When is boat insurance required in Florida?

Living in the Miami, FL area is a dream that many people have. When you live in this area of Florida, you are going to have access to many amazing activities. One activity that you can enjoy almost all year is going out on a boat. If you do purchase a boat in this area of Florida, it is vital that you consider your insurance needs. There are several situations when boat insurance will be required for you.

Lender Requirement

One situation when you need to have both insurances in this area is if you have a loan on your boat. Buying a boat can be a huge expense. Because of this, many people decide to take out a loan to finance the purchase. If you choose to do this, you are going to be required to comply with the lender’s requirements. This will generally include requiring you to get a full boat insurance policy.

Local Requirements

You may also need to have a boat insurance policy based on where you will be using your boat. If you plan on using certain marinas or private waterways, there is a good chance that you will need to have boat insurance. When you have this coverage, you will receive coverage for liability. This will provide assurances to all other people in the area that you can pay for damages if you cause an accident in a certain area.

When you purchase a boat in Miami, FL, it is essential that you speak with B & G Insurance about your insurance needs. When you speak with these professionals, B & G Insurance can help to explain why you need to get insurance for your watercraft. We can also help you find a policy that will give the right coverage for your lifestyle. 

When is boat insurance required in Florida?

Living in the Miami, FL area is a dream that many people have. When you live in this area of Florida, you are going to have access to many amazing activities. One activity that you can enjoy almost all year is going out on a boat. If you do purchase a boat in this area of Florida, it is vital that you consider your insurance needs. There are several situations when boat insurance will be required for you.

Lender Requirement

One situation when you need to have both insurances in this area is if you have a loan on your boat. Buying a boat can be a huge expense. Because of this, many people decide to take out a loan to finance the purchase. If you choose to do this, you are going to be required to comply with the lender’s requirements. This will generally include requiring you to get a full boat insurance policy.

Local Requirements

You may also need to have a boat insurance policy based on where you will be using your boat. If you plan on using certain marinas or private waterways, there is a good chance that you will need to have boat insurance. When you have this coverage, you will receive coverage for liability. This will provide assurances to all other people in the area that you can pay for damages if you cause an accident in a certain area.

When you purchase a boat in Miami, FL, it is essential that you speak with B & G Insurance about your insurance needs. When you speak with these professionals, B & G Insurance can help to explain why you need to get insurance for your watercraft. We can also help you find a policy that will give the right coverage for your lifestyle. 

Do I need liability insurance for my boat?

At B & G Insurance, our agents understand that many people may not realize the extent of their liability when it comes to their boats and other types of watercraft. Residents who live in the Miami, FL area and spend time boating need to understand what they will be responsible for if an accident occurs.

You’re Responsible

If you are boating and an accident occurs, you may be held responsible for both property damage or injuries if any are sustained by passengers in your boat or someone else’s boat. Just like in an auto accident, if you are at fault in any way, you will be liable for any damages or injuries incurred by others who are impacted by the accident.

Financial Loss

If you are involved in any type of boating accident where damage or injuries are caused, you could face devastating financial loss if you do not have the right type of insurance in place. Most states now require watercraft insurance if you plan on registering your boat or jet ski. The liability you incur could result in personal injury lawsuits if you do not have any type of liability insurance in place at the time of the accident.

In Miami, FL, the agents at B & G Insurance are ready to assist you if you have questions concerning boat liability or other types of watercraft coverage. The agents can review any existing policy you have in place and can help you get the coverage you need to remain financially secure at all times. Call and schedule your appointment with one of our agents at your earliest convenience!

 

Do I need liability insurance for my boat?

At B & G Insurance, our agents understand that many people may not realize the extent of their liability when it comes to their boats and other types of watercraft. Residents who live in the Miami, FL area and spend time boating need to understand what they will be responsible for if an accident occurs.

You’re Responsible

If you are boating and an accident occurs, you may be held responsible for both property damage or injuries if any are sustained by passengers in your boat or someone else’s boat. Just like in an auto accident, if you are at fault in any way, you will be liable for any damages or injuries incurred by others who are impacted by the accident.

Financial Loss

If you are involved in any type of boating accident where damage or injuries are caused, you could face devastating financial loss if you do not have the right type of insurance in place. Most states now require watercraft insurance if you plan on registering your boat or jet ski. The liability you incur could result in personal injury lawsuits if you do not have any type of liability insurance in place at the time of the accident.

In Miami, FL, the agents at B & G Insurance are ready to assist you if you have questions concerning boat liability or other types of watercraft coverage. The agents can review any existing policy you have in place and can help you get the coverage you need to remain financially secure at all times. Call and schedule your appointment with one of our agents at your earliest convenience!