4 Things You May Not Know About Your Florida Boat Insurance

4 Things You May Not Know About Your Florida
Boat Insurance

boat insurance florida - florida boat insurance - BIA & Company

The state of Florida has more registered pleasure crafts than any other state in the country. And it's no wonder when you look at the spectacular coast line and all it has to offer boaters. From Fort Lauderdale to The Palm Beaches or Miami to Key West, the sunshine state is perfect for taking a relaxing cruise, enjoying an exciting day of fishing or just strolling on the Intracoastal Waterway.

While boat insurance in Florida is not mandatory, it is if you owe money on a loan. And unless you plan on paying for your boat outright, you will most likely be carrying insurance. Here are 4 things you may not know about your insurance that might surprise you. Taking a few minutes to review this information will help you make an informed decision and ensure you get the coverage you think you're getting when you need it most.

Your Florida Boat Insurance Policy May Not Apply When Your Boat is Out of Water
Sometimes folks get a great rate on boat insurance because they opt for a policy where the boat is not covered during certain times of the year. For smaller vessels that get stored during the winter months, it may make sense to opt for this type of policy. If you're not sure of the dates or if your policy has a layover period, make sure to check. That gorgeous day in November when you decide to take the boat out for a leisurely cruise may be the day you have an accident- and you may not be covered. If you store your own smaller boat and tow it behind your vehicle, it's generally covered by your auto insurance.

There May Be Navigational Restrictions On Your Policy
Most Florida boat insurance policies contain a navigational restriction, or navigational warranty that restricts coverage to a specific area. Typical policies provide coverage for inland waters of the U.S. and Canada or for smaller boats, the coastal waters. When traveling outside these general areas, it's best to check with your Florida boat insurance provider to make certain you're covered.

Your Homeowner's Plan Will Most Likely Not Be Sufficient to Cover Your Boat
Most people don't realize that the typical homeowner's policy is not enough to cover even the smallest recreational boat. For those policies that do offer coverage, it's generally limited to boats with no engine or very small engines. It may be tempting to go with a household name for additional coverage, but if you spend more than $10,000 on your boat, you will not be getting sufficient coverage.

All Florida Boat Insurance Companies Are Not the Same
Finally, there's a huge disparity between boat insurance companies. And it's not surprising given the amount of boaters in the area and the volume of people looking to insure their vessels. Look for licensed, experienced providers who have earned the trust of the local community. Remember, cost is only one factor in deciding which company to choose. Dependability and a solid reputation go a long way in keeping you safe and protected. From coast to coast in Florida, B.I.A. & Company has earned a reputation as a major provider who offers dependability and peace of mind at a price you can afford.

Chances are, if you own a boat in the state of Florida, you carry boat insurance. Insurance is an easy and convenient way to protect your investment, while providing security and peace of mind that your best boating days are ahead.

If you're looking for Yacht Insurance, Boat Insurance Florida or Boat insurance in Miami, Ft Lauderdale, Homestead, The Florida Keys, Key Largo, Coral Springs, Jupiter, St. Augustine, Kendall, South Miami, Coral Gables, West Palm Beach, Hollywood FL, Naples, Ft. Myers, Fort Pierce, Sarasota, St. Pete, Clearwater, Tampa, Cocoa Beach, Jacksonville, Orlando, Daytona Beach or Palm Coast, then contact BIA & Company for a free Yacht Insurance or Boat Insurance quote today! BIA & Company offers the best rates on Boat Insurance and Yacht Insurance in Miami, Ft Lauderdale, Homestead, The Florida Keys, Key Largo, Coral Springs, Jupiter, St. Augustine, Kendall, South Miami, Coral Gables, West Palm Beach, Hollywood FL, Naples, Ft. Myers, Fort Pierce, Sarasota, St. Pete, Clearwater, Tampa, Cocoa Beach, Jacksonville, Orlando, Daytona Beach and Palm Coast.

Call Now! 877-597-6371