Whether you are sailing the waterways of the Big Apple or enjoying one of the many lakes and rivers in New York, you are going to want to have insurance for your vessel. Although New York does not require insurance to register a boat, you typically will be required to have it if you are financing the purchase of the vessel. Purchasing boat insurance does come at a higher cost, but there are a number of benefits that we will explore below:
Similar to purchasing insurance for a car, boat insurance can be had with a range of liability limits that can help control the overall cost of the policy. Because the cost of a boat can range wildly, we like to offer as flexible policies as possible which can also include different deductible limits.
Property Damage Coverage:
At Robert Alan Agency we know not only how important your boat is to you, but also the significant investment you've made in the purchase. Consequently, having insurance that covers property damage to your boat caused by a recreational boating accident is imperative. Given that these expenses can rise in cost quickly, having insurance will help control the costs and protect your pockets from having to shoulder 100% of the financial burden alone.
Protection from Accidents:
Although accidents are more common in vehicles, it is not uncommon for boating accidents to occur - with many causing injuries. Having insurance on your boat will protect you from having to pay for the medical costs due to an injury to yourself, a passenger, or a person in a different boat. Furthermore, if you hit another vessel on the water, you'll need liability coverage to help pay for the damage to the other boat which is another great asset of having boat insurance.
At Robert Alan Agency Inc, we pride ourselves on providing the highest level of service and care to our clientele. Stop by our New York office or give us a call today and we'll be happy to walk you through all your options.
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