Do You Need Boat Insurance in New York

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Having a boat is great for spring trips or summer getaways. If you own a boat or are thinking about getting one, here are a few things you should consider if you’re in New York. The agents at Acme Insurance Brokerage in Amityville, NY can help you with your boat insurance needs and questions.

Insurance for Boats

In New York, you will need to register your boat before you can drive it on to the water. Even though insurance is not necessary, some marinas do require a certain level of insurance to use their space. It would also be a terrible loss if you did not have insurance and something tragic happened to your asset. Some homeowner’s insurance policy may cover a portion of a boat, but it will be restricted based on the size and horsepower. Your policy will also have limits on a boat’s coverage. Getting boat or watercraft coverage is a better way to protect your boat. 

Watercraft Insurance Coverage

  • Property damage liability – is part of your liability coverage that protects you if you cause damage to some else’s boat, property, or dock.

  • Collision coverage – covers you by helping to pay for repairs or a replacement boat if it is involved in an accident.

  • Comprehensive coverage – protects you if your boat is damaged as a result of vandalism, weather, and fire. It also helps you if your boat is stolen.

  • Bodily injury liability – covers the cost of medical payments and other expenses that you would have to pay if you injure someone. 

The amounts paid to the injured party are based on your policy’s limits. You can always tailor your policy to match your needs. In Amityville, NY, Acme Insurance Brokerage can help you get the boat insurance that will benefit you.