How Does Boat Size Affect Your Insurance Policy?

Boaters in Amityville, NY are not legally required to obtain boat insurance, though many choose to do so for the protection it offers. In addition, a lender will generally require you to purchase indemnification while there is a balance on your watercraft. 

Boat size can affect your insurance policy, as it can affect the types of risk you may be subject to. A bigger boat may be one you can spend more time in at sea, increasing the possibility of being involved in a mishap. An accident may cost significantly more to fix damage to your boat and address issues you cause to another vessel. 

However, larger boats are more stable and less likely to lose control over them. Accidents can sometimes happen, though, with propellors that are not fully disengaged before guests go swimming, causing injury and medical expenses. Acme Insurance Brokerage agents are eager to discuss specifics with you in more detail. 

Electrical problems can occur when docked and hooked into a power source to run electronics, which can harm your property and people. A bigger boat can have various systems and components that need upkeep, such as the exhaust ports. These can become blocked, sending CO2 back into the main cabin, and sickening passengers and crew. 

Larger vessels are more difficult to operate successfully, and it’s necessary to have experience before embarking on this endeavor. Many insurers will want to know that you have the necessary knowledge to undertake this challenge. 

Let Us Help

Acme Insurance Brokerage takes great pride in serving the residents of Amityville, NY with their boat insurance needs. We can answer any questions and invite you to contact us by phone, stop in the office, or visit us online.