Just like auto insurance covers the vehicles that you and your family drive, Hollywood boat and yacht insurance from InsureAnyBoat.com will cover your boat when it is out on the water. Your boat or yacht was one of the largest investments you have made; so, it is important that you protect it. Since no two insurers are alike, nor are the needs of their clients, there is no one-size-fits-all approach to marine insurance policies, and the types of coverage that they provide.
What Is and Is Not Covered
If you’re a first-timer and are shopping for a boat or yacht insurance policy in Hollywood, FL, many insurers provide coverage. It is usually based on their level of experience and expertise, as well as the specific type of client they want to attract. But as a client of InsureAnyBoat.com, we feel that you should be aware of what is covered and what isn’t. The chart below will help you understand what marine insurance policies cover and what they normally do not cover:
| Covered |
Usually not covered |
| Bodily injury liability |
Defective equipment |
| Damage or destruction due to collision, fire, lightning, theft and vandalism |
Damage caused by marine animals
(e.g. manatees, seals, sharks, etc.) |
| Damage to equipment that is permanently attached to the vessel |
Damage caused by insect, mildew, mold or mussels |
| Guest passenger liability |
Normal wear and tear |
| Medical payments |
|
| Property damage liability |
|
While coverage will vary, depending on the Hollywood, Florida boat or yacht insurance company you are dealing with, they should all provide protection for the following:
- Hull insurance – Covers damages to the boat or yacht, and includes reimbursement for the cost of repairs or monetary compensation. This would be based on the agreed value of the vessel as stated in your policy.
- Liability coverage – Pays for damages to other property, and injuries to other people, that your boat may have caused. Regardless of the age of your vessel, you should have liability coverage at the very least. Case in point: there are some marinas that require you to carry a minimum of $300,000 in liability coverage on your boat or yacht when it is docked.
While you can count on most quotes in Hollywood, FL for boat and yacht insurance to include these standard coverage. Additional coverage will vary greatly from one policy to the next.
Limitations, Restrictions and Stipulations
While some companies may include certain benefits; others may charge for the same. Just keep in mind that there may be certain limitations, restrictions, or stipulations; included such as the following:
Age limitations – No one under 14 years of age may operate any PWC on Florida waters at any time, even if such person possesses a Florida Boating Safety Education ID Card . . . It is also illegal for the owner of a PWC to knowingly allow a person under 14 years of age to operate a PWC.
Thus, if you allow an underage child to pilot your boat or yacht, and they are involved in an accident, your Hollywood, FL boat or yacht insurance policy will not cover any damages.
Lay-up periods – Although winters are rather mild in Florida, there may be times during the year when you will not take your boat out on the water. InsureAnyBoat.com offers discounts on premiums for including lay-up period coverage in your policy.
Navigation limitations – There are some insurance policies that will not cover you if you travel out of a specific geographical area, or out of US waters. For instance, if you occasionally cruise to the Bahamas or Mexico; we can see to it that you are covered for this type of travel.
For additional information regarding marine insurance, or to receive boat or yacht insurance quotes in Hollywood, FL, call InsureAnyBoat.com today at 1-800-585-1665.
