What Does Florida Boat Insurance Typically Cover?

Boat insurance may cover physical damage to the vessel and equipment, liability for injury or property damage, medical payments, uninsured boaters, towing, and other selected risks. Coverage varies by policy, boat, navigation area, storage, and storm plan, so limits and exclusions need a vessel-specific review.

Agreed Value vs. Actual Cash Value

An Agreed Value policy pays the agreed hull limit without depreciation in the event of a total loss. Actual Cash Value deducts depreciation based on age and wear before settlement.

Prepare a Hurricane Haul-Out Plan

Many marine policies include hurricane haul-out assistance reimbursement, covering half or all of the cost to haul and store your boat safely when a named storm approaches South Florida.