Do I really need all this coverage?


Hagerty Marine often contacts its policy holders to confirm that their coverage is adequate to meet their needs. One question we often hear is, “Do I really need all that?” Of course, that’s up to you. But history has taught us that “unexpected” doesn’t mean “impossible.” And because, with few exceptions, marine insurance is not required anywhere in the U.S. and Canada, always assume that other vessels don’t have coverage. In reality, about 60 percent don’t (BoatUS.com, 2010), so it’s best to be among the 40 percent who do.

This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2012/02/15/do-i-really-need-all-this-coverage