We have the luxury of being able to use boats almost all year round in Florida. But as summer approaches and seasonal visitors come down south, the more boats will be on the water. Making sure your boat is properly insured is not only a law but can protect you in many situations. We offer three different types of Florida boat insurance at our agency.
The first is medical payments coverage. This type of coverage is to pay for medical expensive that may arise from an unexpected accident on the water. Between reckless drivers and dangerous water sports, injuries are inevitable. Having coverage if yourself or a guest gets hurt while on your boat can help save you money from paying the hospital bills.
A second type of coverage offered here in Florida for boat insurance is physical damage coverage. This type of coverage is to protect your boat and equipment if damage occurs. This can include the boat itself, the trailer, and motor. Usually when you opt this type of coverage in your policy you will be asked by your insurance agent to choose a deductible before your policy kicks in.
The third and most important type is liability coverage. If you find yourself in a boating accident, most of the time there is another person and watercraft involved. If the accident happens to be your fault you would need liability coverage to cover the damage charges.
Depending on what type of boat you own and how often you are out on the water, different types of coverage is available. Even if you have been boating for years, making sure at the beginning of each season you are properly covered can save you a lot of hassle later on and let you cruise down the intercostals worry-free.