In addition to the beautiful waters of the Atlantic Ocean, New Jersey offers quite a few waterways in which its residents can splash and play. In addition to the many Garden State lakes for boating and fishing, there are three rivers New Jersey residents spend quite a bit of time enjoying too. They are: the Delaware River, the Hudson River, and the Toms River. If you have a boat to make these rivers more enjoyable for you and your friends and family, then you need to invest in adequate boat and yacht insurance to protect your investment.
We have 50 years of experience serving the insurance needs of New Jersey families and businesses. As independent agents, we have the ability to seek out policies from multiple insurance providers to match the best coverage with the best rates to meet your specific and individual needs whether it is boat insurance, homeowner’s insurance or a package deal you need.
Who Needs Boat and Yacht Insurance?
Essentially, anyone who owns a boat or personal watercraft of any kind needs insurance on the vessel. Whether it’s a jet ski or a 500 foot yacht, protecting your investment in your watercraft is important. These vessels mean different things to different families, but for almost all families who own them, they are important for helping to build memories and lifelong bonds.
The other element of a proper watercraft insurance policy, though, is the liability protection, which is critical in today’s climate. Accidents on waterways happen all the time. When property is damaged and injuries occur, having the right liability coverage makes a world of difference to your bottom line.
If you own a sailboat, yacht, jet skis, fishing boat, house boat, pontoon boat, or speed boat, it is essential to protect your investment with full coverage insurance. If you have a loan for your boat, then you are likely required to have full insurance coverage.
What Kind of Coverage Do You Need for Your Boat?
When comparing boat and yacht insurance policies, it’s important to look for policies that offer these elements at minimum.
- Coverage for physical damage from collisions (this includes other boats and submerged objects).
- Liability for property damage and bodily injuries.
- Towing services and/or assistance if your boat becomes stranded.
- Damage to possessions or personal property as well as fishing equipment that were on the boat at the time of the incident.
Don’t forget to look into fuel spill liability coverage as well. Environmental cleanups can be quite costly and fuel spillage is fairly common in boating accidents. This is generally not covered in a standard policy, so you’ll want to make sure to add it.
Additional policies or add-ons to consider include:
- Medical payments
- Uninsured boater
- Actual cash value
- Damage coverage for hulls, sails, trailers, and motors
- Agreed hull values
- Salvage and wreck removal coverage
The key is to talk with your experienced New Jersey independent insurance agent to learn about the types of coverage you need for your boat, the frequency and manner in which you use it, and the waterways you travel.
Why Choose Us for Your Boat and Yacht Coverage?
Whether you’re looking for insurance for a boat or yacht in New Jersey, it is worth your while to trust your insurance to a business that knows the New Jersey mindset and the local waterways.
We live, work, and play in New Jersey, just like you, and we have served the needs of our state for 50 years. As we look to the next 50, our focus continues to be on being the best independent professional insurance agents providing personal service.
We offer free online quotes so you know what kind of rates to expect. We believe we offer the best selection of insurance products at highly affordable rates. Don’t be fooled by slick television ads promising cheap insurance. Focus instead on affordable high quality insurance and you’ll find that it’s more inexpensive than you’ve been led to believe.
CALL US TODAY TO GET ANSWERS FOR ALL YOUR QUESTIONS ON BOAT AND YACHT INSURANCE!