According to National Underwriter magazine, recreational boat sales hit a 10-year low in 2010 after the recession of 2008. This year, boat sales are actually expected to top pre-recession levels. They also note that 95% of boats sold are 26 feet or shorter.
If you are considering purchasing a boat or other recreational water vessel, be sure to educate yourself on the laws and regulations in your state. In Missouri, if you were born after January 1, 1984, you must pass an approved boater safety course from the state to operate a vessel on Missouri lakes. Visit https://www.boat-ed.com/missouri/ to learn about and take the online course. Even if you aren’t required to take the course, you should review the Missouri Boating Handbook if you plan to operate a vessel on any Missouri waterways.
After you purchase a boat, make sure you are adequately covered for this exposure. Property coverage for your boat and related equipment can be added to most of our personal lines policies. Also, liability coverage is available to protect you in the event a covered lawsuit is filed against you resulting from the use of your watercraft. Contact one of our local agents for a quote today.
This information is meant to be a broad overview and should not be the only source you consult for evaluating insurance coverage or purchase. The description of coverages and programs are purposely brief and are subject to specific policy provisions, limitations and exclusions that can only be expressed in the policy itself. For a complete explanation of coverages, please consult one of our licensed agents.