Is Boat Insurance Required For Small Vessels?

In Manchester, NH, boat insurance is not legally required at all, even for large vessels. You are required to carry insurance to dock at most privately-owned piers, however. This is because boat-on-boat collisions, while rare on the open water, are fairly common at the docks. In order to keep a lawsuit from landing at their own feet, most dock owners will ask that anyone using their docks carry their liability insurance.

So the question comes down to: Does this extend to smaller vessels? And the short answer is yes. Any boat you want to dock at a privately-owned pier, jetty, or wharf, you’re probably going to have to get insured.

At a certain point, this becomes trivial, of course. An inflatable raft can be launched into the water from anywhere. You don’t need a dock. The same goes for many small fishing boats, canoes, kayaks, and so on. The only reason to insure these vessels is to protect your own interests, and with many small vessels, the total cost of the boat or watercraft may be less than a year’s worth of insurance premiums. Liability might not be a significant concern for very small vessels, either. It’s hard to do much damage in an inflatable, non-motorized raft. 

So here’s what you need to consider: Is your boat big enough to dock? If so, it’s unwise to go without insurance. But small, "hobbyist" vessels don’t invite a lot of financial risk into your life.

If you’re looking to get covered in Manchester, NH, get in touch with us at Associated American Insurance. Call, go online, or stop by the Associated American Insurance offices and let’s see what we can do for you.

How will boat insurance in New Hampshire protect me?

Living in the Manchester, NH area can be a great experience. One of the main benefits of living here is that you will be able to enjoy the lovely weather during the warm summer months. One of the best ways to do this is by getting a boat. If you are going to purchase a boat in the Manchester area, you should make sure that you have it adequately covered by boat insurance as it can protect you in several ways. 

Ensures Coverage for Liability

Even people that are outstanding operators of boats will run the risk that they could cause an accident. If you do create an accident, it could result in significant damage, repairs, and other expenses. When you get boat insurance, you will have coverage for all of your liability costs. This will prove to be very valuable if you are ever found to be at fault.

Protects Your Boat

Another advantage of having boat insurance is that it will protect your assets. If you are going to buy a boat, you should ensure that it is covered for as many loss-creating situations as possible. This should include theft, vandalism, and accident damage. A boat insurance policy will give you the coverage that you need. 

There are a lot of reasons why someone will want to get boat insurance when they are in the Manchester, NH area. When you want to get a new policy, it would be a good idea to contact the team at Associated American Insurance. The insurance professionals at Associated American Insurance can help you to understand all of your boat insurance needs and options better. This will make sure that you find a good policy that adequately protects you and your watercraft.