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12750 SW 128 ST Suite 210
Miami, FL 33186

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Why Do You Need Boat Insurance?

While few states require boat insurance, this does not mean that protecting your boat is a bad idea. If you live in Miami, FL, you are not necessarily required to have insurance when you use your boat. Regardless, you are smart to think about buying a policy anyway.

Prestige Insurance Group understands that boat insurance policies can be confusing. Here’s why you should consider taking on a policy.

Homeowner’s Insurance May Not Cover Everything

You may already know that homeowner’s insurance often covers personal property, including sea vessels. What you may not know is that your homeowner’s insurance has a specific cost associated with what it will cover. The full value of your boat may not be covered by a homeowner’s insurance policy.

Boat Insurance Includes Property Damage Liability

When you operate a boat, events can become unpredictable quickly. Property damage liability covers damage a boat causes to another property. This coverage is beneficial for vessels that accidentally spill fuel as well.

Boat Insurance May Come With On-Water Assistance

Many people do not realize that boats also benefit from an on-water assistance package, much like roadside assistance. This can include towing to repair facilities and assistance for disabled vessels.

Boat Insurance Includes Collision Damage

You can choose a boat insurance plan that covers collision damage, which happens when your vessel is damaged in an accident. Collision damage can result from your boat hitting another boat or structure while in use.

Boat Insurance Includes Bodily Injury

Nobody expects to get hurt on a boat, but accidents do happen. Bodily injury liability coverage typically pertains to injuries involved in an accident.

Need Boat Insurance?

Are you considering boat insurance? Prestige Insurance Group, which serves Miami, FL, can help you through the process of choosing the right insurance for your vessel and activities. Contact us or visit our website today for more information.

What does boat insurance cover

Miami offers abundant opportunities to get out with your boat and enjoy the water. The weather is ideal, and the options are practically endless. Whether you want to enjoy saltwater on Biscayne Bay or the Atlantic Ocean or freshwater in one of Miami-Dade County’s 47 lakes, you have ample opportunity to use your boat. Whether motorized or sail, you will never be at a loss unless you don’t have boat insurance. At Prestige Insurance Group in Miami, FL, our team has over 10 years of experience meeting our customer’s needs.

Liability coverage

Of course, you hope that nothing bad will ever happen when you are out enjoying your boat, but if something does happen, it is important that you have enough liability insurance to protect your assets. If you cause an accident where someone is injured or dies, the resulting expenses could be very high. You would be responsible for medical expenses and any judgment against you. This insurance would also repair or replace someone else’s boat or dock that you damage. Having enough liability coverage is vital. 

Collision damage

If you have an accident and are at fault or hit something like a submerged rock, you need to take care of the repairs to your boat yourself. This can be very expensive, depending on the extent of the damage. Collision coverage comes with a deductible, and you decide when you choose your policy the deductible, you are comfortable with. 


Comprehensive coverage protects your boat from other types of damage. It covers things like strong winds, fire, hail, vandalism, and theft. Things over which you have no control. 


If you have special equipment in your boat, whether for fishing or navigation, this needs to be covered separately. 

Many hazards are lurking in the waters, and you need to be protected against them. At Prestige Insurance Group in Miami, FL, we will help you make sure you have the right coverage for your boat. Give us a call or stop by our office for a free quote. 

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