Franklin Insurance Agency

2345 Southern Blvd SE Ste C4,
Rio Rancho, NM 87124, United States

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Do Non-Motored Boats Need Boating Insurance?

If you own a non-motored boat, most states won’t require you to carry boat insurance. However, you can choose to insure your boat if you have risks that make it a good choice. If you want to secure a boat insurance policy, the Franklin Insurance Agency can provide residents around the Rio Rancho, NM, area with quality coverage. 

Boat Insurance Information

If you own a non-motorized boat, there may be instances where having insurance on your vessel is a good idea. If you feel there is a risk of damage to your boat or others and other events such as theft or vandalism, securing boat insurance coverage is a good option. If you would like to learn more about boat insurance coverage, our team of insurance experts can help you understand your policy choices and help you find the right insurance products for your needs.

Our agents take the time to carefully assess your situation and use that information to recommend insurance policies that offer the most protection. Once you select your policy, you can depend on your insurance agent to help you submit documentation to acquire it and provide support for any changes to the policy over its lifetime. If you have a claim, we can help with claims submissions to ensure you get a payment to repair or replace your boat.

Contact Franklin Insurance Agency Today

You can count on Franklin Insurance Agency to provide the residents in and around the Rio Rancho, NM, area with insurance products they can rely on. Additionally, we are committed to providing excellent customer service and support. Please call or stop by our office to schedule a consultation with one of our agents or to get answers to any questions.

Do You Need Boat Insurance in New Mexico?

You love your new boat and will want to protect it with an appropriate amount of boat insurance. According to the boat insurance agents at the Franklin Insurance Agency in Rio Rancho, NM, there are several coverage options you can choose from.


While boats are not required to be insured in the state of New Mexico, it is recommended to protect the investment you have made in your boat. Also, if you borrowed the money for your boat, you will be required by your lender to have boat insurance in place. Remember that boats in New Mexico must correctly display their validation stickers and registration number, even though boat insurance is not required.

Liability Boat Insurance

Liability boat insurance is critical since it can help you pay for any damage you cause to someone else’s boat or other property and even injuries that may result from some type of accident out on the water.

Comprehensive and Collision Insurance

If your boat catches on fire, is damaged by vandalism, or is destroyed by a hurricane or some other type of natural disaster, you will be grateful that you have comprehensive insurance in place since it can help you pay for the necessary repairs to your boat. Comprehensive insurance can also help you replace your boat if it is stolen.

Collision insurance will assist you in paying for damage to your boat if you collide with another boat or even a stationary object, such as a dock or wall.

Contact Us

To obtain the appropriate amount of boat insurance, contact the boat insurance agents at Franklin Insurance Agency in Rio Rancho, NM today!

New Mexico Boat Insurance Laws

In New Mexico, you are not required to have boat insurance, but it is always recommended. There are as many laws regulating the waters and traffic on the water in New Mexico as there are for New Mexico roads.

At Franklin Insurance Agency, we want Rio Rancho, NM residents to feel secure and protected when they are boating. Know the laws before you hit the water, and you will have safer adventures.

New Mexico Boat Insurance 

New Mexico boat insurance is similar to New Mexico auto insurance, in that it offers similar coverage. You can purchase:

• Bodily Injury Liability – Covers injuries to third parties
• Property Damage Liability – Covers damages to property that is not yours
• Physical Damage – Covers damages to property that is yours
• Property Coverage – Contents of your boat
• Towing Coverage – When your boat needs to be removed 
• Comprehensive Coverage – Coverage for damage not caused by collision
• Pollution Liability – Coverage when you are at fault for fuel spills
• Uninsured Boater Coverage

Your boat must be registered with a Certificate of Number and titled in order to operate it legally in New Mexico. If your boat is from another country, owned by the United States Government or state of New Mexico, or documented by the Coast Guard, you do not need that information.
Avoid Reckless Boating

Avoid reckless boating in New Mexico, as there are heavy fines and penalties for failure to do so. Boating violations are enforced by the New Mexico State Parks Division, the county sheriff, State Police, and the Coast Guard on federal waters. They have the authority to stop your boat at any time to ensure federal and state compliance.

It is illegal to:

• Speed
• Create or jump dangerous wakes
• Anchor less than 150 feet from a dock
• Chase or harass wildlife
• Boat in restricted areas
• Fish from a boat driving within 150 feet of a marina, ramp, or dock
• Operate under the influence of drugs or alcohol

Get a Quote

Boating is a dangerous activity, but there is protection. When you want to get boat insurance in New Mexico, be sure that you have the coverage you need for every possible risk. At Franklin Insurance Agency, we want Rio Rancho, NM residents to be protected. Call us for a quote today.

3 Tips for Buying Boat Insurance in Rio Rancho NM

Owning a boat is a dream come true for many people in Rio Rancho, NM. Isn’t that reason enough to protect one of your most prized possessions? If you don’t already have boat insurance, it’s a good time to consider purchasing a new policy. If you already have one, good for you. But have you considered switching to a new carrier to save money? All these tips and more can be explained by contacting Franklin Insurance Agency. But first, we’ve put outlined three tips below to help you know what to expect during the boat insurance buying process.

