Californians own 7 percent of all the boats registered in the United States. In fact, at the end of 2011, there were 855,243 boats registered in this state. Unfortunately, many of them lack boat insurance. Although boating can be an enjoyable and relaxing pastime for Californians, this activity does not come without risks. An accident while boating has the potential to cost you thousands of dollars if you don't have suitable insurance. Whether you prefer quiet weekends angling for trout on the Sacramento River in your fishing boat, cruising the Pacific Ocean on your yacht or towing water skiers behind your motorboat on Lake Tahoe, you may want to compare boat insurance quotes in California before you take your vessel back out on the water.
Boating accidents are on the decline in this state. In 2007, there were 601 reported accidents. The numbers have been dropping significantly every year since. This is good news for the state’s boaters. However, costly accidents do happen, so this positive trend in no way negates the need for a suitable boat insurance policy.
Although most marinas will require you to carry boat insurance to keep your vessel at their facility, this coverage is not mandatory in California. Many residents, therefore, feel that it is not very important or that they can save money by foregoing coverage. However, if you are involved in a boating accident, the costs can sometimes be quite high, particularly if you are responsible for property damage or bodily injury to a third party. Worse, if you cause an accident that results in a fatality and you are uninsured, you stand to lose a lot in the way of personal assets. You may even have to file for bankruptcy.
While your homeowners insurance may provide you with a measure of coverage, it is typically very limited. Only a boat insurance policy can provide you with the full coverage you need to handle the many different types of hazards and potential financial losses you face when you take your boat out on the water.
Boat insurance offers California residents a number of coverage options. The following are the coverage types you can expect to find:
Boat insurance costs generally range from $20 to $100 a month, depending on a number of factors. When you request boat insurance quotes in California, insurance companies will calculate your rate based on a number of considerations, including the following:
You may also want to consider taking a boating safety course. In California, only those convicted of a Harbors and Navigation Code moving violation while operating a boat must take such a course. However, taking this course, even if not necessary, is to your advantage, as successful completion can earn you a discount on your boat insurance policy.
If you are like most people, you will want to be certain that you are not overpaying for your boat insurance policy. This is why comparison-shopping is crucial. When you work with an independent agent in the Trusted Choice® network, your agent can do the comparison-shopping legwork for you. In addition to providing you with a selection of policies and quotes from a variety of insurance companies, these agents can answer your insurance-related questions and help you assess your coverage needs.
Trusted Choice agents have offices in several locations throughout the state and are available to help you with all of your insurance needs. Contact an agent near you for more information so you can start comparing boat insurance quotes in California