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Why You Can’t Ignore Boat Insurance in Florida

Orlando, Fla./June 2023—Summer has just officially arrived! For those living in Florida, it’s common knowledge that the state is one of America’s top boating destinations. With more than 11,000 miles of navigable waterways and almost 1,200 miles of coastline beating against the Atlantic Ocean and the Gulf of Mexico, it’s not difficult to see why so many Floridians spend their time out on the water. But just like any other adventure, there’s always an element of risk present. That’s why owning a boat comes with the responsibility of ensuring it’s protected from any potential hazards. And you may be wondering why insurance protection is so vital? 

Following are the most important reasons why you can’t ignore boat insurance in Florida.

1. Reduce the cost of damages

Accidents happen on the water. You could hit a submerged tree trunk or collide with another boat. Such collisions can cause significant physical damage to your boat. If you don’t have boat insurance, then you’ll have to pay for the repairs yourself. By investing in boat insurance, you can reduce the cost of repairs when physical damage occurs.

2. Protect from theft

What’s worse than parking your boat at the dock and it’s gone in the morning? The unexpected theft of your boat is not only a devastating experience, but it’s also a costly one. That’s why it’s wise to insure your boat, not just against physical damage, but also against potential theft. Knowing that you’re protected from theft can give you peace of mind and allow you to enjoy your boating adventure without worry.

3. Cover liability costs

If there’s an accident, and you’re deemed responsible, you could be held liable for the damages and injuries that follow. Such legal claims could lead to expenses that could put you in a difficult financial situation. But when you have boat insurance, it covers the liability costs that come with legal claims.

4. Meet legal requirements

In many states, boat insurance is mandatory and Florida is no exception. You’re expected to have liability coverage and meet other insurance requirements based on your boat’s size and type. So, if you plan on cruising down Florida’s waterways, make sure you meet the legal requirements to avoid incurring penalties.

5. A more enjoyable boating experience

Perhaps the most significant reason why you can’t ignore boat insurance is the freedom and enjoyment it offers you. By being insured, you can enjoy your boating experience without worry. You’ll be confident that if an accident happens, you’ll be covered, and the damage to your boat would not mean the end to your boating adventures.

If you’re a boat owner in Florida, ignoring boat insurance could lead to significant financial losses and legal ramifications. By investing in boat insurance, you reduce the cost of damages, protect your boat from theft, cover liability costs, and meet legal requirements. You’ll also enjoy your boating experience without having to worry about unforeseen damages or legal claims. At the end of the day, boat insurance is an essential requirement that offers peace of mind for any boating enthusiast. 

Get insured, and enjoy the sunny shores of Florida’s coastline without worry!

Let your local insurance specialists at Orlando Insurance Center help you save in the purchase of insurance bundles.  Give us a call today at (407) 680-1214— for an initial consultation and quotes from among 20 different insurance carriers who support us!