What You Need To Know About Boat Insurance Coverage

ID-100386201Owning a speedboat, sailboat or any other sea vessel can be costly and requires up keep, but well worth it when you have the wind and sea all around you on a beautiful day.

If you choose to own and operate a speedboat, sailboat, yacht or personal watercraft without insurance you may run into some marinas and yacht clubs who won’t let you dock your craft unless you have insurance coverage. If you keep your boat on your own property, a homeowner’s insurance policy may have some coverage for your watercraft but it can be very minimal. A typical homeowners policy may pay up to $1,000 or $1500 to repair damage to your boat.

Often, during winter or stormy weather, owners must leave boats docked in the water. It is difficult sometimes to leave behind something that is so valuable, especially a sail boat that can cost up to several hundred thousand dollars. Standard policies for boats can cover damage to the craft, including damage caused by fire, lightning, theft, vandalism, collisions, and windstorms, the cost of repair and medical needs

Some policies also provide coverage for injuries caused by uninsured boaters or by boaters who don’t have enough insurance. If this sounds like uninsured motorist coverage in an auto insurance policy, it basically serves the same purpose.

It is very crucial to understand what the policies provide in order to choose the best and most appropriate coverage. Owners need to be sure and get all terms and requirements upfront before applying.

Have questions? Contact us today.



Photo Courtesy of nitinut. at FreeDigitalPhotos.net


Florida Boating Safety Tips

Fishing is abundant in Florida lakes and rivers including Lake Kississmee, St. Johns River and Lake Manatee. You can find Bass, Catfish, Stripers and more. Even while fishing in lakes or rivers, it’s important to take precautions against injury, drowning, capsizing, fire etc. Some lakes are ocean level, but even if not, there are risks associated with boating.

Maintaining your boat’s safety equipment is key. Boating laws in Florida differ depending on the size of the boat, you should always keep the following on hand for safety equipment boats:

  • PDF (Personal Flotation Device) Every boat must carry PDF’s and every child under the age of 6 must wear a PDF while underway in boats under 26 feet.
  • Fire Extinguisher
  • Visual Distress Signal
  • Sound Producing Device
  • Backfire Flame Control
  • Ventilation
  • Anchor and Anchor Line

A de-watering device, such as a bilge pump in the event of flooding and a bucket for bailing should the bilge pump fail. Additionally, an oar, paddle or other alternative means of propulsion in case your engine fails according to the Florida Fish and Wildlife Conservation Commission.

Take a boater safety education class. This will provide you with the information you need to be a safe boater and can reduce the cost of your boat insurance. Follow simple safety rules such as no drinking and boating, filing a boat plan, maintaining the speed limits and preparing by checking the weather before going out on your boat.

Learn about the lakes and rivers close to you. Turn your boating time into a vacation and travel to a new boating spot. Stay a few days and spend more time fishing and getting to know the area by boat. Remember there’s also tubing, sun bathing and water skiing. Your friends will love you when you invite them along for a day on your boat for fun, relaxation, and a change of scenery.

Keep in mind that boat insurance will cover your boat, it’s equipment, emergency service and injuries. You’ll love being called “captain” when you know that you’re covered in case of an accident, storm, or loss.

Have Questions?

Call us today to get your questions answered.


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Ashley Bishop Owner/Agent

Budget Bi Rite Insurance, Inc

Serving All of Florida