When you plan to spend a day on the water, the last thing you expect to happen is an accident. But they do occur, and without watercraft insurance, you could end up paying out of pocket for damages caused by an accident involving your boat or personal watercraft. If you think about it, the financial burden of a boating accident isn't just limited to the cost to repair or replace your own boat.
Consider also the potential expenses of covering damage to someone else's property, and even medical bills that may arise when people are injured. Watercraft insurance may help with these types of expenses, as well as provide some protection for the boat itself.