Boat/Watercraft Insurance in Florida
Boat insurance covers you in the event of damages or losses to your boat. Most watercraft with motors are under this type of policy such as fishing boats, paddle boats, pontoon boats, yachts, and leisure watercraft. Boat insurance doesn't cover personal watercraft, canoes or kayaks, but you may have some coverage for these types of items under your homeowner's policy. The state of Florida doesn't require boat/watercraft insurance but it's a good idea to cover your watercraft and protect your investment.
What Kinds of Insurance Coverage are Available for Boats?
Boat or watercraft insurance policies from All Counties Insurance Agency in Florida can include collision that will repair or replace your boat. It may or may not cover cleaning up the wreckage unless you get additional coverage. Property damage covers damages you cause to someone else's boat, property, structures, or a dock. Bodily injury covers injuries you cause someone else while operating your boat and it pays for medical bills, legal expenses, loss of income and pain and suffering. Comprehensive coverage compensates you if your boat or watercraft is damaged, stolen or vandalized in any type of accident that is not a collision. Additional coverage options can be added for medical payments, oil spills, personal property, roadside assistance, fishing equipment, and damages or injuries from underinsured or uninsured boaters.
Whose Insurance pays a Claim?
In a boating accident, if you were at fault, your liability insurance would cover the damage up to the policy limits. If the other boater is at fault for the accident, his insurance coverage pays for your damages up to the policy limits. If the other boater is at fault but has either no insurance or not enough insurance to cover the repairs to your boat, then the collision / comprehensive coverage on your policy would pay the claim.
It is best to carry as much insurance as possible on your boat or watercraft in Florida. Accidents are called accidents because they are mishaps and are not foreseen in most cases. Your watercraft is an important investment that should be fully protected against any damages. We at All Counties Insurance Agency can help you to navigate the confusing waters of boat/watercraft insurance to make sure you are covered.