Owning a boat is a lifelong dream for many. However, boats are prone to operational hazards, making a good insurance plan essential. While you want to talk to an insurance agent before buying a plan, knowing what questions to ask will help you know what exactly your insurance covers.

Common FAQs About Boat Insurance

Is boat insurance required?

While most states don’t require boaters to carry insurance, your lender might if you financed the purchase of the vessel. Without insurance, you’ll have to pay for any damage out of pocket.

How much insurance do I need?

The amount of coverage you need depends on several factors, including the type of vessel you own, how old it is, and how often you take it out on the water. Most insurance agents recommend carrying about $1 million in liability coverage, or more if you have a big boat that could cause a lot of damage.

What if my boat is stolen?

In addition to damage and personal liability, comprehensive boat insurance also covers losses due to theft or vandalism. However, be sure to ask your agent if your plan covers personal possessions on board.

Do I need to talk to an insurance agent?

It’s easier than ever to get insurance quotes online, but knowing which policy is best for you isn’t always so obvious. An insurance agent will take the time to understand your needs, identify your options, and ensure you’re adequately covered.

Since 1944, the insurance agents at Hummel Insurance Services have provided high-quality policies and reliable advice to boat owners throughout southwest Iowa. They’ll take the time to understand your needs, shop around for the best deal, and recommend the perfect policy for you. Visit their website for a list of their personal insurance services, follow their Twitter for updates and news, or call (712) 482-6424 to speak with an agent and request a quote.