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Aerial Photo of a Marina

Boat/Watercraft Insurance

Boat Watercraft Insurance Retcho Insurance Agency Closter New Jersey

Whether you enjoy boating, fishing, sailing, or using a Jet Ski along the Jersey Shore or one of the state's many lakes and rivers, you are not alone. The popularity of boat and watercraft activity has exploded in recent years. This means that the risk on the water is higher. Whereas car insurance is required in many states to operate a vehicle, boat insurance is not. Specifically, in New Jersey, there is no requirement that a boat operator has to obtain specialized insurance.


However, this does not mean that insurance is unimportant and should not be purchased for your boat or watercraft. Boat insurance policies offered by the Retcho Insurance Agency at Closter are specifically designed to offer the liability and physical damage coverage that you need to operate on the water safely.

boat sailing

Although boat insurance is not required, private marinas and docks may require you to show proof of insurance.  In addition, you will need to register your boat if you meet any of the following conditions:

  • Your boat is used for 180 days or more each year.

  • If you rent, lease, or maintain the property for the storage of the watercraft

Additionally, any boats longer than 12 feet in length must be titled at a New Jersey Motor Vehicle Commission Agency. For the protection offered, purchasing boat insurance is a no brainer, and most policies will include coverage for the following:

  • Bodily injury liability: Provides coverage if your boat injures or kills a third party.

  • Property damage liability: Offers coverage if your boat damages a third party's property.

  • Collision: Pays for damage associated with a covered incident.

  • Comprehensive: Covers damage related to theft, vandalism, and acts of God.

four jet skies on water

The price of boat insurance can vary significantly depending on a number of variables, such as location, boat size, and kind of watercraft. For instance, the price of a bass boat will differ from the price of a high-performance boat. 

To learn more about boat insurance and its benefits, give the Retcho Agency insurance in Closter NJ a call today. Our friendly and professional team of insurance agents in Closter can assist in customizing a policy that exceeds your expectations without exceeding your budget. Give us a call today to schedule a no-obligation consultation.

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