Boat/Watercraft Insurance in Florida
When you own a boat or some other watercraft, West Palm Beach, FL offers plenty of waterways to enjoy yourself. Anything can happen on the water (or off), though. At Atlantis Insurance Inc, we’ll show you how boat/watercraft insurance can protect your investment.
Is boat insurance required?
Although boat insurance is not required in Florida, there are boating regulations that you must follow. This includes registering your boat or other watercraft with the state. There are also boating safety courses that you can take for added protection.
Even though the state doesn’t require the insurance, the lienholder of your watercraft loan might. If you have not paid for your boat in full, the bank may require that you have insurance. It ensures that their investment is protected until you pay the boat off in full.
Further, it’s a good idea to have insurance in place even when you own the boat outright so that you are protected against anything that might happen.
How can watercraft insurance offer financial protection?
When you’re enjoying your boat or other watercraft in West Palm Beach, FL, anything can happen. The right insurance policy can protect in a number of different scenarios:
- Damage during drydock
- Accidents with another boat
- Accidents with a person on board
- Theft
You don’t know what can happen, and, therefore, you want to protect against it all. It’s easier to file a claim with the insurance company and pay the deductible than to be financially responsible for everything – including boating repairs, medical bills, and anything else caused by an accident. Spending time on the water should be carefree. If you have an insurance policy in place, it allows you to have fun without worrying about a financial downfall if something were to happen.
Learn how to protect your boat or other watercraft in Florida by calling us at Atlantis Insurance Inc. One of our agents can help you to build a custom policy that you can count on.
