We are thinking of getting a fishing boat old one do u need insurance on it?

Question

does your homeowners cover it? also it has a boat sticker for this year someone told us we could use it do u not need the sticker in your name? please answer if u know tyvm

Answer 1

Hard to find insurance carriers to write a policy on old boats, but your regular agent can sell you liability, shouldn't be more than $65 or so annually, in case you get sued by somebody who got injured on board.

If you're referring to a "sticker" for a particular lake, sure it's good until it expires.  If you mean your state registration, you have until a grace period expires (probably 60 or 90 days) to get it registered in your name.  Depends on the jurisdiction.

Answer 2

not really unless its really expensive

Answer 3

If you own your home its only like 50-60 dollars a year to add it.

Answer 4

When you buy your boat, you should transfer title immediately and register your boat in your name.  When this is done, you will get another sticker.

As far as insurance goes... You don't mention what kind of boat... but, if it or the motor is worth replacing, I would get insurance on it.  

More importantly however, (this day and age when everyone wants to sue everyone else) it is probably more important for you to insure yourself, your passengers, and any other people or property, that could possibly be involved - in any way shape or form - of an accident... (your fault, there fault, the moons fault - doesn't matter whose fault... you want to protect your family's income and assets from someone else suing you and damage to persons or property.

And yes... NOT ONLY CAN YOU DO THIS THROUGH YOUR HOMEOWNERS INSURANCE... IT IS THE BEST AND CHEAPEST WAY...

(anyone that tries to tell you different, either doesn't own a boat - or doesn't own a house.)

I am sixty years old and been a boater all my adult life... The cheapest way to do this is with a "rider" to your home insurance policy.  I have always found it to be the best coverage all around coverage for the very least amount of money...  But if you call your homeowner insurance company and tell them you bought a boat and you want to protect it, and your self, and any passengers riding with you, and anything and anybody that may hit you or that you may hit... etc.  They will know exactly what you want, they will fix you up in seconds... and it will cost you about 1/3 of what anyone else will.

Happy & Safe boating!

Answer 5

You will want liability.

Homeowners might cover it, but you have to let your agent know and add it as a rider.

Best idea: always have the boat registered in your name. Saves a lot of headaches.

Answer 6

its probally a good idea to get insurance. if for nothing else in case it sinks. we live in a gated community that has a lake and i had to have ins proof to put it in the water. if your from the same state as the boat is registered in the sticker is good till the date on the sticker. but you probally have so many days after you buy it to put it in your name. just like when you buy a car. i have separate ins on my boat its not on my homeowners ins. although all my ins is through the same co.

Answer 7

not in ALASKA

Answer 8

you do not need insurance, homeowners doesn't cover it, your automobile insurance would cover it if you wrecked it while towing it, if it was under your name, while on the water, if the boat sinks, you hit someone or something, you would be liable.  If you had the registration, and the sticker is valid, you could use it, just say you are borrowing it.

However, I would highly recommend to register the boat in your name, I do not know where you are but in Florida you pay the sales tax on it and it cost 33.50 to register each year, for that why mess around.

Answer 9

Get the insurance -it really isn't that expensive.  My home/car agent priced it out but recommended that I try Progressive too.    I was shocked it was a low as it was.