Boat Insurance

Protecting your boat is simple and can save you countless headaches. Here, you’ll be able to read about the various types of boat insurance, what the product covers, and how your insurance company can bring you peace of mind on the water.

From liability coverage to discounts, if you own a boat or personal watercraft, you’ll want to read more about Florida boat insurance.

The right boat insurance can keep you from being high and dry.

How Much is Boat Insurance? 

Did you know that you can secure the value of your boat (plus the wellbeing of you and your passengers) for as little as one dollar per day? 

Boat insurance isn’t mandatory in the state of Florida, but you may find that certain marinas or boat docks have requirements that you’ll have to meet in order to participate. While prices can range based on coverage, boat insurance rarely exceeds a few hundred dollars per year, unless the boat being insured is very expensive. For example, a boat worth around $20,000 would only require a premium around $300 per year to have it properly insured. 

The affordability of boat insurance makes it nearly unreasonable not to have the coverage, considering the replacement cost of a new boat if you don’t have any type of insurance. 

Are There Boat Insurance Discounts? 

Discounts do exist for boats, personal watercraft, jet skis, and more. 

Essentially, the more things you can insure, the more discounts are available to you. You’ve seen the commercials touting “bundling” your car, home, and other types of insurance. Companies seek those opportunities to cover all aspects of your life, and are willing to provide competitive pricing as your reward. 

As an independent insurance agency, Harry Levine Insurance is poised to provide you with a wide array of price and coverage options, including many of the discount opportunities you heard about from Farmers, Geico, Progressive, and the lot.

Yep. Jet skis need proper boat insurance too.

Homeowners Insurance and Your Boat

Just like not all boat insurance policies are created equal, the same is true for homeowners insurance. You may have heard that your property (including your boat) is covered by your homeowners policy, and while that is true, the coverage is usually limited, and typically may not provide coverage in the event of a serious accident that causes injuries or major property damage. 

Also, you’ll find that many homeowners policies have coverage caps or percentages of the home’s value that would be allotted for any damage to the watercraft, which also would not cover any serious accidents, passengers, etc. 

Your homeowner’s insurance policy is not an adequate substitute for proper boat insurance coverage.

There are many different boat insurance options to protect you, your boat, and others.

Types of coverage for your boat, jet ski, or Personal Watercraft:

  • Bodily Injury & Property Damage Liability
  • Uninsured Boater
  • Medical Payments
  • Comprehensive & Collision Options
  • Actual Cash Value 
  • Agreed Value
  • Total Loss Replacement
  • Personal Effects Replacement
  • On-Water Towing & Labor Coverage Service
  • On-Water Towing 
  • Fishing Equipment
  • Fuel Spill Liability
  • Wreckage Removal
  • Medical Payments
  • Mexico Physical Damage
  • Water Sports
  • Navigational Area

There are many different types of boat insurance and many exclusions that need to be considered when you are contemplating your coverage.

We can offer you all-risk watercraft insurance policies that protect you and your boat from top to bottom. When insuring your recreational watercraft or a non-commercial fishing boat, Harry Levine Insurance offers all of the coverage you need. We currently insure all types of pleasure runabouts, pontoons, fishing boats, bass boats, performance watercraft, ski boats, and many more.


What’s Covered

Coverage is available up to the policy limits for your legal liability if someone is injured or property is damaged. 

A combined single limit means that you can use as much as you need within the limit towards either Bodily Injury or Property Damage. Split Limit coverage assigns specific limits to each coverage type.

Some Exclusions

  • No commercial use (pleasure use only).

Consider specialized coverage. Coverage beyond the scope of a standard boaters policy may include Roadside Assistance, where your boat is towed for free as long as your trailer is covered; On-Water Towing, in case you’re stranded on the water; and Uninsured Boaters coverage. Certain carriers also offer Fuel Spill Liability and Wreckage Removal. Without these coverages, you may end up getting stuck with the bill for cleanups and removals or other salvage related operations. Personal Effects and Fishing Equipment coverage are also available.

If you travel, make sure your coverage goes with you. Some insurance companies limit where you can go with your boat and still be covered. Make sure your policy covers you where and when you use your boat.

Think about replacement cost. Boats depreciate just like cars do. A homeowners policy endorsement will only pay you actual cash value for your boat, which could make it difficult to replace your boat if it’s destroyed. But at HLI, you have that option and others. With Total Loss Replacement, you may be entitled to replace your boat with a brand new model if the loss is within the first five model years. We also offer Agreed Value coverage no matter how old your boat is.

Boat insurance

Call Harry Levine Insurance today to get a boat insurance quote!