Is it necessary to get insurance for small boats?
As the prices of smaller watercraft such as paddle boards, kayaks, canoes, skiffs, and sailing dinghies rise, some owners may want insurance just because of the vessel’s value.
Owners who don’t have expensive boats shouldn’t automatically write off insurance because their vessels aren’t big or expensive, though. They should at least consider the liability risks that even a small and inexpensive boat presents, and evaluate their need for liability coverage while on the water. In these situations, insurance might be wanted if for no other reason than to financially protect in the event of a drowning or other injury.