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

In Virginia, boats must be covered by liability insurance in order to legally operate. This means that if the boat becomes involved in a boating accident, the insurance will cover damages to the vessel or any other vessels or property affected in the accident. Liability insurance may also help to cover any injuries caused in the accident. It is important to note that this coverage is strictly for liability and does not apply to the replacement or repair of the vessel itself. The minimum insurance requirements for a boat operating in Virginia vary based on the size of the vessel. According to the Virginia Marine Resources Commission, boaters must carry at least $25,000 in liability insurance for vessels less than 26 feet, $50,000 for vessels between 26 and 40 feet, and $300,000 for vessels larger than 40 feet. In some cases a boater may need to purchase additional coverage, such as comprehensive protection, in order to cover any expenses associated with replacing or repairing the boat itself. This type of coverage is typically purchased in addition to the liability coverage and is not required by the state. Finally, it is important to remember that a boating accident may also include a legal component. In some cases, a boater may be held liable for a boating accident and must be prepared to pay the necessary damages. As such, it is wise to consider purchasing additional coverage or an umbrella policy for added protection.

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

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