IS WATERCRAFT INSURANCE REQUIRED IN CONNECTICUT?
Connecticut law does not require a boat owner to purchase or maintain liability insurance. Watercraft insurance covers a variety of boats and watercraft, including fishing boats, dinghy boats, deck boats, catamarans, sailboats, houseboats, pontoons, yachts, jet skis, and other watercraft.
WHAT ARE THE WATERCRAFT INSURANCE COVERAGES?
Boat insurance property coverage
Boat insurance helps protect a boat (and other watercraft) from certain risks. For instance, property coverage may help pay to repair your boat after it's damaged in an accident. It may also help pay to replace your boat if it's stolen. This coverage usually helps protect a boat whether it's on water or land. When you buy boat property insurance, you may be able to choose between two coverage types: actual cash value coverage or agreed amount coverage.
If you cause an accident that damages another person's property, liability coverage may help pay for expenses you incur as a result.
Medical payments coverage
Suppose you or your passengers are injured after an accident on your boat. Medical payment coverage may help pay for resulting expenses such as hospital bills, medications, or X-rays.
Uninsured watercraft coverage
What would happen if an uninsured boater collides with your watercraft and you or one of your passengers?