boat insurance miami florida

Boat Insurance

How to save money on boat insurance

In addition to using a variety of insurance companies to obtain the lowest possible premium for your boat insurance, we will review with you all of the available discounts and coverages. The value of boats can decrease over time and we will review with you what should be the proper limit of insurance for your boat.

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Good reasons to carry insurance on your boat or personal watercraft

You'll enjoy the water ever more when you're not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:

  • If you're in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
  • If you or any passengers are injured in an accident, medical costs can be extremely expensive.
  • If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
  • Your watercraft also needs protection when it's on land. Accidents can happen while towing a watercraft.

Home and auto insurance policies may provide limited coverage for personal watercraft. Talk to your insurance representative about coverage limits. You may want to consider purchasing a personal watercraft policy to protect yourself and your water vehicle in the event of an accident.

Liability coverage

Covers injuries and property damage to others resulting from a covered accident if you are found to be legally liable. This includes pollution liability coverage at no additional cost. It also also includes wreckage removal at no additional cost when physical damage coverage (Comprehensive and Collision) is purchased.

Comprehensive and Collision Coverage

boat insuranceComprehensive covers damage to your boat, motor, trolling motor, trailer, permanent and portable boating equipment for losses resulting from things other than collision (such as damage from fire, theft, for storms) and is subject to a deductible. Collision covers damage to your boat, motor, trolling motor, trailer, permanent and portable boating equipment in the event of an covered accident, subject to a deductible.

Uninsured or underinsured boater coverage

Covers damages due to bodily injury that you, relatives, and anyone on your covered boat have if injured in an accident with an uninsured/underinsured boater or hit-and-run boater.
Medical payments
Covers medical bills for the treatment of injuries that are incurred by you or others while operating or occupying your boat.

On-water towing and labor

Covers towing expenses and other emergency services up to selected limits in the event your boat becomes disabled while on the water.

Fishing Equipment

Covers damage to fishing equipment, up to selected limits, while on board an insured boat, or while being carried onto, or off of, an insured boat.

Personal Effects

Pays replacement cost for physical loss or damage to your personal property, up to selected limits, while on board an insured boat, or while being carried onto, or off of, an insured boat.