What is the insurance coverage for a vessel involved in a boating accident?

In North Carolina, the insurance coverage for a vessel involved in a boating accident is determined by the state’s minimum insurance requirements. All boats must carry a minimum amount of insurance coverage for liability and uninsured boaters. Liability coverage is for bodily injury or property damage caused by the boat owner’s negligence. Uninsured boaters coverage is for bodily injury or property damage caused by an uninsured boater. In general, boats must carry a minimum of $30,000 in liability coverage and $25,000 in uninsured boaters coverage per boat and $25,000 in property damage coverage. The minimum coverage applies to all boats registered in North Carolina, regardless of their size or type. Boats owned by non-residents are also required to comply with North Carolina’s minimum coverage requirements. In addition to the above minimums, boat owners may choose to purchase additional coverage. Increased liability coverage from a third-party insurer is often recommended for boats participating in activities such as fishing tournaments or boat racing. Boat owners should also consider adding medical and personal property coverage. Finally, it is important to note that boat insurance policies do not cover damage that may be caused by the operator. For this reason, boat owners should always take the necessary precautions when operating a vessel, such as wearing life jackets and adhering to safe boating practices.

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What is the insurance coverage for a vessel involved in a boating accident?

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