Now that spring has arrived, boat owners are eager to get their vessels out onto the local lakes and rivers. But before you head out on the waterways, it's important to have the appropriate insurance in place. NorthEast Insurance Services in Englishtown, NJ, offers a variety of policies to protect your boat in case of accidents or injuries.
How do you know which type of insurance you need? For starters, the term “boat” has different definitions. Some insurance carriers view anything less than 16 feet long, such as jet skis and wave runners, as personal watercraft. Other providers define boats as vessels that are between 16 feet and 25 feet, 11 inches long. Boats more than 26 feet long are classified as yachts.
Boat insurance typically covers any damage caused by collisions, theft, and vandalism, as well as destruction brought on by natural disasters such as lightning during thunderstorms. Boat insurance coverage also includes auxiliary equipment, including outboard motors and other related machinery.
Liability coverage is another component of boat insurance. In addition to paying for the damages to another person’s property and medical bills caused by your boat in an accident, some policies offer as much as $1 million to cover a victim’s expenses. The professional agents at NorthEast Insurance Services will give you free quotes so you can determine which plan offers the best premiums and coverage amounts for your budget.
For manufacturing companies that rely on boats for transporting goods and other materials, NorthEast Insurance Services can show you how bundling business insurance with boat insurance can benefit your company. Trusted Choice® Independent Agents provide reliable and affordable coverage for a number of needs.
If you're gearing up to take your personal watercraft or boat out on the waterways, it’s better to have peace of mind knowing you have solid boat insurance in place. For a free estimate, call NorthEast Insurance Services today at (732) 972-1771. Visit the website to learn more about the wide range of available policies.