Will Boat Insurance Cover Damage Caused by Weather or Other Natural Disasters?

Boats are valuable assets that can cost tens of thousands of dollars to repair or replace. In Florida, boat insurance isn’t mandatory, but it is recommended because it protects watercraft owners and prevents liability issues. Let’s have a closer look at the various types of insurance policies and what risks they cover.

Will Boat Insurance Cover Damage Caused by Weather or Other Natural Disasters?

Although some insurance policies cover damage caused by natural disasters, many don’t. Collision coverage pays for the repair or replacement of your boat, but only after a crash. Liability policies only pay for the damage you cause to other boaters and their vehicles. This type of insurance isn’t mandatory in most states, but it’s important because medical bills and legal fees related to boat accidents can be extremely expensive.

If you want to make sure that your own boat is fully covered, you have to get a comprehensive insurance policy. This kicks in if your boat gets damaged during a storm, fire, hurricane, or flood. It also protects you from issues like vandalism and theft.

How Much Does Watercraft Insurance Cost in Florida?

The cost of insurance depends on several factors like the size and value of your boat, where you live, and where you intend to use your boat. On average, watercraft insurance costs $644 per year in Florida. If you get a liability-only policy, you’ll pay significantly less. However, you won’t be protected if your boat gets damaged in a natural disaster, stolen, or vandalized.

Some types of watercraft insurance cover damage caused by weather or other natural disasters, but others don’t. Before you purchase a policy, make sure you understand what risks are included. The best way to get watercraft insurance that suits your needs is to speak to an agent. Call us now at DTRT Insurance and ask us to provide you with quotes. We’ll help you understand the small print of your policy, so you can be sure that your boat is protected.