Boat/Watercraft Insurance in Oregon
We can help make your time on the water relaxing here at Choice One Insurance Inc. in Clackamas, OR. Our goal is to help find you maximum comprehensive protection that will keep you, your family and friends, and watercraft secure at all times. There is no need to worry about your safety continuously while being on the water when you have adequate insurance to protect your investment. We can get you started by determining the appropriate amount of coverage to meet your needs.
Boat/Watercraft Insurance Requirements
You will be required to register your boat to receive a title from the state of Oregon. However, Oregon does not require boaters to obtain insurance. It is highly recommended. Engine problems and boat collisions do happen, and insurance is the only way to handle these occurrences. Some marinas may also ask for proof of insurance. With that being said, while the state doesn’t require it, there may be certain circumstances and instances that may require you to obtain insurance.
When shopping for boat and watercraft insurance, here are some coverage options to consider:
- Liability - This is similar to car insurance liability coverage and protects other boat owners if you are at-fault for an accident. This will cover the repair or replacement costs of another boat owner.
- Agreed value coverage - You will get the value of your boat that you insured it for if you suffer a total loss of your watercraft.
- Physical damage -This coverage covers the cost of repairs or replacement for watercraft if the motor or any other permanently attached equipment is damaged or stolen.
- Uninsured/Underinsured - This coverage will protect you if you are hit by a boater who is underinsured or uninsured. If you are injured, this policy will cover lost wages, medical treatment, and anything else related to the accident.
To review your current program and find better protection options, please contact our Choice One Insurance Inc. office. You may also give us a call. We are located in Clackamas, OR.