Boat/Watercraft Insurance in New York
Boat Insurance Requirements in New York
You aren’t required to have insurance to register your boat. However, it’s a good idea to have a policy in place and it may be required by your lender if you are financing your boat. Marinas may also require certain insurance requirements. You are required to register a boat trailer by the state with insurance.
Boat Insurance Coverage in New York
Boat insurance coverage can include property damage liability, bodily injury liability, collision damage, comprehensive coverage, and other additional coverage options. While your home insurance can provide some coverage for certain watercraft, there are limitations, and for the best protection, it’s best to have a dedicated boat policy in Amityville, NY.
Collision Damage: Collision coverage will pay for damages because of an accident if you need to repair or replace your boat.
Liability for Property Damage: If you get into an accident on your boat and damage someone else's boat, a dock, or other various pieces of property, property damage liability can protect you from having to pay for the repairs on your own.
Liability for Bodily Injury: If someone gets injured due to an accident or on your boat, bodily injury liability will cover medical bills, lost wages, and pain and suffering.
Comprehensive Coverage: This coverage is for non-collision related incidents. If your boat is vandalized or stolen, then this insurance can help cover the costs. Policies can vary and won’t necessarily cover personal possessions on board. Review your policy and determine what isn’t included to see if you need to get additional coverage.
Extra Coverage Options: There are plenty of add-on coverages you can include. This can include personal property protection, medical payments, fishing equipment, oil spills, and uninsured coverage. Ask your agent at Acme Insurance Brokerage about what coverage you should have so you can stay protected in every situation.
Contact Acme Insurance Brokerage serving Amityville, NY and surrounding areas, to get a quote on boat and watercraft insurance.