While insurance for watercraft is not mandatory in many states and/or lakes, it is still very critical to at least include liability protection. Judgments for accidents may be just as high as a high speed car accident. Contributing to high judgment awards are factors such as excessive speed, alcohol use, inexperience operators, failure to obey Maritime laws and neglecting proper safety equipment. The lack of a requirement to carry insurance does not change the fact that you will still be held responsible for your actions. However, the presence of proper insurance will act as your financial backing and help pay expenses for which you become legally liable.

Different coverage options and their definitions may be viewed by clicking the above tab.  These basic definitions will give you a good start in your understanding and assist in selecting the right coverage, amounts and deductibles.