more about boat insurance or any of our other insurance products, don't hesitate to contact us at P.A. Insurance Brokers LLC.