Watercraft Insurance Basics for Georgia Boat Owners

Owning a boat in Georgia offers endless opportunities to explore scenic lakes, rivers and coastal waters. But before you set sail, it’s essential to understand the basics of watercraft insurance.

Is Boat Insurance Required in Georgia?

Georgia does not legally require boat owners to carry insurance. However, that doesn’t mean you should skip it. Boat loans typically come with a requirement from the lender to have insurance. Likewise, many marinas and yacht clubs mandate liability coverage before allowing you to dock.

What Does Watercraft Insurance Cover?

Watercraft insurance typically includes the following types of coverage:

• Liability coverage can help cover damage or injury you cause to others.
• Collision coverage can help pay for repairs to your boat after an accident.
• Comprehensive coverage can help cover theft, vandalism or weather-related damage.
• Uninsured boater coverage can help cover your expenses if another boater without insurance causes an accident.

Why It’s Worth It

Even though it’s not mandatory, boat insurance is a wise investment. Accidents on the water can lead to costly repairs, medical bills or legal fees. With average premiums in Georgia ranging from $200 to $500 annually, this safety net is well worth the price.

Learn More

Whether you’re cruising Lake Lanier or fishing off the coast, having the right insurance can help financially protect you from the unexpected. For boat insurance near you, contact Edison Insurance Agency.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.