Boat Insurance NJ

What types of watercraft are covered by boat insurance?

Any and all boats can be covered under a boat insurance policy. However, due to the wide array of watercraft uses, providing coverage for some specific risks may be more challenging. Below is a list of different watercrafts:

• Fishing Boats small boats meant to be pulled in a trailer behind a vehicle and used for fishing purposes.
• Power Boats vary in size, typically used for riding around & watersports. Mainly outboard, these boats are used for enjoying a day on the water.
• Sailboats vessels powered by the wind. The boats can be used for the day or be used as liveaboard vessels.
• Personal Watercraft typically small watercraft or toys such as jet skis & waverunners. .
• Pontoon Boat a flat boat with a wide deck and two hulls used to stay afloat.
• House Boats typically meant as a liveaboard vessel that remains stationary but can be moved from place to place.

What does boat insurance cover?

Boat insurance will provide liability coverage as well as hull coverage (coverage for the vessel itself) and medical payments. Additionally on-water towing options are available with most companies in the case you break down at sea. Uninsured boater coverage will provide protection in the event a loss arises out of an accident with someone who does not carry insurance.

Before getting boat insurance, speaking with an insurance advisor can prove valuable.