The agents at York Jersey Underwriters Inc. want you to know that the laws of New Jersey are much like the laws throughout the United States regarding boat insurance. This means that boat insurance is not required under the law in the Garden State, but that does not mean you should not have a policy.
Boat and Watercraft Insurance Coverage Options
There are many options for you to choose from when it comes to boat insurance. Below is a detailed list of some of the main options.
Liability Boat and Watercraft Insurance
Liability boat insurance will be useful if you have an accident while maneuvering your boat and if you cause property damage or injuries. This type of coverage can also help you with medical bills for a passenger on your boat if an accident occurs.
Comprehensive and Collision Insurance
You never know when disaster will strike, so having comprehensive and collision insurance for your boat is a great idea. This is because if a fire breaks out and damages your boat or it's damaged or destroyed by vandalism or a natural disaster, comprehensive insurance will help repair or replace it. This type of insurance also helps you if your boat is stolen.
Collision insurance will assist you in paying for repairs if you collide with another boat or a stationary object, such as a cement wall or dock.
If you owe money to a lender for the purchase of your boat, you may be required to have both of these types of insurance options in place.
Contact York Jersey Underwriters, Inc.
To obtain the adequate boat insurance policy for your situation, contact the boat insurance agents at York Jersey Underwriters Inc. today!