Boat/Watercraft Insurance in Florida

Florida Boat Insurance for Being On and Off the Water

If you are in the Deerfield Beach, FL area, spending time on your very own boat can be a great experience. While there are plenty of benefits that come with having a watercraft in this area of Florida, there are also a variety of responsibilities that are important to consider as well. One of the main responsibilities that you need to consider is your need to carry boat insurance. While it may not be required by state law, there are still several situations in which you will need to have this coverage.

Local Liability Regulations

One situation in which you may need to have boat insurance is if you use your watercraft in an area that has local liability requirements. Whenever you take your boat out on the open water, you are taking on responsibility for those that are on your boat and in your immediate area. If you happen to get into an accident and are found to be at fault, you could be held liable. To ensure you can pay claims, some local marinas and waterways will require that you carry boat insurance.

Lender Requirements

Buying a boat is a big investment that often requires you to take out a loan to finance the purchase price. If you do take out a loan, there are likely going to be requirements in the loan agreement that will make you carry a full policy at all times. This will protect the lender’s collateral in the event it is damaged or stolen.

Since it is clear that having an insurance policy on your boat is important, those that are in the Deerfield Beach, FL area should speak with Deboo Insurance Agency, Inc. to discuss their needs. Deboo Insurance Agency, Inc. has helped many people in Florida better understand their boat insurance requirements. We can then help anyone find a quality policy that provides the right level of coverage. Contact our offices to get a quote.