Boat & Watercraft Insurance for New Jersey.

At American Insurance Services Agency, we make sure that you enjoy your time on the water without having to worry about what could go wrong.
Things to Consider

When the days are clear and weather is warm, we know that the first thing on your mind is going out on the water. Your boat allows you to get away from all the stress and pressure of the mainland and kick back by yourself or with good friends. Whether you use your boat to fish, cruise or race, we know it must be pretty difficult to picture your life without it.  Our agency specializes in writing New Jersey boat insurance policies for boaters, so you can be certain we will provide you with the best protection available. We understand the differences between power boaters, sailors and commercial fishermen and we can tailor an insurance policy to your unique needs.

When the days are clear and weather is warm, we know that the first thing on your mind is going out on the water. Your boat allows you to get away from all the stress and pressure of the mainland and kick back by yourself or with good friends. Whether you use your boat to fish, cruise or race, we know it must be pretty difficult to picture your life without it.  Our agency specializes in writing New Jersey boat insurance policies for boaters, so you can be certain we will provide you with the best protection available. We understand the differences between power boaters, sailors and commercial fishermen and we can tailor an insurance policy to your unique needs.

Our watercraft insurance plans can provide you with coverage against many different types of loss. We offer:

Medical Payments Coverage

We offer medical coverage that can cover your eligible medical expenses if you get hurt when on the water.

Physical Damage Coverage

This optional coverage is typically designed to take care of your boat, motor and trailer. Our agents will help you determine the right amount of physical damage coverage for each boat on your policy. You will also need to choose a deductible (the amount you would pay on a claim) before your policy kicks in.

Liability Coverage

If you’re involved in an accident, there’s a good chance another person or another watercraft is involved. And if you’re at fault, you’ll need liability coverage. You can choose a lot of liability coverage or a little – it’s up to you. We’ll show you what coverage and limits may be available, and how to get the maximum personalized protection you need.

Whether you’re a lifelong boater or just getting started, it’s always a good idea to take a close look at your new or existing marine policy. We can help. Simply fill out our quick and simple online form to learn how American Insurance Services Agency can keep you safe and secure with a marine insurance policy.

You’ve worked hard to get where you are, and you have a lot to look out for. You deserve the right policy at the right price. Why not get started today and save with a free New Jersey boat insurance quote? It’s easy with American Insurance Services Agency. Happy boating!

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Watercraft

Uninsured / Underinsured Boater

Risk Factor

What happens when someone operating their personal watercraft hits you and doesn’t have enough liability insurance to cover the damage or cost of injuries? You can be left paying out-of-pocket for damages and medical expenses if the other party cannot pay.

Solution

Uninsured/underinsured boater insurance coverage may pay for damage if you are in a boating accident with another boater who has no insurance or does not have adequate insurance. This coverage can pay for physical or bodily injury damages.

Towing and Assistance

Risk Factor

If your boat breaks down or runs out of fuel while you’re out on the water, you may need to have it towed or to have fuel brought to you.

Solution

Towing and assistance coverage can help cover expenses associated with assistance in the event your boat breaks down, needs to be towed, or needs to be refueled.

Personal Property and Unattached Equipment

Risk Factor

Your boat or watercraft likely holds personal items and various types of equipment including fishing gear, safety equipment, water skis, deck chairs, and other items. If such items are stolen from your boat, they can be quite costly to replace.

Solution

Personal property and unattached equipment insurance can pay for personal property that you leave in your boat in the event it is stolen.

Pollution / Fuel Spill Liability Coverage

Risk Factor

In the event of a collision or salvage operation, it’s possible that your boat or watercraft could leak or spill fuel into the water. You can be held liable for the damage you cause or are responsible for in such situations.

Solution

Pollution and fuel spill liability coverage provides protection if you are held responsible for a fuel leak or spill. This policy can pay for costs associated with cleanup and restoration.

Recovery and Salvage

Risk Factor

Some collisions and accidents are so severe, your vessel may need to be recovered from the water. In other cases, it’s possible a vessel could sink.

