Category: Boat/Watercraft Insurance

A boat is an incredible purchase that you can enjoy for a long time, sometimes even the rest of your life. Owning a boat can come with issues, especially if you only find out after an incident that you don’t have the right type of insurance. Find out more below on what you should think about when it comes to boat insurance. 

Access Legacy Insurance Group in Brooklyn, NY is proud to offer boat insurance to residents in the following states:

• New York
• New Jersey
• Florida

Boat and home insurance

In many cases, home insurance will cover your boat as part of the home insurance policy, as your boat can be seen as part of your property. While this is already decent coverage, home insurance doesn’t cover everything when it comes to your boat. Some examples below of what might not be covered under home insurance:

• Liability insurance, as you might not be fully covered under your home insurance policy. For example, what if you are in an accident with another boat and you damage the boat or hurt someone on the other boat? This can also count for if someone who is on your boat gets hurt.
• Insurance in case the other person is not insured. What is meant by this is that if you get into an accident with another boat owner and they are not covered to cover your medical bills or boat repairs, you are the one stuck with the financial burden of this. So make sure you get enough coverage for yourself in this situation too.

If you want to discuss boat insurance, call Access Legacy Insurance Group in Brooklyn, NY, or get a quote here. 

At Access Legacy Insurance Group, we provide Brooklyn NY, and other areas of the state with high-quality boat insurance. However, we know that many boat owners love adding new elements to their vehicles to make them more appropriate and effective. As a result, it is vital to spend the time to understand whether your policy will cover these vehicular upgrades for your boat.

What Your Policy Does NOT Cover 

Are you planning on making upgrades to your boat that could affect its overall value in a handful of different ways? If so, it might be best to get a professional to do it because doing it yourself could invalidate your boat policy and cause these upgrades and changes to be ineligible for coverage. 

Why is this the case? Unfortunately, your policy is designed to protect your boat, as it has been valued when you purchased the policy. This protection included the original structure of the ship and its design, not any changes you may have made to it after you bought the policy. 

That said, you may be able to get some protection if you work with a professional on these upgrades. If you get an expert to help you out with your renovations to your boat, your insurance company may approve these additions. That all depends on your policy and other factors, however. 

Find a Policy You Can Appreciate 

Do you want a boat insurance policy that makes sense for your needs as a person? Then, it is time to contact us at Access Legacy Insurance Group to learn more about your many options. We serve the Brooklyn NY community and will do what we can to help you find a policy that makes sense for you.

Unlike auto insurance, boat insurance is not required in New York, but it is always a good idea to protect such a valuable investment. With recreational boating seeing an unprecedented surge in interest in recent years, more boats, jet skis, and other watercraft are on the water than ever before. Consequently, boating accidents are increasing, and failing to have insurance can leave you on the hook for thousands of dollars in damages and serious legal repercussions.

Not only does boat insurance protect your watercraft from covered incidents like vandalism, theft, and storms, but also liability coverage is needed to ensure that you aren’t responsible for the medical bills or any other costs associated with being deemed at fault in an accident involving another boat or passenger. One of the most important coverages outside of liability coverage to ensure that you have on your boat insurance policy is uninsured and underinsured protection. What this means is that if another boat hits you or injures an occupant on your boat but doesn’t have boat insurance, any costs associated with repairing your watercraft or medical bills are covered up to your policy limits. 

Although you do not need to insure your boat in New York, you must register it with the Department of Motor Vehicles. To qualify for registration, anyone planning to operate the boat must have received a boating safety certificate from an accredited course to qualify. 

For more information on boat insurance or assistance in purchasing a policy, give the knowledgeable team at Access Legacy Insurance Group in Brooklyn, NY a call to learn more.