My husband and I are getting ready to purchase a used boat. It is a 1997 and we will be getting a loan through the bank for like $10,000. Will we have to carry boat insurance? We will only be using the boat on the river and maybe a few large lakes.

Of course you need insurance, how else would the bank collect on the note if the boat was destroyed by fire, or stolen ? If it's a personal loan, you're on your own.

yes. because it is financed just like a car. you will want insurance. remember insurance= in case sh!# happens.

i think its best if you carry boat insurance with you.better be safe than sorry.