Boat Insurance

boat insurance new york

Boat insurance protects your boat just as auto insurance protects your car. You would never drive your car anywhere without car insurance and you should never use your boat without boat insurance.



Despite the fact that most states do not require boat insurance, there are a few instances insurance may be required. Certain marinas may require boat insurance in order to dock your boat. If you have a loan on your boat, the bank will require boat insurance. You will be required to list your bank as a loss payee in order to cover the bank’s interest in your boat.


Why do you need boat insurance? Your boat could sustain damage or the property on it could. You could be physically injured if your boat collides with a structure. You could collide with another boat which would bring the damages to that boat and the people on board into the picture. Your boat may end up having problems due to poor workmanship or vandalism. It may experience damage to the hull or to the engine. There are many costly situations that could happen. What are your boating insurance options? When it comes to boating insurance you have many options. You can get coverage to protect the boat itself or to protect the owner of the boat.



Liability– If you cause an accident, liability coverage will pick up costs linked to bodily injury and property damage inflicted on others.


Comprehensive– In the event of a non-collision related occurrence, you will be covered for repairing damages to your boat. Non-collision related occurrence examples include fire, vandalism and theft.


Collision– In the event of a collision, you will be covered for repairing damages to your boat.



*Policies can be customized to include these coverages, they are not automatically included


Towing– If your boat is immobilized, on-water towing will be covered.


Mechanical Breakdown– In the event of a mechanical breakdown, coverage to repair or replace the drive motor and lower unit of an outboard motor is included.


Trip Interruption– In the event of damage or a covered loss, accommodation, transportation, and meal expenses will be covered.


Uninsured Boat Coverage– As boat insurance is optional in a majority of states, this coverage will take effect when property damage and or injuries occur due to an accident caused by an uninsured boater.


Boat Insurance Cost

Although boat insurance is not required in many states for pleasure boats, why take the risk? Boat Insurance is relatively inexpensive and can be customized to suit your needs and budget. There is a common misconception that boats are covered under homeowners policies. While smaller boats (under a certain size or value) on your property may be covered, larger boats require a specific boat insurance policy.


The cost of boat insurance is dependent on many factors. The boat type, size, age, state, and navigational area are all taken into consideration when determining the yearly premium. There are a variety of discounts to take advantage of.



Layup- If you do not use your boat in the winter, you may be eligible to receive a discount. If approved, the boat must be winterized for this discount.


Boating Safety Course– If you have taken an approved boating safety course and received a certificate of completion, you can receive a discount.


Homeowner– Some companies offer a discount if you own a home, condo or townhouse.


Multi Boat– Do you own more than one boat? We have a company that offers a discount for that!