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.
