3 Reasons Boat Insurance Is a Must Have For Every Boat Owner


Is there anything more relaxing than the warm sun on your face and a cold drink in your hand as you cruise the Gulf of Mexico? There’s also nothing that can put a damper on that perfect day quite like being involved in a boating accident. The scary reality is that many Florida boaters are driving around without boat insurance since it is not required by the state of Florida.

It’s important to understand that by operating a boat without boat insurance, you are putting yourself, your family, and your assets at risk. Practically for the cost of filling up your tank with gas one time, you could pay for a one year long boat policy and enjoy the peace of mind that comes from knowing you are better protected.

Below, we’ll share three reasons boat insurance is a must have for every boat owner:

1. Boat insurance provides liability coverage if you injure someone or damage their property with your boat.
Just like you would be held responsible for injuring someone in an automobile accident, you’d also be held responsible for injuring someone in a boating accident. Additionally, if you were to damage someone else’s property with your boat, you would be held responsible for that. In both of these instances, the liability coverage on your boat policy would pay up to your per person/per accident limit (i.e. $500,000). If you find yourself in such a position without boat insurance, you can imagine how that would drastically affect your life and put your assets at risk.

2. Boat insurance provides medical coverage if you or your family members are injured by uninsured or underinsured boaters.

Boat insurance not only provides liability coverage for others, but it also offers valuable coverage for you and your loved ones. If you or your family are hurt by an uninsured boater, the “Uninsured Watercraft” portion of your policy would pay for the medical expenses, up to the coverage limit. With so many uninsured boaters in Florida, this coverage is a must have.

3. Boat insurance offers valuable coverage for your boat and boat equipment.

Though Liability and Uninsured Watercraft are the two main coverages on a boat policy, you can also benefit from other coverages as well. For example, you can cover your boat for any damages incurred during an accident. Not only can you insure the boat itself, but you can also choose to insure additional boat equipment attached to your watercraft. Without boat insurance, you would have to pay for any damage to your boat and equipment out of pocket, which could be very expensive.
As you can see, the benefits of boat insurance absolutely outweigh the cost. At East & Greenwell, we want to help you benefit from the peace of mind that comes with knowing you and your family are properly protected, whether on the road or on the water. Contact us today for a quote on an auto or watercraft.

You may also check out additional information regarding Allstate Boat Insurance by clicking here .