Understand Uninsured/Underinsured Watercraft Coverage: Boat Insurance Explained
Boats are a lot of fun, but they can also cause many headaches!
Currently, there are only two states in the US legally requiring boat owners to purchase insurance - Arkansas and Utah.
Therefore, if you are sailing outside of these two states, you may well find yourself coming across uninsured boaters.
This can leave you with significant financial issues when an unexpected accident occurs. Marine Insurance Now explains the importance of uninsured/underinsured watercraft coverage to protect yourself against such incidents.
When a third party does not have insurance to cover the damage they caused, you may have to cover the costs yourself, leading to considerable financial burdens.
Learn more at https://marineinsurancenow.com/all-aboutuninsured-underinsured-watercraft-coverage/
Read the full guide today!