As recreational boating season kicks into high gear around the country, new statistics are a reminder to play it safe, especially where more people are out on the water.
Reports show that Florida leads the nation in boating accidents and the number fatalities is on the rise, followed by Texas, California, and Missouri, the Citrus County Chronicle reported on May 29.
According to the U.S. Coast Guard, recreational boating accidents in the U.S. totaled 4,040 in 2022, causing 636 deaths, 2,222 injuries and about $63 million in property damage. Of the boating-related deaths, 73% were due to drowning, 16% listed alcohol use as the leading factor in the boating accident, and collisions were the “first event” in 21% of deaths. While minor fishing-hook accidents and slip-and-falls on the deck do occur, collisions and other major incidents on the water represent some of the most significant risks boat owners face. Recreational Marine Insurance includes two primary types of coverage: Hull and Machinery Insurance, which covers physical damage to the boat and its engine; and Protection and Indemnity (P&I) Insurance, which provides liability coverage for third-party bodily injuries and property damage. Many boat owners carry $1 million in liability coverage, but even higher limits may be needed as it’s not just your boat you are protecting but also your other assets like your home and vehicles.
Call Becker Lassen Insurance Agency to visit about your insurance needs.