Make your time on the water more hassle-free and relaxing by having your Florida Boat and Watercraft Insurance. There are a few coverage options that give security to you, your family members, friends, your watercraft or your boat. A standard boat can be insured for less than $1 dollar a day, so your peace of mind remains as you enjoy being on the water. It takes away the amount of worries you might have for yourself and for the people on board your watercraft or boat.
The coverage for Florida Boat and Watercraft Insurance will determine the amount of claims to match your specific needs.
Here are some options you might want to know when shopping for Florida Boat and Watercraft Insurance policy:
Navigation area. It helps you know the right place to get covered in water. There are insurance providers that give protection to people — covering them up to 75 miles from US coastlines to Canadian coastlines, including Mexico’s Pacific coastline waters. In Florida, Oregon and California, the coverage for additional water areas can be bought.
Agreed value coverage. Similar to vehicles, watercrafts also depreciate. Policies on actual cash value can be hard for a boat to be replaced if it is damaged or stolen. It means that if a boat becomes a complete loss, the value insured for the boat can be received, taking away other deductibles.
Liability. Similar to car insurance, personal liability coverage gives protection to other boat owners and boaters if they are the ones at fault in a water accident. The coverage is going to pay the replacement or repair of the property owned by another person, including loss of wages, medical care and other incurred costs. It’s a protection that covers boating accident if you’re the one at fault.
Medical payments. This kind of coverage pays the cost of desired care as a result of a boat accident. Coverage is accessible starting from $500 to $10,000. No matter who is at fault, it covers you, your water tubers/skiers and your passengers.
Physical damage coverage. This coverage pays back the cost of replacement or repair of your watercraft. It also includes its motor, attached equipment, as well as the trailer if they get destroyed or stolen.
Underinsured or uninsured watercraft body injury. While boat insurance may not be mandatory, most of boat owners decide not to get covered. But when you are hit by a boater who is underinsured or uninsured and you got body injury, this insurance will pay for the lost wages, medical treatment, plus other expenses caused by the accident.
Fuel Spill Liability & Removal of Wreckage. In the event that your boat sinks or is seriously destroyed, it is likely to leak fuel or oil on the water. If you’re the boat owner, you’re supposed to clean this up as required by the government law. On your end, the task can be expensive and time-consuming.
Personal effects. Your boat insurance policy has coverage for various personal effects such as clothes, cell phones, jewelry, including fishing equipment and snorkelling/scuba sporting equipment. Limitations may vary depending on the state. So check it out what is required in the estate of Florida.
Unattached equipment coverage. It’s your coverage that pays the replacement or repair of equipment not attached permanently to your personal watercraft or boat, but intended to be used mainly on the boat. It consists of items like water skis, fire extinguishers, oars, anchors, tarps and other similar items.
Emergency Assistance. This is a package that gives good coverage for labor & gas delivery, towing, oil or loaned battery when watercraft gets immobilized while being used on water.
To learn more about the required Florida Boat and Watercraft Insurance, please contact us at DMG Insurance and Financial Services, Inc. (http://www.dmginsurance.com) at 543 N state Road 7, STE 106, Royal Palm Beach EL, 33411, phone 561 422 7071, Fax 561 422 7072.