Wednesday, July 10, 2024

Do You Need Boat Insurance In New York

Best For Additional Coverage Options: Foremost

Do I need Boat Insurance?


  • No. of Policy Types: 3
  • Coverage Limit: Varies

Foremost offers various boat insurance packages with unique add-ons including trip interruption services.

  • Unique add ons like onboard pet coverage

  • Trailer coverage

  • Contact agent for specific coverage maximums

  • Website could give more details

Foremost is a part of the Farmers Insurance Group of companies. It is a specialty insurance company that has been in business since 1952, and it’s known for providing affordable coverage for boat insurance in all 50 U.S. states. Foremost offers some unique coverage options for an additional premium, including hurricane haul-out, enhanced towing services, fishing tournament fee reimbursement, additional pollution liability coverage, pet coverage and trip interruption service.

There are several discounts available through Foremost that are designed to save you money on your premium. This includes a lay-up discount, paid-in-full discount, boating safety course, protective device discount, multi-policy discount, multi-unit discount, loss-free renewal discount, prior insurance, insured age , and affinity and alliance discounts for boat operators who are a part of an approved affinity group or alliance organization. Coverage is also available for classic boats over 25 years old.

Do I Need Boat Insurance Or Is My Boat Covered By My Homeowners Insurance

If your boat or personal watercraft is worth more than $1,000.00, or is larger in size, you should definitely protect yourself with a boat insurance policy by calling Capital Gate Insurance. Never risk or take the chance of loosing your assets for simply not having the proper boat insurance while youre out on the water. Talk to our licensed agents TODAY! Capital Gate Insurance recommends all boaters in New York State have a separate and low-cost boat insurance policy from one of our preferred carriers, rather than just relying on your individual homeowners policy to cover a claim. Boat insurance is actually relatively very inexpensive, so CLICK or CALL NOW!

Umbrella / Excess Liability Coverage

Risk Factor

You invite guests over for a pool party and one of your guests dives into the shallow end of the pool and is permanently injured. They hire a lawyer to represent them and after a long legal battle, you and your family are left financially responsible for their injuries. Do you have enough money in savings to cover your legal responsibilities as well as the legal defense costs?


An umbrella or excess liability policy increases your personal liability limits by adding protection over and above your current auto, boat, or homeowners policies-providing real financial value, as well as priceless peace of mind. Excess liability insurance is available either by an endorsement to your homeowners policy or available as separate coverage.

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Common Trailer Types Include:

  • Conventional Trailer: The most common type of travel trailer between 12-40 feet.
  • Fifth Wheel Trailer: Attached to a vehicle using a hitch in the bed of the tow vehicle.
  • Pop-up Tent Trailer: Collapsible trailer used for camping & recreation.
  • Truck Camper: Mounted in the bed of the truck with an over-cab area for sleeping.
  • Horse Trailer: Trailer used primarily to haul horses.
  • Toy Hauler: An RV type trailer with living space as well as ability to haul ATVs or Motorcycles.
  • Cargo or Utility Trailers: Small trailers used for moving or landscape jobs odd jobs.

Is It Mandatory To Have Insurance On A Boat

Pontoon Boat Insurance Cost

If youre wondering, Do you have to have insurance on a boat?, the simple answer is no. The majority of states do not require you to carry boat insurance. You may assume that you need it in cities surrounded by water. However, only a few states require proof of insurance.

The chart below lists each state and their boat insurance requirements.

Yes, just Arkansas, Hawaii, and Utah require you to have a boat insurance policy. But what about a license?

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Best For Professional Fishermen: Markel

  • No. of Policy Types: One custom policy
  • Coverage Limit: Contact for details
  • Price: $100+/year
  • Policies tailored to your boating needs

  • Free online quotes

  • Need to contact company for policy details

  • Website could be updated

  • Not as well-known as other providers

The Markel Corporation is a specialty insurance company that offers specialized coverage for boats. They have an A rating from A.M. Best and an A+ rating from the Better Business Bureau. The company has been in business since 1930 and offers comprehensive boat insurance policies for boats and personal watercraft . The Markel policy has an option to add coverage if youre a professional fisherman which provides replacement cost coverage for a preset agreed upon value of fishing equipment. Several discounts are available including an accident-free discount, operator over age 40 discount, and an experienced boater discount for boaters who have five years or more of boating experience. If you happen to qualify for all of the discounts available through Markel, you could save up to 35% on your boat insurance premium. Extra features also come standard without having to pay an additional premium.

Dmv Ny Insurance Lapse Overview

What is an insurance lapse in coverage in New York? A lapse in car insurance coverage in N.Y. means that there is no liability insurance coverage on your operating vehicle, which can trigger a civil penalty by the DMV.

When the DMV discovers an insurance lapse in N.Y., a citation for driving without insurance can lead to an arrest, an impounded car, and suspension of your license and registration. An at-fault accident without insurance will cause the DMV to revoke your license and registration, and you could be responsible for accident damages.

