Boat Insurance 101: What You Need to Know Before You Hit the Water

As a responsible boat owner, it’s important to think about all aspects of keeping your boat safe. In addition to boat maintenance and following good safety practices, you need to insure your boat. A high-quality boat insurance policy will protect you in the event of an accident from major expenses and it can make it less stressful to take your boat out on the water.

Why Boat Insurance Matters

In some jurisdictions, you’re required to have boat insurance in order to legally operate your boat. However, it shouldn’t matter whether or not you legally have to get boat insurance, as it’s simply a good thing to do for your own peace of mind. You don’t want to be on the hook for thousands of dollars in repairs due to property damage or harm done to your boat. Boat insurance can also cover the cost of injuries to you, your passengers, or other people in an accident.

Where to Obtain Boat Insurance

There are a number of boat insurance companies, which tend to also insure homes, RVs, and cars, which can potentially provide you with the coverage you need for your boat. In fact, if you already have a policy via one of these companies for your house or car, you may be able to bundle a boat insurance policy with it to save yourself money.

Local boat dealerships or your bank or credit union are other great sources of boat insurance coverage. Make sure to look into all of your options to choose the best one for your needs.

Visit our Florida dealership in Miami to check out our wide stock of new and used boats for sale. Jet Ski of Miami serves our customers in Hialeah, FL.