Boat and watercraft insurance protects your investment while on the water around Miami Lakes, FL. Understanding its coverage in various scenarios is crucial for all boat owners.
It is not set in stone that you can only receive one coverage type. Different policies exist to insure almost all our property, even our water toys. Exploring these options can give you insight into the best ways the underwriting process can cater to your needs for the ultimate protection of your water sports assets.
Coverage of the Water
Boat insurance offers coverage while your vessel is on the water. This coverage protects against damages from accidents, collisions, or natural disasters such as storms or sinking. It extends to the boat and any attached equipment, such as motors, sails, and trailers.
Coverage on Land
Even when not used, boats can get caught up in mishaps like theft or vandalism while stored on land. Boat insurance covers these scenarios, reimbursing the bill if something happens to the boat while on land. Check with the insurance provider for verification.
Coverage During Transit
Transporting your boat on the road carries inherent risks, such as accidents, theft, or damage during transit. Boat insurance policies often cover these situations, ensuring your vessel is protected while transported to and from the water.
Liability Coverage
Boat insurance also encompasses liability coverage, protecting you financially if your boat or watercraft causes injury or property damage during operation. This coverage pays for doctor and medical bills, legal and litigation fees, and other expenses resulting from a liability claim.
Let Jet Stream Insurance Group LLC Give You Information
Jet Stream Insurance Group LLC is here to assist you with all your boat and watercraft insurance queries. We cover the Miami Lakes, FL area. Reach out to us today to get a quote.
