Risks of not having proper boat/watercraft insurance

Boat and watercraft insurance is not required by law in Iowa, which leads many owners to forego it. However, not having a boat or watercraft insurance policy can pose significant risks. This blog post will discuss the potential risks you may face if you decide not to purchase boat or watercraft insurance.

Risks of Not Having Boat/Watercraft Insurance

• Damage to your vessel. Accidents can happen unexpectedly. If your boat or watercraft is damaged in an accident, you will have to cover all the repair expenses yourself.
• Medical expenses. Without a proper insurance policy, you and your passengers will not be covered for medical costs in case of an accident and injuries.
• Vandalism and theft risks. Theft and vandalism are unfortunately common. If your vessel is vandalized or stolen, your boat/watercraft insurance will cover your loss. However, without a policy, you could lose thousands of dollars.
• Liability risks. If an accident occurs and you cause damage to others and their boats, you will be responsible for covering all the damage. Without insurance, this could cost you a fortune.

As you can see, owning a boat or watercraft without proper insurance is a risky decision. It would be best always to have adequate boat/watercraft insurance as a responsible vessel owner. If you are currently shopping for an insurance policy in Lansing, IA, or any other nearby area and do not know where to start, Kerndt Brothers Insurance Agency is here to help. We specialize in different types of insurance, including boat/watercraft insurance. If you live in Lansing, IA, or any surrounding area, feel free to call us to find out about available insurance options.