Solution

Recovery and salvage insurance provides funds to help recover your watercraft in the event of a collision or if your vessel were to sink.

Hurricane Haul Out

Risk Factor

If you live in an area prone to hurricanes, you may opt to haul your boat out of the water or have it moved if a named storm is headed your way.

Solution

In the event you decide to haul your boat out during a hurricane, this coverage will pay for the cost of the emergency haul out. It can also cover costs associated with moving the boat to a safer harbor. Coverage generally includes fees for marina professionals and their services, captains, and dock masters.

Umbrella / Excess Liability

Risk Factor

You invite guests on to your boat and someone falls off, becoming permanently injured. They hire a lawyer and after a long legal battle, you and your family are left financially responsible for their injuries. Do you have enough money in savings to cover your legal responsibilities as well as the legal defense costs?

Solution

An umbrella or excess liability policy increases your personal liability limits by adding protection over and above your current boat policy and providing real financial value as well as peace of mind. Excess liability insurance is available either by an endorsement to your homeowners policy or available as a separate coverage.

Property Damage Liability

Risk Factor

Regardless of whether your watercraft is operated on a lake, river, bay, or ocean, there is always the risk of causing damage to someone else’s property. For example, you could be trying to dock your boat on a windy day when you hit against another boat or the dock and cause damage.

Solution

Property damage liability coverage protects you if your watercraft damages someone else’s property such as a boat or watercraft, a dock, or pilings. Damage could easily reach in the tens of thousands, and without the proper level of insurance, you can be left financially ruined if found at fault.

Physical Damage

Risk Factor

If your watercraft is damaged in an accident with another vessel or a collision with a dock, rock, or submerged object, the expenses associated with repair or replacement could be substantial. Your boat could also be damaged due to vandalism, explosions or fire, weather-related causes, or falling objects.

Solution

Physical damage coverage has two parts: collision (when your vessel collides with another vessel or object) and comprehensive (when your vessel is damaged due to vandalism and weather or is stolen). This coverage usually carries a deductible that you are responsible to pay before the policy begins to pay.

Agreed Value vs. Actual Value

Risk Factor

Boats and watercraft can vary widely in price and value. If a loss occurs, the type of insurance policy you have can make a great deal of difference when it comes to the amount the insurance company will pay.

Solution

Because boats depreciate in value over time, the amount they are worth can be quite different than the amount it would cost to replace it. Agreed value refers to an amount agreed upon between the policyholder and the insurance company. In the case of a loss, the policy will pay the agreed value of the vessel, even if it has depreciated in value since the policy was written. Actual value refers to the value of the vessel at the time of the loss, which could leave the boat owner to pay the difference between what the insurance company will pay and the cost of a new boat.

Our watercraft insurance plans can provide you with coverage against many different types of loss. We offer:

Medical Payments Coverage

We offer medical coverage that can cover your eligible medical expenses if you get hurt when on the water.

Physical Damage Coverage

This optional coverage is typically designed to take care of your boat, motor and trailer. Our agents will help you determine the right amount of physical damage coverage for each boat on your policy. You will also need to choose a deductible (the amount you would pay on a claim) before your policy kicks in.

Liability Coverage

If you’re involved in an accident, there’s a good chance another person or another watercraft is involved. And if you’re at fault, you’ll need liability coverage. You can choose a lot of liability coverage or a little – it’s up to you. We’ll show you what coverage and limits may be available, and how to get the maximum personalized protection you need.

Whether you’re a lifelong boater or just getting started, it’s always a good idea to take a close look at your new or existing marine policy. We can help. Simply fill out our quick and simple online form to learn how American Insurance Services Agency can keep you safe and secure with a marine insurance policy.

You’ve worked hard to get where you are, and you have a lot to look out for. You deserve the right policy at the right price. Why not get started today and save with a free New Jersey boat insurance quote? It’s easy with American Insurance Services Agency. Happy boating!

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