Florida has clear, crisp waters and a vivid tourism industry. Visitors flock to the state for the warm weather and the many watersports available. With the high number of boaters on the water, it's no surprise that the state has some of the highest boating accidents in the nation. Unfortunately, many of these boaters do not have boat insurance. Boat insurance isn't mandatory in Florida. However, it's a wise idea to purchase coverage if you plan on enjoying the waters or carrying passengers.
The state has the highest number of boating accidents in the nation. Whether you spend the night on the water, run a charter operation or just use you boat a few times a year, chances are that you or someone you know has been involved in a boating accident. Boat insurance is one way to have peace of mind and protection while enjoying the waters in Florida.
Boat insurance is a set of policies that offers coverage for some of the most common incidents that occur while boating. A typical boat insurance policy may provide the following coverage:
If you purchase your boat with a loan, the financer will likely require you to carry insurance on the vessel until the loan is satisfied. Additionally, if you use the vessel for commercial purposes in Florida, such as chartered fishing, you are required to have boat insurance.
Insurance companies understand that there are a number of different types of boats out on the waters in Florida. Here's a short list of the boats that you can cover with boat insurance:
You can get boat insurance coverage for other types of boats as well. Speak with an agent about which coverage is right for you and your vessel.
On average, boat insurance can cost from $100 to $500 per year. Many factors go into calculating your quotes for boat insurance in Florida. When searching online for boat insurance, make sure to be aware of the following:
Insurance companies use all of these factors, plus many more, to determine your individual policy quotes. These answers will help insurance agents determine your personal risks and coverage needs.
Just like many other insurance policies, there are discounts available on boat insurance in Florida. Below is a list of the most common boat insurance discounts:
Each insurance company offers its customers different discounts, so be sure to speak with your insurance agent about any discounts you may not be aware of.
When you decide to purchase boat insurance in Florida, it's critical to have a knowledgeable professional by your side to make sure you have the proper coverage for all the incidents that can occur. A Trusted Choice® agent is always available to discuss coverage options, suggest discounts or policy changes, and even help you file a claim.
Contact your local Trusted Choice agent for more information.