Although it sounds extraneous, boat insurance is actually an important component that goes into the care of any water-bound vehicle, or most notably, a boat.
Any boat owner needs some type of Florida boat insurance policy, even if they think they don’t 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 important things that simply improve one’s quality of life, most notably their health. So, boat insurance is important 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 type of loss. This type of insurance policy covers all motorized water vehicles, which can include fishing boats, jet skis and yachts.
Since this insurance policy mainly covers motorized water vehicles, boats and other water vehicles that aren’t motorized don’t have coverage. This includes water vehicles like canoes, kayaks and paddle boats. Some home insurance policies, however, do provide some coverage for the aforementioned non-motorized water vehicles.
The most standard coverage options for boat insurance are generally the following:
- Property damage and/or body injury liabilities.
- Uninsured boaters.
- Medical pay.
- Collision coverage.
- Comprehensive coverage.
Most, if not all Florida boat insurance companies – especially in the state of Florida – will have some type of standard boat insurance policy using one […]