Insurance

What types of boat insurance are required by law and what companies sell it?

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2010-04-20 16:24:44
2010-04-20 16:24:44

There is no state or federal law requiring boat insurance, however if you took out a loan to purchase the boat your bank may require it and some marinas require it. It is a good idea to have some kind of insurance coverage to protect yourself in case of an accident. Many of the companies that sell automobile insurance (such as Progressive and State Farm) also sell boat insurance and you may get discounts for purchasing them at the same time.

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