Set sail, drop anchor with boat insurance that performs.

Put our experience and expertise to work for you.

Offering Boat Insurance Options to Fit Your Needs

There’s nothing like a Long Island summer out on a boat – enjoying the day cruising on the Sound or the Great South Bay. Whether you’re an avid fisher, or you simply like to spend some time on the water during the warmer months, protecting your boat should be at the top of your priority list. The Regan Agency can provide you with the protection you need with comprehensive Boat insurance.

Types of Boat Insurance Available

You can purchase Hull insurance to cover damage to your boat. You can either purchase the coverage on an “agreed value” or “actual cash value” basis. An “agreed value” policy covers the boat based on its value. While it can cost more up front, there is no depreciation for a total loss of the boat. “Actual cash value” policies cost less up front, but factor in depreciation. The policy will only pay up to the actual cash value of the boat at the time it is declared a total or partial loss.

Policies also provide compensation for medical expenses, if your passengers are injured in an accident that involved your vessel, and liability protection, in the event that you’re sued.

You can purchase third-party liability insurance to cover damage your boat causes to the property of others. It will also cover any incidental damage caused such as liability stemming from fuel spills, towing, medical expenses, and any rescue operations necessary. Your marina may require you to carry a third-party marine liability policy.

There are all-risk policies available that typically cover any risk that is not specifically excluded in the Boat insurance policy such as ice damage, freezing, pollution liability, reef damage liability, and mechanical breakdown.

If you have a vessel 27 feet or larger, you need a special policy because these larger vessels typically have more unique exposures than a smaller boat.

Our staff is available to review all these options with you and get you properly protected.

We’re Ready to Serve Your Insurance Protection Needs 

We invite you to learn more about the Regan Agency and to give us an opportunity to show you how we can take care of your business and personal insurance needs. Just give one of our professionals a call at 631-669-3434.