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Safe Insure Plus, LLC

2105 S. Elliott
Pryor, OK 74361

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Is having boat insurance a requirement?

For those that are in the Pryor, OK area, nothing is better than spending a nice afternoon out on the open water in their very own boat. If you have a boat, it is vital that you ensure that you are adequately protected. One way to do this is with boat insurance. While it is not necessarily required by state law, there are still several situations in which having boat insurance will be a requirement for you.

Banks Rules

When you buy a boat, there is a chance that you will need to take out a loan to do so. As long as there is a balance outstanding on the boat loan, the lender will require that you maintain an insurance policy in place on the boat. This will help to provide you and the bank with protection if the boat is damaged or stolen.

Local Laws

While the state does not necessarily require that you have boat insurance in place, those that are looking to go out on the open waters will need to check with local regulatory bodies and marina rules. Depending on where you want to use your boat, you may be required to carry insurance. In some cases, a local marina or association will require that you at least have liability insurance in place. This will protect all people in the lake if you are involved in an accident.

Before starting to use your boat in the Pryor, OK area, you should speak with the team at Safe Insure Plus, LLC. When you talk with the professionals at Safe Insure Plus, LLC, you will learn more about your boat insurance needs and options. They will then help you get into a policy that provides the right level of coverage. Contact our offices for more information.