Yes. Most companies will not insure an individual with a boat or any property if there is not a financial interest between the property & the insured. More specifically, it has to be titled and/or registered to the listed insured on the policy.
The state of California does not require you to have a boat insurance but it is important to get the boat insured for your own sake and safety in future.
No state requires boat owners to have insurance on a pleasure boat. If you have a loan using the boat as collateral, the bank will usually require insurance coverage on the boat. They will also require to be listed as a loss payee which protects their interest in the event of loss to the boat. Some marinas will require the boat owner to carry liability insurance and the marina may also require they be named as an additional insured.
Yes, The insured can add a spouse to the policy as a co-insured. You don't have to be on the deed.
A vehicle can be titled without insurance, but must be insured before getting a tag or registration. Exception: If a car still has a lien from a financing company, the car may have to be insured to change owners.
Your Home will be considered Un-Insured
Yes, they carry boat insurance as well as jet, ski or any other water craft you wish to have insured.
State Farm does provide premium discounts for having multiple cars insured with them. As long as both cars are owned in the same household and both insured with State Farms, great discounts can be obtained.
yes
captains dont think the boat will sink
No, a sole proprietorship is owned and operated by a single individual. If there are multiple owners, it would be considered a partnership or a different business entity.
you can get fined if the police finds out