Boat/Watercraft Insurance
If you own a boat and live in Florida, consider protecting your investment with boat insurance. This enables you to enjoy being on the water even more when you don’t have to worry about the safety of yourself, your passengers, or your boat. We offer boat insurance here at Mangar Insurance LLC and have policies that meet your needs.
Boat/Watercraft Insurance Requirements
Boat insurance is not legally required in Florida. However, it is highly recommended that you obtain it. Additionally, you will find that boat insurance may be required to finance or lease your boat. Furthermore, boat insurance can also be required by certain marinas.
Boat/Watercraft Insurance Coverage
Here are several different coverage options offered to you if you own a boat:
- Liability- This provides coverage to others if you are found at fault for an accident while on the water. This will cover your repair or replacement expenses for the other boater in addition to lost wages and costs.
- Medical payments- This will cover the costs of medical care following a boating accident for you and your passengers, no matter who is at fault.
- Physical damage coverage- This will cover the expenses of repairing or replacing your boat or watercraft, its motor, or any permanently attached equipment
- Uninsured/underinsured- Since boat insurance is not always required, many boat owners opt out of insurance. However, if you are hit by an underinsured or uninsured boater and suffer injuries, this coverage will pay for your lost wages and medical expenses.
- Fuel spill liability- If your boat is seriously damaged or sinks, there is a high possibility that it could leak fuel or oil into the water. You would be legally required to have this cleaned up.
Quotes
If you own a boat in Florida and need a quote for boat insurance, call us at Mangar Insurance LLC today.
