Boaters aren’t required to carry insurance. However, you may need it to use different docks and marinas. You may also need it if you are financing your boat. Aside from these reasons, boat insurance is a good idea because it provides bundled coverage in different areas. Our team at S & S Insurance Services Inc. understands that boat coverage, although optional, may not seem like a necessity. However, boat insurance provides many benefits regarding injury, liability, property damage, and more. Our Oklahoma City, OK, team is prepared to help boat owners understand the insurance benefits and get the coverage they need.
What is Boat Insurance?
Boat insurance provides financial protection for boat owners through liability, property damage and injury coverage, towing, theft, and more. You can also get coverage for your injuries and your boat’s damage as well. Many boat owners would be ill-prepared to pay for someone else’s injuries due to a boating accident where they’re found at fault. Also, many boat owners would be unprepared to pay for personal injuries and property damage. Boat insurance takes care of these situations.
I live in Oklahoma. Am I required to carry boat insurance?
No. You aren’t required to carry boat insurance according to state law. However, if you are financing your boat, your lender will likely require you to carry insurance until your boat loan is paid in full. Also, many marinas and docks require boat owners to have insurance to dock or use their marinas. Plus, having insurance if you are docking near other boat owners and using marinas is a good idea. There’s always a possibility that an accident could occur when operating your boat around other boats. Call us if you’re a boat owner with questions about boat insurance. We’re standing by.
