What type of insurance do I need to protect my vessel and myself in the event of a boating accident?

When operating a vessel in Virginia it is important to be protected in the event of a boating accident. The type of insurance required will depend on the type of boat, the size of the vessel, and its intended use. Generally, boat operators are encouraged to obtain both liability insurance and uninsured/underinsured motorist coverage. Liability insurance protects you in the event you are at fault in a boat accident. This type of insurance pays for damages to other boats and/or property, and for medical bills should someone be injured in the accident. Uninsured/underinsured motorist coverage helps protect you from other boaters who lack proper coverage or who do not have enough coverage to cover the costs of an accident. If the vessel is valued at over $45,000, it is also recommended that boat owners obtain physical damage coverage to protect their vessel in the event of an accident. To further protect your boat, you may also want to purchase additional coverage from a specialty insurer, such as for towing and labor costs or for liability arising from recreational activities such as fishing and water skiing. Finally, it is important to check with your insurance provider to make sure your coverage meets the minimum requirements set by the state of Virginia. All motorized vessels in Virginia must also have a valid vessel registration, and all operators must have a valid boating license. Formulating a plan to protect yourself and your vessel in the event of an accident is vital for your safety and may help to reduce costs associated with a boating accident.

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What type of insurance do I need to protect my vessel and myself in the event of a boating accident?

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