Do I need insurance for my boat if it is not that expensive?

Your financial risk as a boat owner doesn’t just include the cost of replacing or repairing your boat. For instance, you should consider potential medical bills if you, someone on your boat, or another person is injured in an accident. Also, there is potential liability for repairing property damage.

The perceived “value” of a certain piece of property is a common misconception as the most important focal point when purchasing insurance. Rather, your risk profile, is the determining factor and something that Premier Private Client will develop with you.