Boat insurance provides coverage for recreational watercraft, protecting against damage, theft, or accidents. It typically includes liability coverage for injuries to others or damage to their property, as well as physical damage coverage for the boat itself, whether due to collision, weather, or vandalism. Additional options like comprehensive coverage, medical payments, and towing assistance can be added to enhance protection. Boat insurance ensures financial security for boat owners, helping to cover repair costs, medical expenses, and potential legal fees after an accident on the water.
While Pennsylvania doesn't legally require boat insurance, it's highly recommended. Boat insurance offers broader coverage than a standard homeowner’s policy, including increased liability and physical damage protection, and even optional coverage for personal items like fishing gear. It is always a good idea to have a stand-alone boat policy to ensure you do not have any issues in the event of a claim. The cost of boat insurance varies based on factors like boat type, size, and location. Discounts may be available for experienced boaters or those with prior insurance.
