Is Boat Insurance Required?

Getting out on the water in a boat or other watercraft is a hobby people enjoy all around the world, and Saint Charles, MO residents are no exception. When you are ready for a day on the water, the last thing you want to have to worry about is insurance coverage. Instead, learn about boating insurance requirements now.

Boating insurance is not required by Missouri law. However, that does not mean you do not need it. If you are currently making payments on your boat, the lender most likely requires that you carry insurance until you pay the boat off. This is so that their investment is protected in case of an accident. Take a look at your contracts or give your lender a call.

Additionally, the docks or marina you choose to boat in may require that you carry insurance in order to use their facilities. Before getting your boat on the road, call around to see who requires insurance so that you are prepared.

Even if you are not required to have boat insurance, you should consider obtaining it anyway. Your boat is an asset. In the case of an accident, could you afford to have it repaired and get it back out on the water? If the answer is no, a boat insurance policy can benefit you tremendously.

You should also take the value of the boat into consideration. The higher the value, the more important insurance coverage is. If your boat is already on its last leg, you may choose to forego insurance. No matter what you decide, be sure you have thought it through. Nieroda Insurance Agency can discuss your options with you and help you make a wise decision.

If you are a Saint Charles, MO boat owner and are considering boat insurance, Nieroda Insurance Agency can help you get the coverage you need, so stop by or give us a call today.