Watercraft & Boat Insurance
Watercraft & Boat Insurance Information
For Boaters in Miami and Across Florida
Florida is a hot spot for boating with sunny beaches, sparkling waters and amazing tourist areas. But most people don't think of the danger that could meet their boat. While open waters seem safer than busy roadways, this isn't always true. Accidents can happen on the water, in the marina or even when the boat is docked.
Choice One Insurance understands the dangers that face Florida boat owners and offers comprehensive, affordable policies to cover those risks. Our insurance professionals will work with you to tailor a policy for your boat and budget. Call us at (800) 547-0006 to connect with an expert or fill out a form for an online quote today.
Common Boat Insurance Questions
Boat insurance rates vary depending on several factors, such as your:
- Credit score
- Claims/driving history
- Value of the boat
In Florida, the average cost of boat insurance is about $495 a year.
While not legally required, boat insurance is crucial to protect your boat. A home insurance policy has very limited coverage for boats, usually capped at $1,000. Boat insurance can cover your boat in case of loss or damage, as well as liability issues tied with causing an accident while operating the boat.
To get started, you can fill out a form for a free online quote today or call us at (800) 547-0006 to connect with an agent.
It's recommended that boat owners carry enough insurance to cover the value of the boat. This varies depending on the replacement value of the boat. If you live in a wealthy area, you may want higher liability limits in order to cover possible expensive damages after an accident.
Boat insurance policies generally cover:
- Physical Damage: This covers the boat and its attached fittings and fixtures from fire, theft, vandalism, wind, hail and collision.
- Medical Payments: This covers medical expenses for the policyholder and their passengers after an accident.
- Liability: This covers bodily injury and property damage the boater may cause to someone else in an accident.
- Guest Passenger Liability: This covers expenses if a permissible passenger causes an accident while operating the boat.
Boat insurance isn't legally required, but certain marinas will require boat insurance.