in California, do you have to have insurance on your boat?

sodomite101 · #1 (**permalink**) 07-20-2007, 01:12 AM

ive never had insurance on my boat before,,,,

ZinaRae · #2 (**permalink**) 07-20-2007, 01:12 AM

No. Insurance is not required. But just have an "accident" and see what happens to you, your home, your paycheck, your IRS's and every other asset you own. If it's financed, then you'll need insurance. If it's stolen, then you'd have wished you had insurance.

science teacher · #3 (**permalink**) 07-20-2007, 01:13 AM

Insurance is required by a lender or by a marina where a boat is kept. There are more and more boating accidents, with increasing payouts. Our marina requires 1 million coverage, others more.

scubamasterme · #4 (**permalink**) 07-20-2007, 01:14 AM

Boat insurance is only required if you are financing the boat or if you keep it in a marina.

I would highly recommend getting some insurance. It is a lot cheaper than you might think. I have a $65K boat and I pay $60 a month.