Boat/Watercraft Insurance in New York
A boat can offer you that thrilling adventure and recreation you need, but with fun come dangers and risks. Many people in Pittsford, NY assume that a home insurance policy will provide full coverage in the event of an accident or theft. Home insurance may cover small non-motor boats, but it is always never enough for bigger boats as it comes with limits. That's why we at Bajorek Agency Inc recommend buying separate boat insurance to protect you when in and out of the water.
What is boat insurance, and what does it cover?
Boat insurance is a type of coverage that protects you and your boat from loss or damage in case of an accident. The policy mostly covers watercraft with engines such as pontoon boats, fishing boats, paddle boats, yachts, and leisure crafts.
Boat insurance covers:
- Property damage liability
- Bodily injury liability
- comprehensive coverage
- collision coverage
- Additional coverage options
How much boat insurance do I need?
Different people with different boats require different amounts of boat insurance. When determining how much coverage you need, you should consider factors such as:
- Boats value
- The motor size
- how you will use it
- how often you will use it
Highly speedy boats will require large amounts of property damage and bodily damage liability. An insurance professional at Bajorek Agency Inc recommends purchasing slightly higher liability insurance if you often use a fast, powerful boat as the risk of injury and damage are higher.
Choosing boat insurance in New York
Buying a boat or watercraft insurance is like purchasing car insurance. You will need to focus on the coverages that matter to you most. If you are using your boat with a couple of friends or young people, you may need to concentrate on collision, comprehensive, and liability coverages.
Buying boat insurance in New York is an excellent financial decision. It gives you the peace of mind that you need while in water. For more information, queries, quotes, or new policy discussion, reach us at Bajorek Agency Inc in Pittsford, NY today!