Boater's insurance?

[ItsTheTreesFault]

Alright well i've always loved boating but never had my own boat.<br />Now i'm looking at anywhere from a 30-35' cruiser.<br /><br />and what's been racking my brain is the question of boater's insurance..<br />-Is it even required by law? (i'm in florida)<br />-whats a usual payment look like per month or 6-month for boater's insurance and for what kind of policy?<br /><br />anyone feel free to email me at ItsTheTreesFault@aol.com with any answers..

 

[biloxiriver]

Re: Boater's insurance?

Probably the only "requirement" will be the banks, or your own checkbook's. Like any other insurance cost will be largely dependent on the value of your boat. I pay around $500 a year for full coverage for two boats (1998 Rendezvous and 1995 Dusky). Coverage includes loss value, $300K liability, and $200K pollution (make sure you have some of this in what ever policy you get).

 

[biloxiriver]

Re: Boater's insurance?

Sorry, forgot to say that I bought my coverage through a commercial lines agency; they tend to have good access to a number of carriers. They beat the heck out of Allstate and the like.

 

[TilliamWe]

Re: Boater's insurance?

and for what kind of policy?<br />

That's not a simple question either! Get ready to bombarded with insurance industry terms!

 

[roscoe]

Re: Boater's insurance?

The biggy is environmental cleanup insurance, incase you have a fuel spill after running aground on a coral reef.