Complete Guide to Boat Insurance in New York (2025 Edition) 

Here's your clear, comprehensive guide to understanding boat insurance coverage in New York, designed specifically for the Lake Dads and Saltwater Weekenders out there.

‍
New York boasts more than 427,000 recreational boats, spanning scenic inland lakes and the bustling coastal waters of Long Island. While the state itself doesn't legally require boat insurance, lenders, marinas, and experienced boaters agree: insurance isn't just smart—it's essential.

Do You Need Boat Insurance in NY?

While there's no blanket state law requiring recreational boat insurance in New York, you’ll likely still need coverage if:

• Your lender financed your boat (they'll require comprehensive hull insurance).
  
  
• Your marina or yacht club requires liability insurance (usually between $300K–$1M coverage).
  
  
• You like to be prepared—accidents happen, and liability protects your personal assets from unexpected costs.
  
  

Skipping insurance might seem like savings until you're faced with expensive repairs or liabilities.

New York Boating by the Numbers

• Total registered boats: Over 427,000 statewide
  
  
• Reported boating accidents (2023): 138 (record low)
  
  
• Boating fatalities (2023): 18
  
  
• Freeze-related claims: New York ranks #2 nationwide
  
  
• Average boat insurance premium: Approximately $522 per year
  
  

New York Boating Requirements

• Anyone operating a personal watercraft (PWC) in New York must have a boating safety certificate and be at least 14 years old.
• All boats with motors (electric or fuel-driven) must be registered with the New York DMV.
• Every vessel, including personal watercraft, canoes, kayaks, and rowboats, must carry one USCG-approved wearable Personal Flotation Device (PFD) per person onboard.

‍

Key Coverages Explained

Liability (Protection & Indemnity)

Covers damages or injuries you might accidentally cause to others. Coverage typically starts at $100K, with higher limits recommended.

Hull & Machinery

Protects your boat itself against collisions, theft, and environmental damage. Choose between Agreed Value (fixed amount) or Actual Cash Value (depreciated amount).

Medical Payments

Handles medical expenses for injuries sustained onboard, regardless of fault.

Uninsured/Underinsured Boater

Protects you if another boater without adequate insurance causes an accident.

Trailer & Personal Effects

Coverage for trailers and personal items like fishing gear, watersports equipment, and more.

NY-Specific Endorsements

• Ice/Freeze Damage: Not standard; highly recommended due to New York’s harsh winters.
  
  
• Winter Lay-Up: Significant discounts if you store your boat in winter.
  
  
• Hurricane Haul-Out: Covers partial costs of safely removing your boat from water during storm warnings, especially beneficial for coastal boaters. Downstate marinas may haul for named storms.
  
  
• Navigation Limits: Policies vary by location—Great-Lakes-only policies are cheaper but exclude Atlantic coastal runs. Check the “75 nm offshore” line if you’re a Montauk tuna hunter.
• Salvage & Wreck Removal: Critical if your boat becomes a total loss; proper coverage simplifies the salvage process.  NY requires titles on 14 ft+ 1987-newer boats. If a vessel is totaled, you’ll need a MV-907A Salvage Certificate before transfer.
  
  

Boat Insurance Costs in NY

Typical premiums based on boat types:

• Pontoon Boats (Lake Use): $250–$500/year
  
  
• Center Consoles (Coastal Use): $400–$800/year
  
  
• Sailboats: $550–$900/year
  
  
• Cabin Cruisers (30+ ft.): $900–$1,800/year
  
  
• Jet Skis/PWCs: $100–$250/year
  
  

Completing a New York-approved boating safety course can save you around 5–10% annually.

Getting Your Boat Insurance Quote

When Bimini launches, getting your quote will be simple:

1. Gather basic boat information (Hull ID, make, model).
   
   
2. Provide details about your boating habits and storage.
   
   
3. Select desired coverages and endorsements.
   
   

Until then, sign up for our waitlist to receive updates and early access to hassle-free, mobile-first insurance quotes.

Discounts & Money Savers

• Boating Safety Course: 5–10% discount
  
  
• Winter Lay-Up: Significant seasonal discounts
  
  
• Multi-Policy (Home/Auto): Typically 10–15%
  
  
• Clean Boating/Driving Record: Rewards safe boaters
  
  
• Certified Marina Storage: Additional savings
  
  

How to File a Claim in New York

Should you need to file a claim:

1. Contact your insurance provider, and Bimini immediately.
   
   
2. Document all damages and gather necessary reports.
   
   
3. Keep detailed receipts and records.
   
   
4. Stay involved and ensure regular communication with your insurer.
   
   

New York insurers must acknowledge your claim within 15 business days, providing timely resolution.

Why Choose Bimini?

Bimini offers straightforward, digital-first boat insurance crafted specifically for New York boaters:

• Easy mobile quotes: "Quote → Bind → Float" quickly from any device.
  
  
• Transparent policies: Clear pricing without surprises.
  
  
• Local insights: Coverage specifically designed around New York’s boating community.
  
  
• Reliable support: Friendly, knowledgeable advisors who share your passion for boating.
  
  

FAQs on New York Boat Insurance

• Is boat insurance required by law in New York?
  No, but lenders and marinas often require it.
  
  
• Can homeowners insurance cover my boat?
  Generally, homeowners policies have minimal coverage—standalone boat insurance offers comprehensive protection.
  
  
• What if I trailer my boat out-of-state?
  Most policies extend coverage to neighboring states—verify your navigation limits.
  
  
• Can I get discounts for not boating year-round?
  Yes, seasonal lay-up discounts are widely available.
  
  

Ready to Set Sail with Confidence?

Be first in line when Bimini launches. Submit your information today for early access, exclusive launch discounts, and valuable boating insights.

👉 Join the Bimini waitlist now

(We promise smooth sailing and no spam!)

‍