4.9 / 5.0

Based on 5,000+ Customers

Shop & Save Instantly On Florida Boat Insurance

4.9 / 5.0

Based on 5,000+ Customers

Shop & Save Instantly On Florida Boat Insurance

Name: Florida Boat Insurance
Brand: Worth Insurance
Rating: 5.0 (138 reviews)

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Florida's Leading Boat Insurance Providers

Shopping For Florida Boat Insurance Made Easy!

Say Hello to a Better Boat Insurance Shopping Experience

Apply

Provide information about the property you want to insure. We’ll assign you a licensed professional to personally review your boat.

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We’ll scour the market for the best quotes and provide you with a variety of options to choose from.

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Our team will help you select the best option for your needs.

Why Florida Boat Owners Love Worth

Since 2018, we've strived to be the leading online digital insurance marketplace.

Helped me out with whatever questions I had.

raquel e.

Verified Customer

Lillian was amazing very knowledgeable, helped me out with whatever questions I had and educated me on policy coverages. So helpful I will deff recommend any and all my friends to her. Thank you!

Found me a great price on my boat insurance.

Daniel G.

Verified Customer

Matt was very helpful and found me a great price on my boat insurance.

For anyone looking for boat insurance, please see Lillian Marin!

Marisol M.

Verified Customer

Lillian is thoughtful, helpful and insightful, explained the whole process. For anyone looking for a home quote and/or boat insurance, please see Lillian Marin! Thank you.

She was very responsive, and quickly helped me find a good quote.

Jenny L.

Verified Customer

Lillian M was the one who help me get my insurance. She was very responsive, and quickly helped me find a good quote. Thanks,

Helpful with questions and overall great to work with!

Holly H.

Verified Customer

They were quick in their responses, helpful with questions and overall great to work with! Lillian was awesome!

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5/5

Understanding Boat Insurance in Florida

Boat insurance safeguards Florida boat owners’ significant investments and provides financial security against various potential incidents. The waters of Florida, while beautiful, can be unpredictable. From hurricanes to accidental collisions, the risks are numerous. Knowing the different coverage options helps protect your boat and finances.

Typically, boat insurance coverage includes protection against physical damage, collision, sinking, vandalism, liability losses, bodily injury, and even death. Leading providers like SkiSafe offer extensive coverage tailored to the owner’s specific needs. Additionally, independent agencies such as Peoples First Insurance can assist boat owners in navigating the complex insurance landscape, ensuring they get the best possible deal.

Without separate boat insurance, you might be underinsured, facing high out-of-pocket costs after an accident. Many mistakenly believe home or auto insurance adequately covers boats. In reality, the specialized nature of boat insurance required offers more comprehensive protection, tailored specifically to the unique risks associated with boating.

What Does Boat Insurance Cover?

Boat insurance in Florida is designed to protect against unforeseen perils both at sea and dockside. Given the high costs and myriad risks involved in boating, having proper coverage is a smart choice for any boat owner. The typical boat insurance policy covers a range of risks, ensuring that you’re protected no matter where you are.

The primary areas of coverage include physical damage, liability, and comprehensive coverage. Each of these plays a crucial role in safeguarding your investment and providing peace of mind. Let’s delve deeper into what each type of coverage entails.

Physical Damage Coverage

Physical damage coverage is a cornerstone of any boat insurance policy. This coverage protects your boat from various types of damage, including damage to the hull, sails, machinery, furnishings, and other onboard equipment. Whether it’s a collision at sea or damage while docked, this coverage ensures that your boat is protected.

Moreover, physical damage coverage extends to scenarios where the boat is being towed or even when it’s out of the water. This comprehensive protection means that boat owners can have peace of mind knowing their investment is safeguarded against a wide range of potential damages.

Liability Coverage

Liability coverage is essential for protecting against property damage and bodily injury caused by your boat. This includes medical coverage for injuries or death caused by your boat to others, as well as injuries aboard your own vessel. Given the high costs associated with medical and liability claims, having this coverage is crucial.

Additionally, liability coverage is effective when the boat is in the water, providing protection during both recreational and operational use. This ensures that boat owners are covered against a wide range of potential incidents.

Comprehensive Coverage

Comprehensive coverage is a critical component of boat insurance, offering extensive protection against non-collision incidents. This includes protection against boat insurance cover theft, vandalism, and damages from natural disasters such as hurricanes. Having comprehensive coverage ensures that boat owners are protected from a variety of unforeseen risks.

The peace of mind that comes with comprehensive coverage is invaluable. By covering a wide range of potential hazards, this type of coverage allows boat owners to enjoy their time on the water without constant worry.

Why Worth Insurance?

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Our agents give you personalized attention and have access to the best savings, discounts, and quotes available. You always get the coverage you need for your boat at the lowest possible rate.

Let Worth Insurance take care of your boat insurance needs – and lock in your savings and discounts today. Take a look at some of the ways we can help you save:

Multi-policy

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Large accident forgiveness

Get the Best Boat Insurance Coverage Hassle-Free with Worth Insurance

Quick & Easy
Application Process

No more spending hours browsing through quotes on comparison websites or filling out lengthy forms. With Worth Insurance, you can apply in under 60 seconds and let our agents handle the rest.

Save Money & Worry Less
about Costs

Our agents will find you competitive rates and discounts so that you can enjoy comprehensive coverage without breaking the bank.

Stay Ahead of Unexpected Disasters or Losses

Our modern technology enables us to move faster than other agencies, ensuring that we secure tailored coverage options for you as soon as possible. So you don't have to worry about facing unexpected disasters or losses.

We Make Shopping for Boat
Insurance Simple & Stress-Free

Enjoy Peace of Mind

We take the stress out of shopping for boat insurance. We make it easy to shop and save, so you don't have to worry.

