Liability coverage protects against bodily injury or property damage caused by your watercraft, covering medical expenses, legal fees, and related costs.
Physical damage coverage safeguards your watercraft, including repairs or replacements due to accidents, storms, theft, vandalism, etc.
While not legally required in all jurisdictions, watercraft insurance is highly recommended for boat owners to avoid significant financial liabilities.
Many marinas, yacht clubs, and water recreation areas require watercraft insurance for docking or mooring, and lenders may need it for financed vessels.
Watercraft insurance provides peace of mind, ensuring you can enjoy your time on the water without worrying about potential financial repercussions.