1. Start with a Reputable Agent

Working with a reputable insurance agent is the key to your success. Our friendly and knowledgeable insurance agents are standing by to take your call, answer your questions, and point you toward several policies to consider. You’ll save both time and money when you put our agents to use.

2. Be Sure to Bundle

Bundling insurance policies under one carrier is a sure way to save money. Your deductible will remain the same, but you’ll save on your premiums. Consider switching to a new carrier for maximum savings and don’t forget to ask your reputable insurance agent about other ways you can save money on boat insurance.

3. Compare Quotes

We recommend comparing several boat insurance quotes before making a decision. Each quote will have differences in what is covered, how much, and for what price. A reputable insurance agent can help you with this by quickly and easily point out all the differences for you to consider.

To purchase a new boat insurance policy, contact our team at Franklin Insurance Agency today, serving the Rio Rancho, NM area. We can be reached.

What does boat insurance cover?

You have finally done it, purchased the boat of your dreams in Rio Rancho, NM. With over 1200 lakes and 200 miles of river, New Mexico is a great place for boat owners. You may be wondering if the insurance that you already have will cover your boat. Is it covered under your auto insurance or your home insurance? The simplest answer is yes with lots of qualifications. This is where having a knowledgeable agent like those at Franklin Insurance Agency on your side. 

If you have home insurance and your boat is damaged while it is sitting on a trailer in your yard, chances are your home insurance will cover it. If your boat is on a boat trailer traveling to a lake or river, the trailer is covered by your auto insurance but it is likely that the boat isn’t. What this means is that you need to carry boat insurance for a variety of very important reasons. 

Liability is the most important thing to consider. If you are involved in an accident with another boat, jetski, or dock, just to name a few possibilities, someone may be injured. If you are at fault, the cost of their medical care or property damage will fall to you, Boat insurance will give you the liability coverage you need, the recommended minimum is one million dollars. 

If you have a loan on your boat, your lender will require collision and comprehensive coverage which protects your boat from a variety of potential damage. Accidents are not the only thing that can damage your boat. You will also be covered for theft with this coverage. 

Owning a boat can be a dream come true. Boat insurance can help to keep that dream from becoming a nightmare. At Franklin Insurance Agency in Rio Rancho, NM, we would love to sit down and talk to you about the best coverage for you. Stop by or give us a call today.

Tips to Protect Your Boat From Being Stolen in New Mexico

Many of our clients living in the Rio Rancho, NM area enjoy boating on the weekends and around their work schedule. Owning a boat is a significant financial investment. At Franklin Insurance Agency, we want to help you keep your assets. Below are some leading tips to protect your New Mexico boat from being stolen. 

How’s the trailer?

The easiest way for thieves to steal a boat is to hook to the trailer and drive off. If your trailer is accessible and unlocked, this can happen in less than a minute. However, having your trailer stationary with a missing tongue or trailer tires for the extended winter storage will often deter thieves from attempting to steal your boat. 

Multiple Locks

Put a lock at every corner and more on your boat while it is being stored. Having to remove multiple locks means more time and work for those trying to steal your boat. In most cases, your boat will put them at too great a risk of getting caught, forcing them to move past it. 

Keep it Covered

For most thieves, out of sight is really out of mind. They are only looking for what they can see to steal. If your boat is covered under a cover and stored beneath a shelter away from the road, it will often be overlooked by those scanning the area. 

Wire Up

You can add a wired alarm system to the boat that will alert you via message if it has been activated or even removed. Many of these alarm systems have an app that can be easily downloaded. 

Call us for the best protection

If you live in the Rio Rancho, NM area and need boat insurance, call our agents at Franklin Insurance Agency today for more information. 

4 Basic Boating Tips for Beginners

Rio Rancho, NM isn’t all desert and sand. The area surrounding the city boasts many opportunities for boat enthusiasts to get out on the water. These tips are designed to ensure new boat owners stay safe, follow the rules, and have fun while they’re getting comfortable at the helm. 

  • Enroll in a boater’s safety course. The Energy, Minerals, and Natural Resources Department of New Mexico (EMNRD) provides access to approved courses. Throughout the course, you will learn essential skills like interpreting traffic signs along waterways, how to equip your vessel for various activities, and what to do if an emergency happens.
  • Check the status of your boater’s insurance policy. Your boater’s insurance policy covers your liability if an accident occurs with your boat. This includes medical payments, repairs to your vehicle, and damage to the property of others. Talk to an agent at Franklin Insurance Agency before your first launch to ensure your watercraft is fully protected.
  • Get familiar with your rig. Even after a few training classes, you need some time to get comfortable with the way your boat operates. Take a close look at the location of gauges, lights, radios, and compasses. Locate important accessories like detectors, extinguishers, emergency radios, and first aid kits. Walk around and decide where you will store things like clothing, food items, and leisure equipment.
  • Practice backing up before getting to the ramp. It is poor boating etiquette to use the ramp for too long. If you’ve never backed a boat into the water before, spend some time practicing in the parking lot before taking your place in line for the ramp.

Franklin Insurance Agency helps boat enthusiasts in the Rio Rancho, NM area protects their aquatic toys with insurance. Contact our representatives to learn more about customized boat insurance.