Under what circumstances must a boater report a boating accident?

A boater must report a boating accident when there is an injury, loss of life, or property damage over a specified amount, which in this case is $500. This requirement is in place to ensure that serious incidents are documented and investigated appropriately, promoting safety on the water. Reporting helps authorities track accident causes and trends, leading to better regulations and education for boaters.

The other options do not fully encompass the legal requirements. Being involved with another boat isn't the sole criterion for reporting an accident; accidents can occur without any other vessels being present and still require reporting if they meet the specified conditions. Additionally, not every instance of someone falling overboard necessitates reporting unless it results in injury or damage. Lastly, while any damage might seem significant, only reporting when damage exceeds $500 keeps the focus on the more serious incidents that could affect safety and regulations governing boating activities.