Boating and Long Island go together like Wisconsin and cheese. It’s a hallmark, a classic pastime. Head out to a marina at sunset and you’ll see Long Islanders docking, dining and toasting to the fact that we live where others vacation. Before you take to the water this summer, be sure you’re anchored with an insurance policy that keeps you (and your wallet) safe. To help you make the right decisions about your boat insurance policy, Pulse caught up with Michael J. Cirigliano, agency owner of Allstate in Patchogue.
Long Island Pulse: Tell me a bit about your background and how it helps you in your current role.
Michael J. Cirigliano: I have 12 years of progressive experience and notable achievements in financial management, insurance and staff development. In 2004 I started as an account executive in the marine industry doing boat insurance and financing. I was promoted to business manager in 2006 and was selected as the top business manager for finance and insurance eight times. I opened my own Allstate Agency in 2015. Over the years, I’ve learned how to evaluate operations and implement strategies that capitalize on market trends and improve profitability. I can establish and build client trust and long-term relationships through communication and interpersonal skills.
Pulse: Being involved in the community is extremely important to you. What are some of the organizations you work with and initiatives you’re taking?
Cirigliano: I’m a member of the Patchogue Chamber of Commerce & Long Island Family Caregiver Coalition, and I am heavily involved with sponsorships within the community and local school districts. In June, I run a Get There Safe program with the high schools through Allstate. For two days, we’ll be talking to students about what to expect when they get their license, driver safety, what to practice when they get their permits and licenses and the top three causes of teen accidents.
Pulse: One of the many services you offer is boating insurance. Summer is here and Long Islanders are taking to the water. Why should they be sure to have insurance on their boat?
Cirigliano: Unless you have a lien holder, boat insurance is not required by law on Long Island. However, it is important to protect your boat and your crew from the unexpected. Accidents are a part of life. They are unexpected. It’s better to be prepared to deal with one. You also spend a decent amount of money on a boat. Although being out on the water on a sunny day is priceless, you want to protect the money you spent on the boat. Insurance will help you protect your boat and can reimburse you for the full value.
Pulse: What are some common mistakes people make when shopping for boating insurance?
Cirigliano: People often don’t make sure the coverage meets or protects their insurance needs. A lot of boaters will strictly look at the premium. The premium is a very important factor, but you want to make sure you have the right coverage to protect you against the unexpected. This will help ensure that the coverage will be there for you when you need it. You want to make sure the premium you are paying will give you the peace of mind you need if the unexpected happens.
Pulse: What should a policy include?
Cirigliano: Watercraft medical payments coverage: Helps pay medical costs if you or anyone on your boat is injured in an accident.
Watercraft liability coverage : If there’s an accident, this covers the medical and other expenses of whoever was injured as well as the costs of repairing or replacing another person’s boat or property.
Property coverage: Covers the damage to your boat if you’re involved in an accident with another boat or something else, like a pier, buoy, dock or debris. It also typically pays for damage caused by something other than a collision, such as theft, fire or vandalism.
Repair cost: Covers the repair work done on your boat, motor, equipment or trailer with no deduction for depreciation.
Emergency services: If your boat breaks down, this covers the cost of towing and labor and the cost of delivering fuel, oil or a battery.
Uninsured watercraft coverage : If you’re in an accident with an uninsured boater, this helps pay for injuries that you, your family or anyone else on your boat sustains.
Agreed value option : When you’re reimbursed for your boat’s value, you’ll be reimbursed for what it was worth at the start of the policy regardless of the current market value.
Personal effect coverage: Covers your fishing equipment and other personal belongings if they’re damaged, lost or stolen.
Additional boat equipment: Covers boat accessories, like anchors, life jackets and navigation gear, up to the policy limits.
Boat trailer coverage : Covers damages to your trailer resulting from an accident or other unforeseen incidents.
Pulse: How can people learn more about boating insurance?
Cirigliano: People can learn more about boat insurance by calling me at 631-758-7225, emailing me at firstname.lastname@example.org or visiting my website at allstate.com/mcirigliano. On my website you will find a boat insurance overview, coverage information, boat insurance discounts and boat safety information. I look forward to seeing you on the water!