Quality Coverage

Protecting your boat is our top priority, and we guarantee quality coverage from only the best-rated carriers on the market.

Save Time and Money

Our technology allows us to move quickly, so you don't have to wait months to get the necessary coverage. Our simple process makes getting the insurance you need easier than ever.

Get Help From A Licensed Professional

Our experienced team will help you navigate the market and get the best rates for your needs.

Easy Process

Apply in under 60 seconds, and let us take the stress out of comparing options and locking in your rate.

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Factors Influencing Boat Insurance Costs

Several factors influence the cost of boat insurance, making it essential for boat owners to understand what drives their premiums. In Florida, where larger and more expensive boats are common, insurance costs tend to be higher due to increased usage and higher accident risks. Key factors include the boat’s specifications, the owner’s experience, and how the boat is used and stored.

Understanding these factors can help boat owners make informed decisions and potentially reduce their insurance costs. Let’s explore each of these factors in more detail.

Boat Specifications

The size and type of watercraft directly influence insurance premiums. Larger and more luxurious boats, such as yachts, require greater coverage, leading to higher costs. Details like the length, model, and make of the boat also play a critical role in determining insurance premiums.

Newer boats often incur higher insurance costs due to their increased value and the higher expenses associated with replacement. These factors make it crucial for boat owners to consider the boat insurance cost and the specifications of their vessel when shopping for insurance.

Owner's Experience

An owner’s boating experience can significantly impact insurance premiums. Experienced boat operators are generally seen as lower risk, leading to lower insurance costs. Insurers often offer discounts to those with a proven track record of safe boating practices.

Completing a certified boating safety course can reduce insurance rates by demonstrating lower risk. This makes it beneficial for boat owners to invest in their boating education and experience.

Usage and Storage

The frequency and nature of boat usage, as well as where it is stored, have a direct influence on insurance rates. Boats that are used regularly or stored outdoors typically face higher premiums due to the increased risk of damage and theft.

Storing boats in secure locations and limiting usage during high-risk periods can help lower insurance costs. This strategic approach can help manage insurance expenses effectively.

Frequently Asked Questions

We get it. Boat insurance is complicated. We're here to help clear things up.

What is boat insurance?

Boat insurance financially protects you from injuries or damages caused to you or others while boating.

Am I required to have boat insurance?

Most states don't require boat owners to purchase boat insurance. If the boat is financed, the lender might require the owner to carry coverage. Additionally, if the boat is kept in a marina or storage facility, the facility might require insurance on the watercraft.

Does homeowners insurance cover boats in storage?

Boats in storage may not be covered by homeowners insurance. However, if your homeowner's policy does cover your boat in storage, the Insurance Information Institute says that likely only boats such as canoes, small boats, and small sailboats will be covered. It goes on to say that the coverage would be minimal.

What does boat insurance cover?

Boat insurance will cover damage to the hull, furnishing, motor, sails, trailer and much more. If you cause an accident, your boat insurance will cover the damage you caused, injuries/death of another person, and damage to another's boat.

Do I need boat insurance during the off season?

It is a good idea to have insurance during the off-season, hazards such as fire and theft may happen at any time. If you do not have boat insurance, you may have to pay to repair or replace your boat if stolen or damaged.

Is a boat covered under homeowners insurance?

Unfortunately boats are not covered under home insurance policies. A boat needs a separate insurance policy given its value and risk exposures.

How does boat insurance work?

Boat insurance is the promise to pay in the event of a covered loss. If you damage your boat or cause injuries or damages to another person, insurance is there to pay for the losses as long as they are covered in the policy.

Do I need to insure my boat in storage?

It is not a bad idea to keep your boat insured. Theft, damage, and various other types of hazards will be covered by your boat insurance while your boat is stored. In addition, when you are ready to put your boat back in the water, you will not have to think about reactivating your policy.

How much does boat insurance cost?

On average you can expect your boat insurance to cost $200-$500 every year. However, if you own a big boat (like yacht or sailboat), the boat insurance can cost between 1-5% of boat's value.

How does boat insurance work?

Boat insurance works the same as car insurance. If you cause damage to another boat or your own, you can file a claim with your insurer, requesting they pay for the damages. If the event is covered, all losses or injuries will be paid by your insurer up to coverage limits.

Do I need insurance on my boat trailer?

No state requires insurance for your boat trailer. However, if you have an accident with your boat trailer involved, it is possible you could be liable for damages.

What should I think about when buying boat insurance?

A few things to think about: How often do you take people out on your boat? Are there any special features on your boat (you might need extra protection)? Where are you going to use your boat? Before buying boat insurance, it would be smart to talk to an insurance representative.

Is boat insurance required in Florida?

Boat insurance is not required in Florida, but it is highly recommended to safeguard against potential risks and financial liabilities.

What types of boats can be insured in Florida?

You can insure a variety of boats in Florida, including pontoons, yachts, sailboats, jet skis, ski boats, and center console boats, each with specific insurance requirements tailored to their use. It's essential to understand the unique needs of your boat type for adequate coverage.

How can I reduce my boat insurance premiums?

To reduce your boat insurance premiums, consider paying your policy in full upfront, bundling it with other insurance policies, equipping your boat with safety gear, and completing certified boating safety courses. Implementing these strategies can lead to significant savings on your insurance costs.

What does comprehensive boat insurance cover?

Comprehensive boat insurance covers theft, vandalism, and damages from non-collision incidents like hurricanes. This extensive protection offers peace of mind for boat owners.

How can I get a boat insurance quote?

To get a boat insurance quote, visit insurance company websites where you can request personalized coverage options and receive free, no-obligation quotes. This will help you compare different coverage and pricing effectively.