Owning a boat or a yacht in California means you can escape the hectic life on shore and let the ocean breeze wash the stress away. It also means you need marine insurance in California to be prepared for any damages or risks you potentially face running into out on the water.
Potential Risks and Coverage Options
While California does not experience hurricanes, there can still be rough waters off the coast. Having an insurance policy can protect you whether damage happens out on the ocean or in the marina.
These policies can cover the sails, hull, collision damage, equipment and even towing. The following is a list of potential marine insurance options:
- Property insurance
- Marine liability insurance
- Underinsured or uninsured boaters
- Mexican watercraft liability
However, not every risk you face is found on the water. If you own a yacht club or sailing school, you need different coverage than you do for owning a boat.
Some of the options you have include the following:
- Workers’ compensation
- Jones Act coverage
- Pollution and oil spills
- Directors and officers insurance
- Errors and omissions insurance
Feel Secure With the Right Coverage
Whether you use a boat for recreational activities on the weekend or operate a boating business, you need marine insurance in California to be safe. With this insurance behind you, you can feel confident sailing on the water and hosting regattas or sailing lessons.