The law in Virginia doesn’t require you to have boat and watercraft insurance, but you are required to register the boat with the state and complete a boating safety course. However, there are some marinas in the state that require you to have insurance if you are docking your boat there.
If you have a homeowner’s insurance policy in Virginia, you have some coverage for your boat, but it’s not a lot. It’s a good idea to get additional coverage to protect your boat. Your homeowner's insurance policy will only pay out if damage to your vessel occurs at home, not on the water. The insurance you need will depend on the type of boat you have and what you are using it for. Your insurance policy should have liability coverage, as well as coverage for the boat itself, whether it is damaged in an accident or another event. You may also want to get coverage for any injuries to you and your passengers and coverage for the trailers that you use to transport the boat. An agent at Easley Hedrick Insurance & Financial in Richmond, VA can help.
Virginia can experience some weather events that make having boat insurance necessary. Hail damage can be a big concern in the state, as well as lightning, so it’s important that your boat insurance covers hail damage and you get additional coverage to protect your electronics and equipment against lightning strikes.
Check your policy for any navigational limits if you plan to use your boat outside the state.
Personal watercraft is defined as anything less than 16 feet long. This can include Wave Runners and jet skis. Boats are anywhere from 16 feet to 25 feet. Anything longer than 26 feet is considered a yacht.
Contact Easley Hedrick Insurance & Financial, serving Richmond, VA, to get a quote on boat and watercraft insurance.