Your Guide to Watercraft Insurance in Florida: Navigating the Waters Safely

Florida’s pristine coastlines and abundant waterways make it a paradise for boating enthusiasts. Whether you enjoy fishing on a small vessel, cruising on a luxurious yacht, or zipping around on a jet ski, watercraft insurance in Florida is crucial for protecting yourself, your passengers, and your investment while out on the water.

Why You Need Watercraft Insurance in Florida

Florida does not require insurance for boats, but savvy boat owners know it’s smart to get it anyway, especially if your boat is worth more than $1,000. Boating might be a leisurely activity, but it’s not without risks. Accidents, theft, and unpredictable weather can create financial headaches, and watercraft insurance protects against a range of scenarios. In addition, if you are paying off your boat with a loan, it’s likely the loan holder will require you to have insurance.

It covers the cost of repairs or replacement if your boat or watercraft is damaged in a collision, storm, or other covered event. If you are at fault in an accident, liability insurance helps with legal costs, judgments, and medical expenses for injured parties. Good insurance will also cover medical bills for you and your passengers in the event of an accident on your boat, and your insurance also protects you from financial loss if your watercraft or equipment is stolen.
Finally, you have coverage if you’re involved in an accident with an uninsured boater.

Factors That Affect Your Rates

Type and Value of Watercraft

Sailboats, powerboats, jet skis, and yachts have varying risk profiles and insurance costs. Obviously, higher-value watercraft will generally also have higher premiums.

Boating Experience

Safe boaters with proven records can often secure lower premiums.

Navigation Areas

Boating in high-risk areas or far offshore could lead to higher insurance costs.


Choosing a higher deductible can lower your premiums, but make this decision carefully, as it will also mean a lot more out-of-pocket expense if something does happen.

Watercraft insurance is an investment in both your enjoyment and your financial well-being. Contact DTRT Insurance Group now and let us help you find the right coverage for your watercraft from reliable insurers.

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