Watercraft & Boat Insurance in Melbourne, FL
Boat ownership comes with freedom, but also responsibility. From on-the-water accidents to unexpected damage in storage, boat insurance helps address the risks that can surface throughout the boating season and beyond. At Traditional Insurance of Florida, LLC, we work with watercraft owners to identify whether coverage makes sense and how it functions when needed.
Who Should Consider Boat Insurance?
If you own a watercraft that’s powered by a motor, including fishing boats, pontoons, speedboats or personal watercraft like Jet Skis, boat insurance may be a smart investment. Even smaller vessels can be costly to repair or replace after an incident.
You may want to consider coverage if you relate to the following scenarios:
- Your boat is financed or leased, and your lender requires insurance
- You use your vessel in public waterways where liability exposure is higher
- You want support for losses caused by fire, weather or theft
- You transport your boat on a trailer and want to reduce risk during transit
- You’re concerned about medical or legal costs if someone is injured while on board
Some marinas also require proof of insurance before allowing you to dock or store your watercraft on-site.
How Does a Boat Insurance Policy Work?
Boat insurance policies are typically built around your vessel’s size, horsepower, age and usage. Coverage may include support for physical damage, theft, vandalism and liability claims. Additional options may help cover towing or high-value accessories.
If you experience a covered loss, such as hitting a submerged object, suffering storm-related damage or causing a liability incident, you can file a claim through your insurer. After assessing the situation, your provider may assist with necessary costs, depending on your policy’s structure and deductible.
Contact Us Today
Traditional Insurance of Florida, LLC helps boat owners throughout Melbourne, FL compare insurance options that reflect where and how they operate. Contact our office today to request a quote or review your current coverage.