The state of Kentucky does not require you to have boat or watercraft insurance. However, if your boat or personal watercraft is financed, the loan holder will mandate that you have insurance to protect their asset until it is paid off. In addition, many marinas will require boat or watercraft insurance watercraft you to dock your boat or store your boat for their protection.
What are the Kentucky Laws for Boaters?
The boating laws and regulations require a person to be at least 12 years old to operate a boat with a motor that is ten hp or over on the public waters. This also includes personal watercrafts, such as jet skis. Operators between the ages of 12 and 17 can operate a motorized boat over ten hp if they have passed a boating safety course and carry their certificate with them, or they are accompanied by another person that is 18 or older who has a boater education card.
What Kind of Insurance is Available for Boats and Watercraft?
Just as you have insurance on your vehicles, you should have insurance with Whitt Insurance Agency on any type of watercraft to protect it. Boat insurance is very similar to auto insurance policies.
- Property damage liability pays for expenses due to an accident you cause, it can repair or replace a boat, a boat dock, or any structure as well and it pays legal defense costs.
- Bodily injury pays expenses for injuries of others in an accident that you cause. It covers the other party's lost wages, pain and suffering, and bodily injuries as well as defense costs.
- Medical payments insurance pays for you and your passengers and others on your boating policy's medical expenses. You can also add water sports coverage to protect water-skiing family members.
- Physical damages insurance covers your boat and the trailer towing it for total replacement, agreed value, or actual cash value.
What are Special Boat Insurance Coverages?
To be fully protected, you can add fishing equipment coverage to protect fishing supplies on the boat or while transferring them on or off your boat. Personal property coverage covers your personal property on the boat or while loading and unloading it. Roadside assistance covers your boat while towing and fuel spill cleanup will include the removal of the debris and fuel after an accident.
We know at Whitt Insurance Agency that boating and watercraft insurance can be confusing, and we are here to help. You can give us a call or come by the office to speak with a knowledgeable agent and learn more about boating and watercraft insurance to protect your assets.