The highest concentration of boaters in the U.S. is in Florida. This is not surprising because there are many lakes and rivers and is easy access to the Atlantic Ocean and the Gulf. If you are one of the lucky owners of a boat or watercraft in the Sunshine State, you probably know how important boat/watercraft insurance is. It protects your precious possession and yourself and gives you peace of mind. If you are currently shopping for this type of insurance, Nest Insurance Services has prepared a list of things you should know:
- Boat/watercraft insurance is not mandatory in Florida, which means that you can legally operate a vessel without it. However, if you received a loan using your boat/watercraft as collateral, your lender may require you to have insurance that will cover damages to the boat.
- Some homeowner's insurance policies may have boat/watercraft coverage, but it is usually quite limited. Therefore, it is recommended to purchase a separate policy that will cover your vessel.
- A standard boat insurance policy provides the following coverage: damages to your boat/watercraft or your personal property; liability coverage in case of damages to others; medical costs coverage in case you or a visitor get any injuries; coverage of uninsured boat owners in case you got injured on your boat or your boat is damaged by another boat/watercraft that was not insured; towing coverage in case your vessel is stranded and needs to be towed to a port.
Boat/watercraft insurance is not required in Florida, but it is definitely what you need to feel safe on the water and enjoy boating. If you are currently looking for a trustworthy insurance agency in the Sunshine State to purchase a boat insurance policy, Nest Insurance Services is a perfect option. Our qualified and experienced agents are ready to answer all your questions and find a policy based on your budget and insurance needs. Just visit our website or give us a call for more information.