Boat/Watercraft Insurance in Nevada

Boating is one of the most popular pastimes in the world. Data from the National Marine Manufacturers Association shows that 75 million people in the United States participate in recreational boating. But life on the waters carries a significant level of risk as seawater can be unpredictable. Ancient sailors knew this all too well and took appropriate measures to protect their vessels at sea. This explains why boat insurance is one of the oldest forms of insurance.

Boat insurance provides protection from loss or damage caused by risks such as collision, theft, storms, fire, sinking, etc. Unlike auto insurance, boat/watercraft insurance is not mandatory in Nevada, but that doesn’t mean that you don’t need it. It covers yachts, leisure crafts, paddle boats, pontoon boats, fishing boats, and any other type of watercraft with a motor. You can purchase boat/watercraft insurance from Hinman & Associates Insurance in Nevada.

Insuring Your Boat

While the state of Nevada doesn’t require boat owners to carry boat insurance, marinas often require insurance from boat owners looking to dock their boats. Also, banks also require boat insurance if a boat owner wants to take out a loan using the boat as collateral. It is imperative to have boat/watercraft insurance in the event of an accident. When it comes to ensuring your boat, there are several options to consider.

Some homeowners’ policies cover the family boat, but this option provides rather limited coverage when it comes to boat insurance. You’ll need additional coverage to ensure full protection. Consider coverages such as collision damage, property damage, bodily injury, and comprehensive coverage to guarantee compensation if your boat is stolen, vandalized, or otherwise damaged in a non-collision-related incident. Hinman & Associates Insurance in Nevada provides boat/watercraft insurance in the state. Give us a call or visit our offices in Reno & Sparks, NV if you are looking to purchase boat/watercraft insurance in the area.