25
Mar

What Should I Look for in an NJ Yacht Insurance Policy?

What Should I Look for in an NJ Yacht Insurance Policy.jpg

It’s almost time to break out the water toys – boats, watercrafts, and yachts oh my! So why not look into protecting your vessel today.  We specialize in writing all types of New Jersey boat insurance
policies – especially Yachts. But do you know what coverages you need to stay protected?

What Should I Look for in an NJ Yacht Insurance Policy?

There are two things to look for in a NJ yacht insurance policy. The first is hull insurance which will cover you at the time the policy is written on the value of the
vessel and that value will be paid in the event of a total loss.

The other thing is replacement cost (new for old) coverage on
partial losses. This coverage does not include sails, canvas, batteries,
outboards and sometimes outdrives, which are depreciated.

You will also want to look into protection
& indemnity insurance
 which will cover you for  liability. This coverage is
maritime law unique, and
designed for those on water exposures.

 For Insurance in New Jersey, American Insurance Services Agency is
your Insurance Agent of choice. We offer affordable NJ auto, business
and home insurance coverage and policies. Contact us today online or by calling (732)  680-4444