Boat insurance is a crucial investment for any boat owner, no matter where they are located. However, when it comes to the state of North Carolina, the importance of having adequate boat insurance coverage is particularly emphasized.
North Carolina boasts an extensive coastline and numerous bodies of water, making it a popular destination for boating enthusiasts. With more than 600,000 registered boats in the state, it is not surprising that boating accidents are relatively common. In fact, according to the North Carolina Wildlife Resources Commission, there were 166 boating accidents in the state in 2020 alone, resulting in 24 fatalities and 106 injuries.
Boating accidents are a serious concern in North Carolina, and it is important to have the proper insurance coverage. Boat insurance can provide financial protection in the event of an accident, covering the cost of repairs, medical expenses, and legal fees if necessary.
North Carolina's boating accident statistics are higher than the national average. In fact, according to the U.S. Coast Guard, North Carolina has the 9th highest number of boating accidents in the country, with alcohol and drug use, operator inexperience, and speeding cited as the top contributing factors.
North Carolina is no stranger to severe weather, including hurricanes and storms that can cause extensive damage to boats. These weather events can result in damage to boats from strong winds, heavy rain, storm surge, and flooding. Boat insurance provides coverage for such weather-related damages, helping boat owners to recover from these unforeseen events.
North Carolina law requires boat owners to have liability insurance coverage with a minimum limit of $100,000 per person and $300,000 per accident. This requirement helps protect both the boat owner and others who may be involved in an accident.
Having adequate boat insurance coverage is crucial for boat owners in North Carolina. The state's high number of boating accidents and strict liability insurance requirements highlight the importance of having proper coverage. While boating accidents occur throughout the country, North Carolina's statistics serve as a reminder that boat insurance is a necessary investment for all boat owners.