Do I Need To Insure My Boat?
Insurance
It’s vital that you take out insurance from the day of completion.
It is also compulsory before you can apply for your waterways licence.
Insurance will give you the protection you need should your boat get damaged or stolen.
It can also provide cover should you accidentally damage another person’s boat or if you injure someone.
Considering the sums of money involved in your investment boat insurance is relatively inexpensive.
There are generally two types of insurance.
Fully Comprehensive & Third Party.
These are similar to other types of insurance on the market. Levels of cover and the premiums do vary widely.