There are over 200,000 registered boats in Maryland alone, according to the Maryland Department of Natural Resources. You can find a boat insurance policy right here in Maryland, to protect your finances from the cost of an accident on the water or on the road. Quotes on boat insurance are easy to find, and can be customized to your vessel and coverage needs.
Boating is tremendously popular in Maryland, and it is a vital part of the local economy. A 2009 study found that for every six boats registered in MD, one full-time equivalent job was created for the state. Having the right coverage on your boat helps to ensure that your boating activities continue to be a positive experience, and not a drain on your finances.
Boat insurance can cover just about any type of boat you might own, from canoes to yachts. For example, you might need boat insurance for one of the following:
Maryland state law requires that each motorized vessel carry a title and registration, but there is no requirement for boat insurance. If an accident occurs on the water, including running aground or hitting a stationary object, you are required to report any damage over $2,000, along with any injury that may have occurred. Boating insurance can help you recover the costs of medical payments, property damage, and wreckage fees after an accident. That is why many Maryland boaters choose to insure their vessels, regardless of the fact that it is not a legal requirement.
Boat insurance policies can cover a wide range of boats and scenarios. A local agent can show you quotes for the type of boat you use, and help you find the right level of coverage for your usual boating activities. These are a few of the coverage options you may need:
A local agent in the Trusted Choice® network is your best source of information on affordable quotes for boat insurance. Trusted Choice agents are independent agents, which means they are free to access a wide variety of carriers and policies, to find the one that best fits your boat and your favorite maritime activities. Prices on boat insurance vary widely, based on the value of your boat, the way you use it, and the level of coverage you choose. Contact a local agent today to find the right amount of boat coverage for your adventures on the water.