Understanding what’s required and what’s not can confuse a boat owner. As a boat owner, Georgia has no legal mandates for boat insurance. However, this doesn’t mean that there aren’t situations and circumstances that would require you to carry boat insurance. Our Macon, GA team at O’Mahony Insurance Agency LLC knows that understanding boat insurance can be confusing. As a result, we’re here to help.
What is Boat Insurance?
Boat insurance is similar to car insurance and many other forms of insurance in that it protects boat owners from financial loss. This includes loss from boating accidents, liability, theft, personal injury, and damage to your watercraft. Boat insurance protects against property damage, underinsured or uninsured boater coverage, and towing assistance. Your boat insurance covers any accident that could cause damage to docks, marinas, and other boats while you’re using your watercraft.
I use my boat once a year. Do I need boat insurance?
Although Georgia doesn’t legally require boat insurance, the marinas and docks you may use usually require it. Also, if you’re financing your boat, your lender will require you to carry boat insurance until it’s paid in full. Boat insurance is a safety net for both you and others. It provides a variety of different forms of coverage that are essential when it comes to financial protection in the event of unforeseen issues involving your boat. If you have more questions about boat insurance, we’d happily answer them. We’d be happy to help you understand the benefits of boat insurance and the circumstances it can help with. We can also help you explore your options and find the best coverage. Call us, we’re standing by. We’d be happy to help you understand the benefits of boat insurance and the circumstances it can help with.
