Boat Insurance

Florida Insurance for Boats

If you live in Florida, you already probably know that you need to have boat insurance. It can be very difficult to land the perfect coverage with all of the various options out there.

A boat insurance policy gives boat owners protection from both liability and property loss.

Some day you may get tangled up in an accident while sailing. No one wants to come up with the sum of money that may be owed in the occurrence of a accident. Boat insurance is designed help to care for you financially. Additionally, sailboat insurance can help cover costs associated with repairing or replacing your vessel if broken or stolen. With a multitude of boat insurance associations today, there is a tool for every insurance need, giving boat owners a wide range of benefits, percs, and boat insurance discounts.

Still, boat owners need to carry out detailed research on which ship insurance company supports and give them them the tailored coverage needed, first-rate aid and coverage at a cost that meets their budget needs.

Look no further! With over 25 years of combined experience, 3rd Generation Insurance is here to service your need. We offer a few of best choice rates Florida, and our customer service is unmatched. We provide a multitude of options including Allstate, giving you the best product for your dollar. Allstate has an excellent policy that we are very proud to carry. Let us do the heavy lifting so you can enjoy the time on the water without worry. Do ask us questions, we are passionate of what we do and are here to help.

Seek mental freedom and protection for your asset? Reach out to us today for a free quote and let us introduce you to your ideal policy.

Boat Insurance Components

What Is Boat Insurance and How Does It Work?

Have you ever had something go wrong while being out on the boat? Instrument breakdown or a comprise in the boat’s structure may end in getting stranded in your barge.

Regrettably, if you're not ready for such an occurrence, it can bring serious issues financially. With only one instance like this, could cost you a large lump sum.

Because replacing or repairing a boat costs thousands of dollars, boat insurance is commonly used to protect you in such events.

Having a boat insurance policy can shield you from both liability and property loss. If complicated in an accident while sailing, insurance can help to save you financially.

Additionally, insurance can help protect the costs associated with repairing or replacing your boat if it is broken. With protection from theft or vandalism, it operates very similarly to an auto policy. It can even protect common boat contents and boat trailers.

Personal Possessions

The right policy can look after you and your personal property carried on your vessel or supplies not essential to boating as well as boating instruments or electronics like a depth scan fish finder. Talk with an agent about what all can be sheltered under your policy.

Boat Equipment

Boat insurance does not only protect the boat itself, but also, it can help protect important boat equipment. You don’t have to total your vehicle to get paid. Your boat insurance policy can cover equipment such as navigation supplies, life jackets, anchors, other travel appurtenances, and even aftermarket modifications to the boat.

Physical Property Damage

Physical property damage includes such components as your vessel, its engine, and its trailer when being used, launching from dock, or out on the water. It likewise covers $100 of emergency help or services, including wreck removal. Additionally, you could be covered If your instruments are impaired by wind, hail, lightning, fire, or explosion. Theft and vandalism are also protected under the policy. If curious about what your policy carries, talk to your agent.

Uninsured Watercraft

Uninsured watercraft coverage, similar to uninsured motorist, protects you if another sailor causes an accident but they don’t have enough coverage for your expenses. If you are caught up in an accident where the other party doesn’t have the funds or the correct liability coverage to pay for the damages done to you, Uninsured Watercraft coverage makes the difference of costs owed. Uninsured Watercraft does have its limits of what it will and can cover up to. Talk to your agent to find out what your limits are.

Watercraft Liability

A key component of Boat Insurance is liability. Often the most expensive accidents are when you are caught up paying for the other person’s bills. Liability coverage is used in these incidents and often included in your boat policy. Personal watercraft liability coverage helps care for boat owners financially in the event of boat related accidents. If complicated in a mishap, private watercraft insurance can help you pay for damage to a dock or another boat, in addition to medical coverage for an injured customer.

Emergency Services

in case of an crisis or demanding situation, boat insurance can again help to pay for boat expenses. For instance, your policy may cover the expenses of towing your vessel. With towing coverage, the expense of taking your boat back to harbor would be covered. Speak with your agent about what added danger-accompanying services may be covered under your policy.

How Much Does Boat Insurance Cost?

The insurance premium of a boat policy will change by worth or actual cash value (ACV) of the boat in addition to coverage limits you select. While it is not illegal to carry boat coverage and carry the risk associated with damaging your vessel, if you injure someone else with your boat will be liable for there injuries. By far liability is the most expensive scenario to run into to. If you want more information about boat liability it is recommended to talk to an agent. Need a quote? With no obligation, we offer free quotes to all Florida inhabitants.

What Does Florida Boat Insurance Cover?

It’s not easy finding just what we need in the insurance world. If you are a boat owner and had a boat policy for a while, are just learning about all the insurance company selections for the first time, or are just curious about what's possible. You may want to know what all is in a boat insurance policy and what it covers.

Everything, for the most part, is completely contingent on what you carry, value, and insurance record. this page will try to explain the most common questions. However, if you have more questions, it is best to talk to your agent.

Necessary Boat Repairs After A Loss 

To save your property from further loss, we will pay the sensible cost for the essential repairs. This is to prevent the damage from building resulting in higher repair costs. Doing this, does not add to the amount of insurance that covers the property being repaired.

