When Are You Required to Have Boat Insurance in Colorado?

Boat Insurance in Colorado

Boating in Colorado can be a fun and rewarding experience, but there is still a potential for accidents and other mishaps when you own a boat. While it is not required by law to have a boater’s insurance policy, it can be a wise move to have it anyway. Damage to your boat as well as other boater’s property, theft, and other incidents can leave you with costly expenses and losses which could have been avoided with proper insurance.

We have years of collective experience helping boaters get great insurance coverage for their investments at Compass Insurance of Centennial, CO. Our agents work to get the best rates with great policies and coverage for watercraft of all kinds. We will be happy to assist you with a policy that is tailored to your specific needs.

Do I Need Boat Insurance?

Sometimes, if you finance your boat you will be required to obtain boating insurance by your lending institution. This can differ from one lender to the next, so it is important to check with yours. Another example where insurance may be required is if you have your boat at a marina. Some marinas require this type of insurance to dock your boat at their facility. It is advised that this insurance is good to have regardless if it is required by law or not. It will help keep you protected in the event of an accident or loss.

Quality Insurance in Centennial, CO 

At Compass Insurance, we have experience helping boaters get insurance coverage for peace of mind and safety. Our agents will be happy to discuss the details of your policy and help you determine the level of insurance you need for your boat in Centennial, CO.