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Boat Insurance -reducing liability along Florida’s waterways.

Boat Insurance Ft Lauderdale FL-

With endless coastline covering hundreds of miles along with proximity to the Caribbean, Boating is an integral part of living in Florida. There are 15 varieties of boat insurance, including powerboat, sailboat, houseboat, bass boat, wooden boat, fishing boat, pontoon boat and so on, each with its own price structure and set of features. Boat insurance covers the damage and/or loss of different types of watercraft. Most boat insurance policies, however, don’t provide additional coverage for watercraft that aren’t motorized, which can include canoes and kayaks.

Boat Insurance protection, enjoy the pristine waters of Florida’s Cost line

The similarity with home insurance, is that a boat policy covers you for liability if someone is injured on your craft and gives you the choice between replacement cost or cash value in a total loss.

Also like auto insurance, boat coverage typically includes coverage for bodily injury that your boat inflicts on others, property damage your boat inflicts on docks and other boats, and physical damage to your boat should you hit something or run aground. You can also purchase comprehensive coverage against theft, vandalism, fire and flood, personal property coverage for your fishing gear, uninsured boater insurance and even roadside assistance in the event you need a tow.

To help boaters save money on insuring older vessels, insurers offer the option of “agreed value” (think sticker price) versus “market value” (think depreciation) in the case of a total loss.

With agreed value, the insured and insurer agree on the value of the boat upfront. If something happens to the boat, you’re going to get paid up to the agreed value.Boat insurance

With market value, the boat depreciates; so if the boat is destroyed, you’re going to get enough money to replace the boat’s (current) value
When the boat is attached to your car or truck, you are covered by your auto policy should you back into somebody. Anytime you’re trailering something, the car policy overrides.

Yacht Insurance Policy 

A yacht policy will not pay for loss of life, bodily injury or property damage that occurs when the insured property is being transported on land. Your homeowners insurance may provide limited coverage if the boat is damaged while parked on your property, but it may not stretch to cover stolen contents or vandalism.

Be sure your policy provides coverage where you want to roam. It may exclude certain areas for political or security reasons. Some policies offer an optional endorsement that helps pay to move your boat out of harm’s way when a named storm approaches.

There are several discounts that are available to boat owners. Many boat insurance underwriters offer policy discounts for gadgets that protect their investment, such as wireless auto tethers that act as an engine kill switch should the skipper or any of the passengers fall overboard. The completion of safety courses is a great way to increase the boaters knowledge and also to get a discount. With the extension of the lay-up period insurers are willing to cut your premium during those days or months when you’re not using your boat.

We at County Insurance Group are confident that your boating needs will be adequately placed with the best carrier. Get A Quote -Boat Insurance