How Boat Insurance Is Similar to Auto Insurance

Just as you need auto insurance for your vehicle, boat insurance is essential for your watercraft. While boat insurance isn’t required by law in Florida, no boater should be without it. Boating accidents are common, and not having boat insurance could leave you financially vulnerable. If you own a boat and you don’t have boat insurance yet, it’s time to give us a call at U.S. Property Insurance Agency in Tampa, FL.

Liability Coverage in Boat Insurance

Boat insurance shares many similarities with auto insurance, including coverage for liability in the event of an accident. If you were to be involved in an accident deemed to be your fault, you would be liable for all of the property damage done to the other craft as well as all of the medical bills of the people in the other craft. It’s essential to have both bodily injury liability and property damage liability in your boat policy for this reason. It can protect you against a liability that could cost you significantly.

Other Boat Coverage

There are also other types of boat coverage that you can include in your policy that correspond to similar coverage in auto insurance. These include collision coverage and comprehensive coverage. Collision coverage pays for your own craft’s damage after an accident. Comprehensive coverage protects in various situations, including those where the vehicle isn’t on the water. Having all of these types of coverage will leave you well protected against the many things that can happen to boats in the water as well as on land.

Get Boat Insurance in Tampa

When you own a boat and need the protection of insurance, we’re here to help. To get started, give us a call at U.S. Property Insurance Agency in Tampa, FL.