With a vast coastal region and breathtaking natural scenery, California is a boater’s paradise. But is boat insurance required in California? Let’s find out.
Is Boat Insurance Required in California?
Like most states, California law doesn’t require you to carry boat insurance. However, purchasing insurance for your boat or watercraft makes sense for several reasons.
First off, some marinas and clubs ask you to carry insurance in order to gain membership. So while insurance is not a legal requirement in California, you may still need to get it so you are able to store your boat.
Plus, insurance gives you peace of mind by protecting you financially. Keep in mind that while some homeowners policies may also include your boat, this coverage is limited and it doesn’t include liability insurance.
Dedicated boat insurance usually falls into two categories:
- Actual cash value. This type of policy helps pay for repairs or replacement minus depreciation at the moment of the incident.
- Agreed amount value. In the case of a total loss, you are paid an amount previously agreed upon with your insurer.
Lay-Up Period and Navigational Territory
If you are planning to get boat insurance, make sure to understand two basic terms: lay-up period and navigational territory.
The lay-up period refers to the months during which you don’t use your boat. Some insurers offer a discount for every month your boat is laid up.
The term “navigational territory,” on the other hand is the territorial limit where your insurance is valid. Needless to say, it’s crucial to understand the navigational territory outlined in your policy. If you were to have an accident outside of that area, your insurance may not cover you.
Finally, remember that the safer you navigate, the greater your chances to qualify for a discount on your premiums. Some measures you may consider include taking a qualifying boater safety course, installing a ship-to-shore radio, and carrying coast guard-approved fire extinguishers.
Looking for Boat Insurance? Contact the Experts at Delgado’s Insurance
If you are looking for assistance with your taxes or insurance, contact the experts at Delgado’s Insurance.
We have locations in Riverside, California, and Bloomington, California. Contact us today by telephone (951-361-0084, 909-421-9003), email (mail@delgadosinsurance.com), or through our social media accounts (Facebook, Twitter) to get a free quote and learn more about our wide array of services.
