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Is Boat Insurance Required in PA?

By November 4, 2022Insurance

Pennsylvania is a state that has many lakes and rivers, making it a popular destination for boaters. While boat ownership may be a fun pastime, it also comes with some risks. Boat insurance can help pay for repairs or replacement if your boat is damaged or stolen, and it can also provide liability coverage if you’re responsible for an accident. That’s why it’s important to have boat insurance in case something happens while you’re out on the water. In this blog post, we will answer the question: is boat insurance required in Pennsylvania?

No, boat insurance is not required in Pennsylvania. The three states that require boat owners to get insurance are Arkansas, Hawaii, and Utah. However, just because it isn’t required for PA doesn’t mean you shouldn’t have it.

What to Look For When Shopping For Boat Insurance:

There are a lot of things to consider when you’re buying boat insurance. The first question you must ask yourself is: do I even need it? Many people assume that they need boat insurance, but in reality, it’s not always necessary. Some factors to consider are:

  • The type of boat you have
  • The value of your boat
  • How often do you use your boat
  • Where you keep your boat
  • Whether you belong to a boating club or association

There are many different boat insurance policies available, so shopping around and comparing rates before purchasing a policy is essential. You can get quotes from insurers online or by talking to an agent.

When Do You Need Boat Insurance?

If you’re financing your boat, the lender will most likely require insurance. Even if you’re not financing, it’s still a good idea to insure your boat if it’s valuable or if you use it often. Insurance will protect you from financial loss if your boat is damaged or stolen.

Liability Insurance:

A few different types of coverage are available when you’re insuring your boat. The most basic type of coverage is liability insurance, which will pay for the damages you’re responsible for now. If you cause an accident, liability insurance will cover the cost of repairs for the other boat. It will also cover any medical expenses for the other people involved in the accident. You should always carry liability insurance, even if your boat is old or not worth much money.

Collision insurance:

Another type of coverage available is collision insurance. That is the cost of repairs should your boat get damaged in an accident. It is a good idea if you have a newer or more expensive boat. If you don’t carry collision insurance, you’ll be responsible for paying for all the repairs yourself.

There are also a few additional coverages that you can add to your policy, such as medical payments coverage and personal property coverage. Medical payments coverage will cover any medical expenses you or your passengers incur after an accident. Personal property coverage will pay to replace any of your belongings damaged or stolen in an accident.

Choosing the Right Boat Insurance:

It can be tricky. You need to ensure you get enough coverage to protect your investment, but you don’t want to pay more than you need to. Our team at The Kind Insurance is here to provide you with the best insurance at the best available rates. We’ll go over your circumstance and  insurance needs, and search high and low to find the plan that works best for you. Contact The Kind Insurance Agency today!