Am I Required to Carry Boat Insurance?

For people in the Glendale, CA area, spending an afternoon on a boat on a hot summer day is a great and gratifying activity. While most people consider a boat to be a recreational vehicle, it is also something that is very valuable and needs to be adequately protected by insurance. There are several situations in which you will need to make sure that you have the proper coverage in place on your boat. 

Local Requirements

When you are looking to operate a boat in California, there are no state laws that will require you to keep your boat insured. However, California is full of local lakes, marinas, and waterways that can have certain rules and regulations. Due to the risks that come with operating a boat, you may be required by local associations to keep at least a minimum liability insurance policy in place at all times. This will give coverage to you in the event you are at fault in an accident while operating your boat.

Lender Requirements

Since boats can be very expensive, many people today take out loans to finance the purchase. When you are looking to buy a boat, you should understand if your lender will require you to carry insurance. This is often a basic requirement set forth by lenders as it will help to ensure that their collateral is protected.

If you have a boat in the Glendale, CA area, you should reach out to Voi Insurance Solutions, LLC to determine whether or not you need to have boat insurance. The team at Voi Insurance Solutions, LLC will also be able to help you to understand better what levels of coverage you should get to make sure you get the best policy possible. Reach out to our offices to speak with an agent and get a quote.