Greater Long Island offers plenty of opportunities for maritime sport, and if you’re thinking of investing in a pleasure craft of any kind, then you are going to want to protect it from day one. Just like any vehicle on the road, boats are prone to accident risks, and you need to have boat insurance to help you recover from any losses you might sustain on the water. 

Lupton & Luce Insurance is Long Island’s preferred independent insurance agency, and we are committed to providing every boat owner with the options available to them for marine insurance. Call us at (631) 727-4114 or request your free policy quote now! 

Common Boat Insurance Questions  

Why Do I Need Boat Insurance?  

Boats are motor vehicles, and waterways are not much different than public roadways. There are even speed limits, traffic lanes and laws prohibiting drinking while boating. Therefore, whenever you take your boat out for a cruise, you are facing accident risks and other liabilities that are not that different from those faced by the average driver. You therefore need to protect both yourself and your property value against the risk that costly, unforeseeable challenges might arise at any time. Boat insurance will provide the restitution to help you afford to recover from these challenges. 

What is Covered Under Boat Insurance? 

Boat insurance offers numerous types of coverage, including: 

Your plan can also contain a host of other benefits like: 

How Much Boat Insurance Do I Need?  

When setting up your policy, ask one of our agents about the best way to tailor your coverage to your advantage. Overall, your priority is to minimize your financial losses from any boating accident. Therefore, consider such questions as: 

How much would it cost to buy a new boat if mine is totaled? 

• How much would it cost to buy a new boat if mine is totaled?

• What activities will I be doing on my boat?

• Will I need to insure people on the boat if they get injured in an accident?

• If I get sued because I was at fault for a wreck, how will I pay for the damage?

Your marine policy can offer the right amount of benefits to help you answer these questions, and it can ensure that your coverage minimizes your personal financial losses for accidents as far as possible. Therefore, don’t hesitate to ask your agent to dig into the details of your policy options to find the benefits that are more than adequate for you. 

Is Boat Insurance Required? 

Boat insurance generally is not required unless you are operating commercially. However, if you finance your boat when you buy it, your lender might require you to purchase minimum amounts of physical damage coverage. 

What Does Boat Insurance Cost?

Boat insurance rates vary depending on several factors, such as your:  

• Credit score 

• Claims/driving history 

• Value of the boat 

• Location 

We understand that your boat insurance’s cost is going to be important to you. That’s why we will work with our carrier partners to help you obtain your coverage, at prices you can afford. Plus, you can often bundle your boat insurance with your auto, home or other personal insurance benefits to maximize your savings capacity.