While you might understand the gist of why you can’t drive without insurance in N.Y., this guide will explore in-depth the penalties for an N.Y. insurance lapse and what to do if you experience a lapse in car insurance coverage.

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What Does Boat Insurance Include

When you purchase boat insurance, standard insurance will typically cover the following:

  • Bodily injury: If someone gets injured while on your boat, this will help cover legal and medical bills associated with the accident.
  • Property damage: This coverage will protect you if you are at fault in an accident that caused damage to another boat or property.
  • Collision: If youre in an accident, this will pay for the cost of repairing or replacing your boat. This coverage is usually optional however, a lender may require you to purchase it if youre leasing.
  • Comprehensive: This coverage will pay for repair costs if your boat gets damaged from something other than a collision this includes floods, storms, fire, theft, and vandalism.
  • Uninsured/underinsured motorists: If an uninsured or underinsured motorist causes damage to you or your boat, this coverage will help protect you.
  • Medical payment coverage: If youre involved in an accident, this coverage will pay for the medical costs regardless of who is at fault. Some policies will even cover funeral expenses.
There are also additional options you can add to your coverage, such as:
Keep in mind your insurance should cover all operators.

Talk to your insurance provider and make sure you have all the appropriate options added to your plan for your specific situation and climate.

How Many Passengers Does Boat Insurance Cover

Do I need boat insurance

Boat insurance typically covers every member of the family on the boat. While the owner is covered in the basics, the family members come under liability. One thing you need to remember is that the water skiers that you pull behind your boat are not covered in this policy.

While comprehensive coverage does provide protection from severe damages, its possible that under boat insurance, you might not be covered for windstorms, tornadoes, and hurricanes. For this, you will have to talk to your insurance agent. The last hurricane to hit Connecticut that did unspeakable damage was in 1683. After that, there have only been small windstorms. So you should definitely look into storm damages when buying boat insurance.

Now that you know how beneficial boat insurance can be, its best to call your insurance agent and talk about how it can be added as additional coverage to your existing insurance policies. You never know if they might give you a discount for being a loyal customer. If you are looking for trusted insurance company, then visit Pawson. We provide different types of insurance policies for families and individuals. To know more about their policies, contact them at today.

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Best For Affordability: Allstate

  • No. of Policy Types: 3+
  • Coverage Limit: Varies

Allstate is an insurance powerhouse that offers affordable boat insurance, multiple discounts, and additional boating resources on its website.

  • Need to speak to agent for policy details

  • Doesnt specialize in boat insurance

  • May not get personal attention of a smaller company

Allstate is one of the biggest personal insurers in the United States, consistently drawing high financial strength and customer service ratings from a variety of rating institutions, including A+ from AM Best. Allstate advertises its boat insurance as being affordable for a variety of boat types and coverage options, with some policies available for as low as a $25 monthly premium. The company offers a variety of payment options to fit your financial situation, including Allstate’s Easy Pay Plan where you can save 5% by having your boat insurance premium automatically deducted from your checking account. Or, if you opt to pay in full, you can save up to 10% on your policy premium. If you already have other policies through Allstate, it makes sense to check into their boat insurance coverage since you can save up to 20% on your policy premium by combining it with a home policy. Allstate also offers a 10% discount on boat insurance to all home owners.

Is Boat Insurance Required

*Boat and PWC coverages are underwritten by GEICO Marine Insurance Company. The TowBoatU.S. Towing Coverage Endorsement is offered by GEICO Marine Insurance Company, with towing services provided by the BoatU.S. Towing Program. Towing coverage only applies to the insured watercraft. This endorsement is not available in all locations and is subject to certain restrictions. Towing coverage is subject to availability and service may be restricted based on the location of the insured watercraft or trailer. Please speak to an agent to discuss details of towing services, limits, exclusions and coverage availability.

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.

When you click “START QUOTE” you’ll be taken to the BoatUS website for a secure boat quote. Any information you provide will be subject to the privacy policy posted on their website.

BoatUSâBoat Owner’s Association of The United Statesâis the nation’s largest association for recreational boaters providing service, savings and representation for over 50 years.

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Do You Need A Boater Card In New York

As of January 1, 2020, New York will begin a phase-in-by-age law that will require a new age group to become certified each year, requiring all motorized boat and PWC operators to pass a boater safety course and to carry a New York boater card by January 1, 2025. All motorized boat operators born on or after January 1, 1993, will be required to carry the New York boater card by January 1, 2020.

Actual Cash Value Or Agreed Value

New York marine &  general insurance company:What You Need ...

Its important to understand what youre buying when you choose a watercraft policy. Actual Cash Value Coverage considers the cost of replacing your boat, less depreciation. Agreed Value Coverage does not include depreciation.

