Boaters love their vessels. They love sailing it around the beautiful waters off the coast of Florida. However, they want to protect that investment wherever they are. Florida marine insurance is there to help repair or replace the ship should it get damaged.

Just because someone sails safely does not mean every boater on the water is safety conscious. All it takes to ruin the day on the water is an inexperienced, intoxicated, or careless boater to hit the boat. Furthermore, a storm could come up. Therefore, there are many risks inherent in boat ownership.

Whatever Floats the Boat

Engineers designed boats to be in the water. That brings a whole new level of risk to the table for them and the Florida marine insurance company. In addition, before a homeowner thinks their policy will cover a boat, read it. Ask the company before they take that sailboat or powerboat for a spin. If it does not cover it, and it most likely does not, they need specific coverage for the boat.

Did they budget for nautical coverage? Unfortunately, many owners do not incorrectly assume that their homeowners’ policy covers their boat. If not, never fear. Cheap Florida marine insurance compliant is available. Compliance is a word they hear a lot. It simply means that the coverage is in line with current coverage laws and regulations. Please start with the company they use for their homeowners or renters policy. If they are different from the auto insurance company, get one from the auto agent.

Bundle Up Tight

Do not forget, a great way to save money is to use one company for everything. Therefore, while shoppers get a quote, talk to an agent about bundling home and auto policies. It will be one less bill every month, and it will usually qualify for a multi-policy discount. Bundling means adding a yacht […]

Although it sounds extraneous, boat insurance is a critical component that goes into the care of any water-bound vehicle, or most notably, a boat. Every boat owner needs a Florida boat insurance policy, even if they think they do not need one. Insurance policies, in general, protect people against sudden accidents, liabilities, and other situations that fall out of their control.

Insurance also helps cover payments for essential things that improve one’s quality of life, most notably their health. So, boat insurance is vital because it can protect a boat and the owner from various elements throughout the year.

Behind boat insurance

Boat insurance is a type of insurance policy that protects a boat and its owner, as mentioned, in the event of any loss. This insurance policy covers motorized water vehicles, including fishing boats, jet skis, and yachts. However, since this insurance policy mainly covers motorized water vehicles, small crafts, and other water vehicles that are not motorized do not have coverage. Some examples include canoes, kayaks, and paddleboats. However, some home insurance policies provide insurance for non-motorized water vehicles. Again, check with an agent to confirm.

The most standard coverage options for boat insurance are generally the following:

• Property damage and bodily injury liabilities.
• Uninsured boaters.
• Medical pay.
• Collision coverage.
• Comprehensive coverage.

Is there such a thing as standard coverage?

Most, if not all, Florida boat insurance companies will have some standard boat insurance policy using one or more of the options mentioned above. In addition, many boat insurance companies in Florida offer specialized coverage options, which […]

Suppose they are lucky enough to live in Florida and have a boat longer than twenty-seven-foot. In that case, they need to educate themselves on protecting their investment. Buying Florida yacht insurance is not the same as boat insurance in Florida. While there are some similarities, there are some differences that they should be aware of when seeking out coverage.

How much Florida yacht insurance do sailors need?

 One of the main things they need to establish upfront is the value of their yacht. In addition, the replacement cost is an essential point because if they file a claim, they want to receive the correct replacement value. When the underwriter determines the value of their yacht, they consider many things, including:

• The age of the craft.
• The condition of the boat.
• The size of the vessel.
• The number of bedrooms.
• The number of bathrooms.
• The value of the appliances. 

Make sure that the carrier establishes an acceptable value. If not, they may find themselves unable to replace the yacht in the event of a catastrophic accident. Yacht insurance in Florida includes bodily injury coverage. Therefore, bodily injury protects them if they are injured while on their yacht. In addition, Florida yacht insurance protects […]

If anyone lives in Florida, they have probably been on a boat. The question is, were they protected while enjoying the day on the water? Unfortunately, the average consumer often overlooks Florida’s boat insurance because most owners do not realize they need protection. This type of coverage applies to all kinds of motorized water-based vehicles. These include fishing boats, yachts, jet skis, and pontoon boats. Boat insurance Florida helmspeople love is protection that accepts liability for the passengers and provides them with peace of mind.

Most boat insurance policies do not cover small watercraft like canoes, kayaks, and paddleboats. However, some homeowners’ policies may protect them. Boat insurance is necessary for all avid boat owners in states like Florida, where boating is relatively standard.

Boat insurance Florida residents can afford.

Many policies have both standard and specialized coverage for motorized boats. All boat insurance policies cover:

• Personal and property damages.
• Uninsured boaters and water vehicles.
• Medical pay.
• Comprehensive and collision needs.

Although carriers apply these coverage […]