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Newmarket, NH 03857

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Boat insurance: Do I need it?

Boat Insurance: Do I need it?

While boat insurance is not a requirement in Newmarket, NH, it doesn’t mean you are safe without it. Boat insurance is a critical financial tool that protects you from lawsuits that could quickly leave you broke. Even if you only use your boat once in a while, it is essential to think about insurance, especially with regard to liability. At Keslar Insurance Agency, we recommend buying adequate insurance to cover you and your passengers.

It could be a requirement.

If you bought your boat through a bank loan, the chances are that your bank will require you to purchase boat insurance to help protect the watercraft while it is in your hands. The bank is the lienholder on that policy and will be the co-payee in case of loss or damage. Marinas also require a form of coverage before accepting a contract for mooring or slip. 

It offers a wide range of coverages.

Most boat insurance policies offer almost similar coverages, like auto insurance. You and your boat are protected from a wide array of perils that may result while you are in the water. If you spend most of your time in the water, you may want to have enough liability coverage. Find an option that can provide you with some additional coverages like emergency services, fishing equipment protection, and other premium services. 

Litigation and investment protection

How much would it cost you to replace your boat if it was stolen or damaged? Would you be able to replace it immediately? Probably not. That is why you need boat insurance to protect it. Without adequate protection, you risk losing your investment to various accidents or any other event that could lead to damage or loss of your watercraft. Lawsuits are also common in Newmarket, NH. You can get sued anytime for just about anything. Boat insurance helps you stay protected.

For more information, queries, quotes, or new policy discussions, feel free to speak to any of our Keslar Insurance Agency today!

Gratitude: We couldn’t have done this without you. Best of the Seacoast 2019

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Best of the Seacoast 2019 Best Insurance Agency

We wake up this morning full of gratitude. Last night we had the honor of winning the 2019 Best of the Seacoast award for Best Insurance Agency.

We couldn’t have dreamed of this without the support of so many.

  • Our fantastic customers who allow us to service their insurance needs. We are so grateful for the trust you put in us.
  • Our exceptional team who really treat our customers as they’d like to be treated themselves.
  • Our amazing friends who voted, shared, and cheered us on.
  • Our ever-supportive networking partners. We have so many in our lives who understand that a rising tide really does raise all boats.
  • Our community in which we are grateful to serve every day.
  • And of course, our family- those we love and cherish more than words can express.

IMG_20190822_204748We understand that this now sets an even higher bar of expectations from all with whom we come into contact. We are ready and up for the challenge and so grateful for the opportunity to continue to serve.

Sincerely,

Lisa & David Keslar

 

Brendan Jorgensen now Licensed P&C Agent for Keslar Insurance Agency

 

 

Brendan JorgensenKeslar Insurance Agency is pleased to announce that Brendan Jorgensen is now a licensed property and casualty agent in NH and ME. He is now able to fully support home, auto and business insurance.

“We are excited to see Brendan move to this next level in his career with us. We are confident that he will provide exceptional service throughout the relationship with our customers.” said Lisa Keslar of Keslar Insurance.

Brendan is a resident of Newmarket,  where he and his wife are raising their two children. He’s very active in the community including working with the Newmarket Business Association and the BeFree Community Church.

Learn more about Brendan.

About Keslar Insurance

Keslar Insurance Agency is a full service provider of residential and commercial insurance products in New Hampshire and Maine. Keslar Insurance makes sure clients have the right insurance products to protect the most important things in life-family, possessions and business. Keslar Insurance employees focus on providing the kind of service and value we’d expect for ourselves and our families. Our products which include Homeowners insurance, Auto, Life, Umbrella, Renters, Landlord, Boat, Snowmobile, ATV, Flood, Commercial Auto, Business Owner’s Policies, General Liability, Worker’s compensation, motor home, camper and more. For more information visit: www.keslarinsurance.com.


 

Boat Insurance: What you need and why

boatBoating season is just around the corner. Here’s some FAQ’s we often get about how to protect you, your boat and others, so you can enjoy your time on the water!

Are all boat insurance policies the same? No. There are different types of boat insurance. Sailboats, water-ski boats, fishing boats, cruisers and personal water craft each may have different insurance requirements.

Won’t my homeowner’s insurance cover my boat? Many homeowners policies often will have a minimal amount of coverage for really small boats like a sailboat. Also, your homeowners insurance may provide limited coverage if the boat is damaged while parked on your property, but it may not cover stolen contents or vandalism. Discuss with your agent ways to protect your boat additional risks with things like an umbrella policy.

What does boat insurance cover? A boat policy covers:

  • liability if someone is injured on your craft
  • bodily injury that your boat inflicts on others
  • property damage your boat inflicts on docks and other boats
  • physical damage to your boat should you hit something or run aground.

You can also purchase comprehensive coverage against theft, vandalism, fire and flood, personal property coverage for your fishing gear, uninsured boater insurance and even roadside assistance in the event you need a tow.

What about the months I don’t use my boat? Do I need to insure it? A boat policy may allow you to “lay up” or suspend coverage for specified periods when you’re not using the boat. Discuss with your agent the trade-offs to suspending coverages.

What is “Agreed value” vs. “market value” or “actual cash value”? With agreed value, the insured and insurer agree on the value of the boat upfront. If something happens to the boat, you’re going to get paid up to the agreed value. With market value or actual cash value, the boat depreciates; so if the boat is destroyed, you’re going to get enough money to replace the boat’s (current) value. Owners of newer boats and boats that are financed typically go with agreed value. Owners of older boats may consider cash value.

Is my boat covered when I’m trailering it?

When the boat is attached to your car or truck, you are covered by your auto policy should you back into somebody. Note, you are only covered to the limits of that auto policy. Always check those amounts with your agent.

What if my boat isn’t worth much. Do I still need insurance?
You should never be without adequate liability insurance. Accidents do happen and you could be in a situation where someone is seriously hurt or you caused major damage to another boat or facility.

Have more questions on insuring your boat? Always talk to a reputable independent agent who can provide you with choices. We are happy to help. We can be reached at 603-273-0953 or www. Keslarinsurance.com.

 

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