Do You Need Boat Insurance in Louisiana?

March 24, 2015

Although it’s not mandatory, boat insurance is strongly suggested when setting sail in the Bayou.

Boat Insurance - Baton Rouge, LA

Believe it or not, the spring and summer months are right around the corner! Soon enough we will be ready to hit the water for another season of boating. Luckily for us, we are surrounded by water which makes for the perfect summer boating trips.

Although Louisiana doesn’t require you to have boat insurance, it’s still highly recommended.

If you’re in a boat collision you may be put at risk, and having boat insurance can help ease the situation. Also, boats and boat repairs don’t come at a cheap cost, so having some form of protection may help lower the costs if you’re involved in an accident.

Boat Coverage Options

If you decide to obtain boat insurance you’ll have access to several coverage options. Considering that boat insurance is optional, it allows you to create a much more customized insurance coverage plan.

In general the typical coverages will include:

  • Liability
  • Boat Coverage
  • Medical Coverage

For those interested in getting boat insurance, you should take into account the size of your boat, age of your boat, and the type of boat that you have. All of these factors will determine the best coverage for you and your boat.

Uninsured Coverage

Sailing the waterways can potentially put you at risk for an accident. Since boat insurance isn’t required in Louisiana, you can obtain an uninsured coverage option to protect you and your property in the case of a collision by an uninsured boater.
When Boat Insurance Is Required

There may be some situations where having boat insurance is a requirement in Louisiana.

One situation may be if you use your boat as collateral for a loan. In this situation your bank may require you to have insurance.

You may also need boat insurance in order to dock your boat at certain marinas and harbors. It’s important to look into the specifications on where you’re planning to dock your boat.

We’re Here to Help

Although the state of Louisiana doesn’t require boat insurance, we want to make sure that you are well protected when hitting the water.

If boat insurance is something that you’re interested in, or interested in knowing more about, feel free to contact us today. We will have you sailing worry free this upcoming spring and summer!

Photo Credit: CC Image Courtesy of finchlake2000