Boat/Watercraft Insurance in New York

Did you know that watercraft accidents are more common in Spring Valley, NY than its residents realize? Accidents are unpredictable, but you can prepare yourself for any possible calamity by buying a spectacular boat insurance policy that suits your needs and budget.

Watercraft insurance provides coverage to a sailboat, motorboat, or personal watercraft if it is involved in an accident, vandalized, stolen or damaged by a covered peril like storms, lightning, and fire as stipulated in your policy document. This policy extends coverage in protecting you in case you accidentally injure someone or damage their property with your boat.

Possessing boat insurance is not mandatory in New York as a boat owner or operator. However, as a boat owner or operator in Spring Valley, NY is vital to purchase one because it cushions you financially against property damage, theft, and medical payments attracting different deductibles.

Boats provide adventure and recreation to their owners, but they come with risks. Do not let a disaster or accidents grab this precious asset! Visit us today at Edouard Insurance Agency Inc offices and speak to our reputable agents about the watercraft insurance policy.

Insurance companies consider many factors when deciding to offer a particular policy or not. An insurance company considers the following factors in determining premiums to be paid on your boat insurance. They include:

• Age of your boat.
• Type of your watercraft (inboard, outboard, bass boat)
• Condition of your boat (Does it meet US Coast Guard Standards?)
• Ownership of the boat.
• Where it will operate (bays, rivers, lakes, seas, oceans)
• Speed or horsepower.

Types of watercraft insurance.

Boat insurance property coverage.

This type of coverage protects your boat and other watercraft from the covered perils. It caters for the cost of your boat repair incase its damaged in an accident and also replaces your boat if it’s stolen. This policy protects your boat, whether it’s on water or land. It encompasses two types of coverages, namely:

• Actual cash value.
• Agreed amount value.

Liability coverage

This coverage pays for the expenses involved when you cause an accident and damage other people’s property.

Medical payments coverage.

This coverage caters to injury treatment or medical bills for you and your passengers boarding your boat in case of an accident. Medical payments coverage will assist in paying other medical expenses such as medication, x-rays, and hospital bills.

Uninsured and underinsured boat coverage.

This type of coverage pays for injuries or damages to you, passengers, and your boat in case it collides with another watercraft that is uninsured or underinsured.

Comprehensive cover.

This policy provides coverage if your boat becomes vandalized, stolen, or damaged in an accident apart from collision against covered perils.

Are you a resident of Spring Valley, NY in New York? Feel free to contact us or visit Edouard Insurance Agency Inc offices for more information about boat insurance.