Call Us 800-547-0006 ☰ ˟
Choice One Insurance
Call Us: 800-547-0006
  • Home Page
  • Coverage
    • Automobile
    • Boat
    • Business
    • Commercial Auto
    • Flood
    • General Liability Insurance
    • Golf Cart
    • Health
    • Homeowners
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Umbrella
    • Workers Compensation
  • Quotes
    • Automobile
    • Boat
    • Business
    • Flood
    • Health
    • Homeowners
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
  • Payments
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • Blog
  • About
    • About Us
    • Our Employees
    • Our Office
    • Our Reviews
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Auto Insurance

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Insurance

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Insurance

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
Boat Insurance

Boat

We browse through a wide variety of coverages and find the right one for you.

Learn More
Motorcycle Insurance

Motorcycle

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Deciding Between Boat Insurance And Home Insurance
MONDAY, JUNE 15, 2020

Deciding Between Boat Insurance And Home Insurance

Boat On Florida Canal

Home insurance is crucial for protecting your home and family in the event of a disaster. But it can also offer limited coverage for your watercrafts, such as a boat.

That said, there are also boat insurance policies specifically made to cover watercrafts. So, which option is better?

Home Insurance Limits

The coverage for boats under home insurance is extremely limited. In fact, most policies only offer $1,000 in coverage for a single watercraft. Unless you own a single cheap Jon boat, this will hardly put a dent in repairing or replacing your boat.

The average deck boat alone is between $20,000 and $50,000. Plus, many home insurance policies are actual cash value, meaning that as the value of the items insured goes down, so does the amount of compensation you will receive.

Boat Insurance Basics

Boat insurance is a separate policy from your home or auto insurance policies. This insurance offers a range of coverages such as:

  • Physical Damage or Loss: Loss of the boat or damage to it is covered under boat insurance if caused by fire, wind, hail, collision, vandalism, theft and other incidents. Items kept on the boat may also be covered.
  • Liability: Liability coverage covers expenses related to bodily injury and property damage caused by the driver while operating the insured boat.
  • Guest Passenger Liability: Guest passenger liability covers incidents involving a guest operating the boat with permission from the policyholder.
  • Medical Payments: Medical payments cover the medical expenses of the driver and their passengers after an accident.
  • Towing: Towing can help if the boat is stranded on the water.

A boat insurance policy offers more choices on limits as well as additional coverage for customized boat parts.

Cost Of Boat Insurance

Boat insurance premiums vary depending on several factors, most of which also affect car insurance rates. This includes:

  • Location
  • Age
  • Coverage Limits
  • Deductible
  • Value of the Boat
  • Driving Record
  • Credit Score
  • Claims History

On average, boat insurance is calculated at 1.5 percent of the boat's value. For example, if your boat is valued at $30,000, your average annual premium would be around $450, which is less than $38 a month.

You can often save money by bundling policies, so if your home insurance provider offers boat insurance, you may earn a discount by bundling home and boat insurance with them as opposed to insuring elsewhere.

Get A Quote

Posted 12:00 PM

Tags: boat insurance, home insurance, choice one insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019

  • choice one insurance(15)
  • home insurance(4)
  • car insurance(3)
  • auto insurance(3)
  • covid-19(2)
  • business insurance(2)
  • workplace(1)
  • motorcycle insurance(1)
  • life insurance(1)
  • violence(1)
  • health insurance(1)
  • boat insurance(1)
  • recreational vehicle insurance(1)
  • insurance(1)
  • business(1)
  • renters insurance(1)
  • cash value life insurance policy(1)
  • commercial auto insurance(1)
  • flood insurance(1)
  • commercial insurance(1)
  • general liability insurance(1)

View Mobile Version

Contact Us Today!
South Florida

(305) 252-1873


Throughout Florida

(800) 547-0006

Contact Us
Facebook Twitter LinkedIn Yelp Google

Resources

  • Quotes
  • Payments
  • About Us
  • Refer A Friend
  • Blog
  • Contact Us

Contact Us

18400 SW 97Ave | Cutler Bay, FL 33189
South Florida (305) 252-1873
Throughout Florida (800) 547-0006
Fax: (305) 677-7107 | E: info@choiceone.us
© Copyright 2020. All rights reserved. | Powered by Insurance Website Builder