Owning your own boat or watercraft is a great way to make lasting memories with your friends and family as well as a means to get out in nature more often. Although this can be a great addition to your family's recreational options, there are responsibilities that come along with boat or watercraft ownership. At Miao Insurance Services, serving Pleasanton, CA, we understand that the better educated you are on insurance topics, the better insurance choices you can make. Keep reading to find out what you need to know about boat and watercraft insurance in California.
Although boat and watercraft insurance is not required by law in California in order to operate your craft legally, there are still critical reasons why you should consider investing in boat or watercraft insurance. Even if this insurance policy is not required by law, if there is an accident involving your craft, you will be held legally responsible for damages. If your craft causes damage to another craft, the owners can take legal action against you. If your craft causes an injury to another person, they can also take legal action against you. These legal actions can be very expensive and, in some cases, put you in a financially vulnerable place. Boat and watercraft insurance helps to protect you against this.
Another important aspect of boat and watercraft insurance is that the policy also protects you in the event that your boat is damaged. You have made an investment of both time and money into your boat. If the boat is damaged due to an accident, natural disaster, or loss by theft, you will have lost that investment. Having a good boat or watercraft insurance policy in place will help you to pay for the expenses incurred by the damage.
If you would like to learn more about boat or watercraft insurance, please contact our friendly office at Miao Insurance Services, serving Pleasanton, CA today.