Agreed Value Coverage costs more initially, but you know how much youll get for a total loss. You also receive a new replacement of like kind and quality for any equipment lost, but no matter which policy type you choose, you must pay your deductible first.

Discuss your needs with your independent insurance agent or broker. If you rent or lease your boat or use it for commercial purposes, you need specialized coverage beyond a standard watercraft policy.

Your agent can often bundle your boat insurance policy with your home or auto insurance for savings.

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Boat Insurance Offers Broad Coverage

A New Jersey boat insurance policy protects you from disasters. These usually includes losses such as sinking or capsizing your boat, having a fire or explosion onboard, theft, collision, storm damage, and the costs associated with stranding.

Your policy protects you and your passengers, other boaters, the motor, boating equipment, your boat, and sometimes, but not always, your trailer.

How You Can Avoid Insurance Lapses In Coverage

First, try lowering your car insurance limits to the state minimum. Full coverage costs more than minimum coverage, of course. Also, its a good idea to call and speak to your insurance agent. They may have some ideas for you to save money on your policy if you explain the situation.

If you live with family or even roommates, consider combining insurance policies and splitting the bill. A multi-car policy with two vehicles is usually cheaper than two policies on separate vehicles. That is, if all else is equal. If your roommate has a bad driving record, dont combine plans.

If youre wondering about stopping your auto insurance while you leave town for a few months, unfortunately, there isnt an easy way to do that. It would be better to sell your car so you dont have a registered vehicle or have to keep paying for insurance than to try and cancel your insurance.

The bottom line is that you cant just stop your car insurance bill like you can pause your Netflix subscription.

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The Hidden Fees Of A Dmv Ny Insurance Lapse

Theres actually something else you need to worry about. What were calling hidden fees are the increased prices that youll pay for car insurance in the next three years following a DMV N.Y. insurance lapse.

Since the lapse is reported to the DMV, auto insurance companies can see it in your insurance history. Whether you drove your car during the lapse or not, companies will now see you as a high-risk driver. You might pay 20 to 50 percent more for insurance coverage while the lapse is on your record. If you have an uninsured accident on your record, you could pay even more.

Do I Need Boat Or Jet Ski Insurance And Other Faqs

Do I Need Boat Insurance or is My Boat Covered on Home Insurance?

The weathers finally heating up after a long and drawn-out winter and most everybody is in the mood to celebrate that fact. If you have a boat, chances are that means youre getting her out of storage and hitting the lake, the bay, or even the ocean. That makes this spring the perfect time to discuss boating, jet ski, and other watercraft insurance.

The most common question we hear from boaters is: Do I need boat or jet ski insurance? While you dont legally need it, you DEFINITELY SHOULD have boat insurance. Were not just saying that because Unruh Insurance is an insurance agency, but because Unruh Insurance is owned by two boaters, Kent and Curt Unruh, both of whom have comprehensive boat insurance.

Kent Unruh keeps his boat at Raystown Lake, while Curt Unruh prefers taking his boat out on the Indian River every spring and summer. This makes Unruh Insurance double-qualified to answer all of your boat insurance questions.

Find out why you need boat or jet ski insurance as well as get the answers to your boat insurance FAQs.

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What Does It Cover

Boat insurance will cover the repairs to another boat if you have a collision. You can also get a full coverage package that will help you repair or replace your own boat in the event of an accident or other covered events. It is important to consider that you may need coverage in the event of theft, wreck while in transport, or fire caused by any number of circumstances. If you want more information about boat insurance and the limits of coverage it provides, you should call or stop by Scotia, NY, DePaulo Agency.

Dont leave your investment to chance without having boat insurance. Get more advice and help from our knowledgeable insurance agents at Scotia, NY, DePaulo Agency. Get out on the water and have peace of mind knowing that you are covered when you need it.

What You Should Know Before Purchasing Boat Coverage

If being on the water floats your boat, then you might be someone who owns a boat, motor, engine, and associated equipment. While boat insurance isnt required in New York, it is a good idea to get insurance for your personal watercraft. A large percentage of boat owners in New York do not have proper insurance coverage that would provide them financial protection and add to their peace of mind this boating season. So that youre ready for the summer waters ahead, be sure you ask these questions before getting coverage.

What is the standard coverage?

Liability insurance for your boat helps cover medical care and property costs for other boaters and boat owners if you are at fault for an accident on the water. You could also consider medical payments coverage that includes you and your passengers, regardless of who is at fault.

Should I get agreed value or actual cash value?

Under agreed value, your insurer, in the case of total loss, will cover the total value you agreed upon when you insured your vessel. On the other hand, cash value takes into account depreciation and the effects of wear and tear over time to help determine a total loss payout. Talk to your insurer about which coverage is right for your financial needs.

What other options are available in NY state?

Insurance can also cover the extras on your boat, including but not limited to:

  • Depth finding gear

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