Boat or Marine insurance is available for small boats, yachts, high-performance powerboats, live-aboard houseboats, catamarans, or pontoons. Marine insurance will cover intended use including personal recreation, commercial, or charter vessels.
Boat policies can cover damage to your boat, motor, trailer, and personal effects in the boat. Available coverage includes liability, medical payments, injury to a water skier and damage to the boat itself, sometimes called hull coverage. Availability varies by state and by insurance company. Even though boat insurance premiums are low, shopping your rate can sometimes save a substantial amount.
HOW TO GET THE BEST BOAT INSURANCE QUOTES
Why do you need insurance for your boat or personal watercraft?
You’ll enjoy the water ever more when you’re not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:
If you’re in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
If you or any passengers are injured in an accident, medical costs can be extremely expensive.
If your watercraft is responsible for damage or injury to others, you may be sued for much more than you’re worth.
Your watercraft also needs protection when it’s on land. Accidents can happen while towing a watercraft.
Things to discuss with your insurance agent:
How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen?
Is my boat or watercraft covered for use year-round?
What discounts and programs are available?
How much medical insurance and liability coverage is enough?
Do I have coverage if I need to have my boat towed in an emergency?
What’s the process for filing and settling a claim?
There isn’t one solution to fit all when it comes to insurance. For this reason, it’s important to discuss your individual insurance needs with a professional insurance agent. Contact Florida Insurance Hub for a complimentary coverage evaluation and insurance quotes for auto insurance, home insurance, specialty insurance, and business insurance. Florida Insurance Hub is committed to finding the most suitable coverage for the best value. Florida Insurance Hub is an independent insurance agency based in Brevard County and serving all of Florida including Titusville, Port St. John, Cocoa, Merritt Island, Rockledge, and Melbourne.