Just like your auto policy, boat insurance protects you against a loss to your watercraft or other marine-related damages. In certain cases, the coverage may extend to the cargo or the docking area. There are 3 main types of coverage for boat insurance.
This coverage pays for expenses to an injury to others from an accident you caused. Medical bills, pain and suffering, defense costs and lost wages may all be covered.
This coverage can pay costs from damage to other property from an accident you caused. This could be damage to another boat, dock or other structure.
This covers damage to your own boat and its trailer. There are three ways this can be paid out.
• Actual Cash Value- Which is the market value of your boat and/or its parts. Including motors, portable boating equipment, permanently attached equipment and trailer, if trailer coverage is requested.
• Agreed Value- This amount of coverage is determined when the policy is first written. The amount includes any motors, portable boating equipment, permanently attached equipment and trailer, if trailer coverage is requested.
• Replacement Cost- Your boat will be replaced with the same type of new boat. However, this type of coverage is usually only available for boats less than two years old.
Additional Coverage’s are also available under boat insurance, including coverage for fishing equipment, replacement cost personal effects coverage, and on-water emergency towing and labor coverage.
Contact us today for more information about Boat Insurance or fill out our online quote form.
We have offices in Inverness and Crystal River, FL
151 E Highland Blvd, Suite 171,Inverness, FL 34452
Local: (352) 726-1691
Fax: (352) 726-2363
Crystal River Office
2121 SE U S Highway 19,Crystal River, Fl 34429
Local: ( 352) 795-2697
Fax: (352) 795-0677