If you are a boat owner, do not overlook boat insurance, anymore than you want to overlook car insurance.  Significant damage can result from an accident involving your boat.  You can find yourself in much the same situation as if you were involved in an auto accident – as to damage to individuals, property and resulting liability. 

An example could be even something like the wake of your boat causing an accident to a skier, or another craft.  You, the boat owner, will be the one held responsible if your boat was determined the cause.  If your boat causes damage to someone’s property you can be required to pay for repairs or replacement. Even an oil spill (though unbeknownst to you) can make you subject to expensive cleanup measures and/or fines.  Especially if you enjoy your boat in a public place, boat insurance is a wise decision affording you needed protection.

Something else to keep in mind, especially if you have a larger boat, is the protection boat insurance gives you if anyone is doing repairs to your boat and suffers an injury.  Maritime law stipulates your liability for anyone working on your boat.  

Obviously ones that are on your boat, enjoying themselves, are family and friends, however if there is even a minor injury, due to a fall or cut, someone is still responsible for any medical bills.  If they are not covered by the other party’s insurance, guess who is responsible. 

Right!  You are!  So, for the greatest protection and peace of mind look into affordable boat insurance.