Watercraft and Boat Insurance in Parkland, FL
Florida‘s extensive coastline and numerous lakes and rivers make it a haven for boaters. Whether you prefer motorboats, sailboats or kayaks, the state provides ample opportunities for water enthusiasts. However, before embarking on your water adventures, it’s wise to safeguard your investment with boat insurance. The Byfield Agency in Parkland, FL is dedicated to guiding you through a range of coverage options and addressing any inquiries or uncertainties you may have during the process.
What Is Boat Insurance?
Boat insurance, also known as watercraft insurance, may provide coverage for boats and personal watercraft against various risks. It typically includes financial protection against damage to the boat itself, liability coverage for third-party bodily injuries or property damage and coverage for medical payments if you or your passengers are injured while using the vessel. Boat insurance policies can vary in terms of coverage options and exclusions, often depending on factors such as the type of watercraft, its value, how and where it is used and the insurance provider.
What Does Boating Insurance Cover?
Boating insurance policies typically offer the following coverage:
- Liability coverage—This may cover other parties’ injuries and property damage for which an insured is at fault.
- Medical payments coverage—This can pay for injuries sustained by you and your passengers, regardless of fault.
- Collision coverage—This can help pay to repair or replace your boat after crashes.
- Comprehensive coverage—This may financially protect against theft, vandalism and other noncollision events, such as severe weather.
- Optional coverages—This can, depending on the insurance provider, include coverage for towing, personal property on board and more.
Note that neither homeowners nor auto insurance should generally be relied on to provide sufficient coverage for boats, often necessitating a separate policy.
Where Can I Get Boat Insurance?
While boat insurance isn’t legally mandatory in Florida, it’s a prudent choice for multiple reasons. Lenders typically require proof of insurance for financed boats and marinas may demand liability coverage to protect against property damage or injury claims.
Explore coverage options, compare quotes and select a policy that suits your requirements with The Byfield Agency. For any inquiries or assistance, please don’t hesitate to contact us today.