Watercraft and Boat Insurance in Lumberton, North Carolina
Boat insurance is an essential form of financial protection for anyone who owns or operates a watercraft. It can help boaters enjoy their time on the water, knowing their investment is financially safeguarded against unexpected events.
What Is Boat Insurance? 
Boat insurance is designed to protect individuals who own and use boats or other types of watercraft. It offers financial coverage for a variety of risks associated with boating, including accidents, theft, vandalism and other potential dangers encountered on the water.
What Does Boat Insurance Typically Cover?
Boat insurance policies often include several key types of coverage:
- Physical damage coverage
- Liability coverage
- Medical payments coverage
- Uninsured/underinsured boater coverage
- Personal property coverage
Is Boat Insurance Mandatory?
Whether boat insurance is required depends on your location, the type of boat and local laws. Unlike auto insurance, boat insurance isn’t universally mandated. However, it may be required in certain situations, such as when financing a boat or docking at a marina, and is often strongly recommended.
How Does Boat Insurance Work?
Boat insurance functions through a policy agreement between you and your insurer. After choosing a plan and paying your premiums, your coverage remains active for a set term, usually one year. If a covered incident occurs, you file a claim with your insurer, providing the necessary documentation. The insurer reviews the claim, sometimes involving an adjuster, and, if approved, issues compensation for repairs, replacements or medical costs.
Learn More
To explore your options and verify that you have the right coverage, contact Your Choice Insurance Center today.