Watercraft insurance helps protect you and your boat so you can enjoy the open water.

Leave your worries on dry land by having a watercraft insurance policy to cover you when it matters.

Just like your car, your boat is a very valuable asset that is exposed to a variety of risks that could result in significant damages. Boat owners need to have the right coverage in place to protect their investment. Boat insurance offers the comprehensive protection you need to ensure you and your vessel are covered against common accidents and incidents.

What Does Watercraft Insurance Cover? 

Watercraft insurance policies typically include several standard coverages to protect boat owners from a variety of common hazards. Common covered risks include hazards like boat collisions, theft, storms, and fires.  

This may include coverage for:  

• Boat damage 
• Boat replacement 
• Injury and property damage liability 
• Medical payments 
• Wreckage removal in the event of a covered accident 

These policies can be customized to accommodate various types of watercrafts, including sailboats, fishing boats, powerboats, and more. 

Watercraft Insurance FAQs 

Still have questions? Here’s what you need to know about watercraft insurance in Florida. 

How much does it cost? 

Like auto insurance, boat insurance rates vary depending on several key factors, including: 

• Type of boat 
• Use cases (e.g., racing, recreation, etc.) 
• Storage conditions 
• Boat length 
• Claims history 
• And more

Your NSI Insurance agent will work with you to find an affordable policy that meets your coverage needs. 

Is it required? 

Boat insurance is not required in Florida to own or operate a watercraft. However, your lender will likely require you to purchase insurance to protect against damages to the boat if it is being used as collateral. If your boat is docked at a marina, you may also be required to have liability insurance. Even when not required, insurance is recommended to ensure you, your boat, and your passengers are protected against common accidents. 

Does it include towing? 

While specific coverages depend on your policy, most boat insurance policies do include boat towing assistance in case your boat becomes inoperable while on the water. 

What is umbrella insurance? 

Umbrella insurance is a type of policy designed to provide additional coverage that supplements your existing policies. If you are involved in a covered incident while operating your boat and the damages exceed your coverage limits, umbrella insurance may cover the difference.