Boat/Watercraft
Insurance In Indiana

Indiana has numerous boat-friendly water bodies. Unsurprisingly, a considerable number of its residents own a boat. If you are a boat owner in the "Hoosier State," you have likely been advised more than once to get watercraft insurance.

Is Watercraft Insurance Necessary in Indiana?

Unlike car insurance which all motorists are mandated to have by state law before using public roads, there is no law requiring boat owners in Indiana to have watercraft insurance before using public waterways. However, boat owners are required to register their watercraft with the Indiana Bureau of Motor Vehicles before operating them in public water bodies.

Although boat insurance isn't required by state law, we at Trestle Insurance Agency Inc. in Evansville, IN, advise that getting it's in your best interest. Similar to cars, boats are expensive assets. Boat insurance will protect your asset and you from various risks and liabilities. Additionally, many ports and marinas in the state require some boat insurance to use their facilities. Keep in mind that roughly 4000 watercraft accidents occur annually. Furthermore, if you plan to finance the purchase of your watercraft or use your vessel as collateral for a loan, the lender will likely require you to have boat insurance.

Does my Homeowners Insurance Policy Cover my Boat?

Many boaters in the state often assume their homeowner's policy covers their vessels. However, this isn't always the case. Depending on your homeowner's insurance policy coverage and the size of the boat you have, your vessel might be covered under your homeowner's policy. Remember that only small watercraft like non-motorized kayaks are often covered, and significant limitations exist on the types of risks and liability covered. That's why it's always best to get stand-alone watercraft insurance.

Need Watercraft Insurance in Indiana?

Come to Trestle Insurance Agency Inc. in Evansville, IN, for outstanding deals. Contact us today for more insights on boat insurance.