What Your Agent Should Tell You About Boat Insurance Florida

What Your Agent Should Tell You About Boat Insurance Florida

For most Floridians, boating and marine related activities are about as common as mowing a lawn or riding a bike. And while it seems everyone has a boat, there are still some very real responsibilities that go along with the fun in the sun. Whether you own a boat already or are considering purchasing one, take some time to understand a little about protecting your investment.

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While boat insurance is not a requirement, it is a wise decision and something every boat owner from Tampa over to the Florida Keys and up to Orlando should consider. Read a little about what your agent should tell you about boat insurance and make an informed decision when and if you need to purchase it.

Homeowner's Insurance May Not Be Sufficient
Unfortunately, while it may be more convenient, your homeowner's policy will most likely not stretch enough to adequately cover your boat. In most cases, you can add your boat to your existing coverage, but most policies have minimal coverage at best- and for small boats at that. In fact, some homeowner's policies actually limit the coverage to a specific size boat- often less than 25 feet. If you're considering purchasing a larger boat or a boat with considerable motors or electrical equipment, you will need to seek out and research quality boat insurance. Besides, boats are exposed to unique risks, and therefore should have their own unique policy for the best protection.

Pay Attention to Excluded Coverage
No one likes to find out after the fact- they were uninsured when they were sure they were adequately protected. Damage from certain types of accidents may not be covered. In addition, make certain you find out the exact timeframe of coverage and if there is an interruption while your boat is presumably out of the water. During the off season, when you decide to take the boat out on an unusually warm fall day, you may not be covered.

How about towing, lifting or hauling your boat out of the water? Does your Jupiter boat insurance protect you in the event the lift malfunctions and your boat sustains hull damage? In most cases, if you trailer your boat, when it is out of the water, it's covered by your car policy. But most car insurance is not adequate. Finding the answers to these questions could mean the difference between a good policy and one that leaves you crippled financially.

Hurricane Damage Limits?
Anyone even remotely familiar with the Florida weather understands the importance of securing extra coverage for hurricane haulouts or wind damage. Look carefully at your St. Augustine boat insurance policy- doe sit exclude damage sustained from wind? These are important exclusions to consider and a very real part of storing your boat in the state. In addition, if your Miami boat insurance policy does contain coverage for perils like hurricanes, is there a maximum? Does it require you to haul your boat and are you reimbursed for haul outs?

There are countless things you may want to ask your agent when considering purchasing boat insurance. From discounts to traveling outside the state, make certain your questions are addressed and answered to your satisfaction. Read any policy carefully and don't be afraid to say no if you don't see what you're looking for. Remember, your boat is your investment- you deserve to feel confident it's protected by the best.

If you're looking for 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 Boat Insurance quote today! BIA & Company offers the best rates on 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.

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