What is boat insurance?
What does boat insurance cover?
The amount of coverage can vary depending on the policy you choose. Here are some of the most common coverage options.
Physical Damage
Repairs or replacement for your boat, motor, or trailer from collisions, storms, or theft—on water or land.
Liability
Costs if you injure someone or damage their property while boating.
Medical Payments
Expenses for injuries to you or passengers.
Towing
On-water or roadside assistance for breakdowns.
What Boat Insurance in Florida Typically Doesn’t Cover
- General wear and tear
- Intentional damage
- Routine maintenance and repairs
- Mechanical Breakdowns (Unless Added)
- Damage While Racing or in Commercial Use
- Damage to Uninsured Boaters (Unless Added)
- Personal Belongings (Unless Specified)
Ask the Right Questions to Find the Best Boat Insurance for You
Questions to consider for yourself
- How do I use my boat? Where do I dock or store it? Think about your boating habits—weekend cruises, fishing trips, or long voyages—and where you keep your boat (marina, trailer, or driveway). This helps determine the coverage level you need.
- Who else will be operating my boat? Will family, friends, or renters use it? Their experience and frequency of use can affect your insurance needs.
- Do I need any additional coverage like towing or salvage? Consider extras like on-water towing, fuel spill liability, or salvage costs for your boat’s specific risks.
Questions to ask your agent
Do I qualify for any savings or discounts? Ask about discounts for safe boating courses, bundling with home insurance, or secure storage (e.g., a locked marina).
Are there coverage requirements for boating in Florida? While Florida doesn’t mandate boat insurance, some marinas or lenders do—confirm what’s required for your situation.
What isn’t covered by my boat insurance policy? Understand exclusions like wear and tear, marine life damage, or uninsured boater incidents to avoid surprises.
