For boat enthusiasts who enjoy cruising the waterways of Cincinnati, OH, insurance for their watercraft is often a consideration, but is it necessary? If you’re thinking about buying a boat but are unsure about the type to purchase or whether it will need insurance, call us at Advantage Insurance Network. Our agents can explain Ohio’s stance on boat insurance, situations that may require coverage, and the benefits of having insurance.

Ohio Watercraft Insurance

In Ohio, watercraft insurance is not a state requirement. However, if you are financing or leasing your boat or other types of watercraft, your lender will likely require you to carry insurance. Another situation to consider is docking at a marina. Whether you’re fueling up, taking a break, or grabbing a bite to eat, many marinas require proof of insurance before allowing you to dock. This ensures protection for other boats at the marina in case your vessel causes damage. Insurance options for these situations include comprehensive coverage, collision coverage, and boat liability coverage.

Benefits of Having Watercraft Insurance in Cincinnati, OH

Even if you own your watercraft outright and don’t plan to use marina services, it’s highly recommended to insure your boat. Liability insurance covers injuries, property damage, and damage to other watercraft when you’re at fault. Collision coverage protects against incidents where your boat comes into contact with another vessel, a dock, or other objects. Comprehensive coverage safeguards your investment against risks such as fire, weather-related damage, vandalism, and theft.

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If you plan to enjoy time on the water, let our agents at Advantage Insurance Network provide you with the right insurance to protect your investment and your financial future.