Congratulations! You’ve finally saved yourself enough money to make that dream purchase: your very own boat. But before you get out on the high seas and start enjoying yourself, it’s important that you ensure that you protect yourself. And the best way to do that is to purchase Florida boat insurance. Because, no matter if your boat is out in the middle of a lake or packed up and stowed away for the winter, bad things can happen, and you want to be sure that your investment is protected for years to come.
Now there are lots of different things that can happen to a boat, and there are different types of insurance to match those different eventualities. Collision insurance protects you in the case of a collision, be it with another boat or a manmade or natural structure. This article states that uninsured boater insurance in FL helps cover damages if there’s a boat-on-boat collision and the guy in the other boat doesn’t have the insurance to cover it. Property insurance in FL can be purchased to cover your equipment, including fishing gear, oars, fuels tanks, tools, and dinghies, both while it’s on the boat and while it’s being loaded on and off. And comprehensive insurance in FL keeps you safe in a variety of situations: vandalism, theft, capsizing, explosions, natural disasters, and more.
You’ll notice that not all the eventualities described above happen only while the boat is on the water. Some buyers, believing themselves to be savvy customers will only buy insurance for the seasons when their boat is on the Florida waters. This is discouraged, for a couple of reasons. First off, insurance rates are determined partially by the number of consecutive months without a claim. Because you’re using the boat less during the winter, you’re likely to rack up months and months’ worth of clean safety record. That can translate into major savings on your Florida insurance rate and deductible down the line.
In addition, simply put, bad things can still happen while your boat is in dry-dock, especially the eventualities covered by comprehensive insurances and liability insurance. After all, if you’re boat is sitting up on treads somewhere, someone could still climb aboard and slip. Fires, floods, and vandalism can all happen in dry-dock as well. In fact, it’s estimated that one in five boat insurance claims come from situations that happen during the off-season.
Different insurance companies in Florida offer different plans for boat insurance for different boats. For example, if your boat is 27 feet or longer, it falls under Florida yacht insurance, which has a whole different set of rules and policies than small craft insurance. Because of all these complications, it’s recommended that you get a Florida insurance broker to help you find a plan. A general insurance broker should do the job for simple claims (and small boats), but as your insurance needs increase, and your boat gets larger, it becomes a better and better idea to go to a Florida boat insurance specialist like https://floridainsurancequotes.net/boat-insurance-quote/. Especially if you live in a coastal town, these should be easy to find.