Watercraft & Boat Insurance in Boynton Beach & Stuart, FL

With the beautiful blue waters of the Atlantic Ocean only feet away, Stuart’s marine enthusiasts and nautical navigators are well-positioned to enjoy exciting opportunities with their boats and watercraft. However, even the most experienced boaters must account for various dangers and concerns, as accidents on the water and other incidents involving your vessel might invoke expensive financial consequences. Understanding your insurance needs is critical.

What Is Boat Insurance?

Boat insurance can offer tailored coverage for you and your vessel, potentially absorbing financial losses and expenses that would otherwise need to be paid out of pocket. Without boat insurance, you might face catastrophic costs that might bleed over into affecting other assets, such as your home and savings. Additionally, you might lack the resources to repair your boat, stranding you on land and ending your aquatic adventures.

What Can My Policy Cover?

When making coverage selections within your boat insurance policy, you may want to consider making sure the following are included:

• Liability coverage can help pay for losses and legal expenses if you’re responsible for a boating accident in which other parties are injured or their property is damaged.
• Physical damage coverage can account for costs if your boat is damaged in a covered incident, such as by a collision, fire, vandalism or natural disasters.
• Medical payments coverage may render aid for health care costs if you or your passengers are injured in an accident, regardless of fault.
• Personal property coverage can absorb losses involving scuba gear, fishing equipment, electronics and other belongings stored on your boat.
• Uninsured/underinsured watercraft coverage can bridge the gap if someone else is to blame for your losses but lacks sufficient insurance to pay for them.
• Emergency assistance coverage can help manage costs if your watercraft breaks down and you require aid.

Is Coverage Required?

Boat insurance is not typically required by law in Florida, but you might need to satisfy other obligations. For example, if you’ve financed your watercraft, your lender may require certain levels of coverage until you’ve paid off your loan. Alternatively, marinas often mandate liability coverage before allowing you to dock.

How to Get Boat Insurance Near Me

At Wiglesworth-Rindom Insurance Agency, our team is well-versed in the world of watercraft and boat insurance. Contact us today to learn about coverage options in Boynton Beach & Stuart, FL, or to compare personalized quotes.