What type of insurance should I have to protect my boat in case of an accident?

If you have a boat registered in the state of Tennessee, it is a legal requirement to have a minimum of $25,000 liability insurance to protect your boat in the case of an accident. This coverage provides financial protection for any physical damage or injury that is caused by you or another person operating your boat. Additional coverage you may want to consider is collision and comprehensive coverage. Collision coverage pays the cost for repair or replacement of your boat if it is damaged in a collision with another boat, object, or due to a sinking. Comprehensive coverage protects your boat in the case of theft, vandalism, fire, and natural disasters such as flood or storm damage. You should also consider insurance coverage for medical expenses if someone is injured on your boat. This will provide financial protection if someone is hurt due to an accident involving your boat. You may also want to purchase uninsured/underinsured boater insurance. This type of coverage provides financial protection if the person at fault in the accident does not have proper insurance coverage. Ultimately, the level of coverage you choose for your boat should reflects the amount of financial protection you need in the case of an accident. Speak with a licensed agent to determine the best level of coverage for your needs.

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What type of insurance should I have to protect my boat in case of an accident?

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