Boat Wreck Removal

Sometimes when removing a damaged vehicle from the water the vehicle can get further damaged. Your current Carrier will pay the sensible cost you obtain for any tried or actual raising of the watercraft. Removal or destruction of the wreck of your watercraft only if these requirements are met:

• Removal or destruction of the wreck is necessary in accordance with the law or governmental power

• The danger causing the loss is covered

Emergency Boat Service

We will pay out up to $100 if you had to implement the emergency service to your boat trailer or watercraft. Emergency boat service features could include:

• Delivering a battery, fuel, oil or change of tire - we do not finance the expense of these articles

• Towing it out of the water if the boat is stranded

• Mechanical labor or repair at the place of its breakdown

• Towing to the nearest shop, dock, service station or additional service point where essential repairs maybe made

• No deductible applies to this coverage

Property and Losses We Do Cover

All loss that follows is covered except specifically excluded. May be fairly expected to result from such acts

• Repairing, renovating, restore or maintenance.

• Fire or explosion happening from any of these is covered, but merely for loss induced by explosion or fire.

• Freezing.

• Treachery of an insured person's laborers.

• Infidelity of any person to whom the property is entrusted or leased.

• Criminal acts of an insured person, if the loss that occurs:

• Is absolutely the intended result of aforementioned acts.

What Does Boat Insurance Not Cover

Since this is heavily dependent on the carrier you will have to talk to your agent for accurate information. If you are curious about what we cover here, give us a call or send an email!

Boat Property and Losses We Do Not Cover

• A latent or physical deficiency. This exclusion applies only to the article bearing the latent or physical blemish

• Wear and tear; hurting; abrasive; gradual decay; hot, absorption or electrolysis; inherent vice; rust; corrosion; mold; damp or dry decay

• Fundamental or electrical or machinelike failure, or overheating

What Boat Qualifications Do I Need for Insurance?

Again, check with your agent for specifics pertaining to your unique positionhat property or liability insurance you need. The requirements necessary for a boat owner and the boat itself can change upon many factors. The following may or may not apply:

Public Driving Record

• No major breaches in the past 5 years

• Number of incidents less than or equal to 2 per operator in past 3 years

• Number of incidents less than or equal to 4 per household in past 3 years

Driving Experience

• No current license suspensions or revocations

• Must have a genuine driver’s license

Boat Qualifications

• Most Boat / PWC and Engine Value is $175,000 - except for Dade and Monroe where the maximum worth is $100,000.

• Most outboard per engine value is $32,000.

• If the distance is less than or equal to 30 feet. Rated horsepower cannot surpass 500.

• Maximum age of all boats and private watercrafts is 35 years.

• Most liability allowed is $500,000.

• If the distance is greater than 30 feet. Rated horsepower cannot surpass 900.

NOTICE: Boats not gathering the requirements might still qualify

Property and Loss We Do Cover

• Newly acquired watercraft.

• The Majority of boats, engines, boat equipment, and boat trailers.

• Except, limited or excluded in the policy you carry physical loss to the property.

Ineligible Boat Types

• Motor driven surf boards accompanying fan propellers.

• Any water sport activity including a device designed for flying, hang-gliding, kite-skiing, Flyboards, para-sailing, and water powered jets.

• Multiple “Supplementary Insureds” on an part.

• Inflatable - Collapsible boats - unless used as a dinghy / tender for larger boats which we protect.

• Boats with a Branded Title - in the way that Salvage, Trash, Total, Flood…

• Boats accompanying a employed captain or crew.

• Motor-Driven Surf Boards - with fan propellers.

• Surplus military.

• Hydroplanes and tunnel hulls - except sailboat catamarans.

• Boats - PWCs accompanying white gas or fuel appliances.

• Submersibles, amphibious vehicles, and hovercraft.

• Houseboats that are non-cruising, live-boarded or converted from other ship types.

• High performance, cigarette hulls and muscle boats.

• Glass base boats, ice boats and ferro concrete boats.

• Boats - PWCs on entrusting.

• Marketing boats, boats for hire, leased boats.

• Boats - PWCs by means of a trade or corporation.

• Boats - PWCs used for racing - except sailboats.

• Any Boat being used as a primary residence.

• Boats/PWCs while renovations or reconditioning.

• Hydrofoils.

• Air boats.

• Homebuilt, kit or course-of-creation boats.

• Unique - Custom boats or Experimental craft.

• Marshland Buggies.

• Water-cycles, wet bikes, and aqua-cycles.

• Shuttlecraft Boats - PWCs accompanying more than 2 owners.

• Engine Only policies.

• Boats with equal to 3 or more simultaneously running motors.

• Watercraft accompanying non-marine converted engines or with after-market products that increase the boat’s standard horsepower or speed.

• Watercraft powered by surface piercing drives - such as Arneson Surface Drives or turbine engines.

• Boats that are presently not seaworthy, containing old power boats where the engines have been permanently detached.

Frequently Asked Boat Insurance Questions

Related Boat Insurance Terms

• Personal possessions

• Boat Inventory

• Medical payments

• Uninsured watercraft insurance

• Comprehensive boat insurance policy

• Actual Cash Value - ACV

• Boat liability insurance

• Watercraft liability coverage

• Physical property damage

• Collision coverage

• Boat breakdown coverage

• Boat and yacht insurance

• Boat towing

• Emergency boat services