Is boat insurance required in Florida?

Florida boaters aren’t required to carry boat insurance. However, it may still be unwise to be uninsured as a boat owner. Our team at McCormick Insurance Inc. is committed to educating Pembroke Pines, FL boaters on the benefits of boat insurance. We’re informing residents about the financial liability that comes from boating accidents if you’re uninsured. 

Florida Boating Laws

Boat owners aren’t required to carry boat insurance in Florida. However, if you don’t own your boat outright, your lienholder will likely require you to have boat insurance. Boat insurance ensures that the loan/lien holder is covered if something happens to the boat. Also, some marinas may require boat owners to have boat insurance to cover a possible accident. 

Other Considerations

Many boat owners would be unprepared to replace their boats if they were in an accident. Many owners would be unprepared to cover property damage and medical bills for anyone injured if at fault. An uninsured boat owner could be financially responsible if found liable for a boating accident. Car accidents can be expensive to cover out of pocket. Boating accidents are no different. An uninsured boat owner absorbs all the costs of any potential accidents that they may cause. Property damage, medical bills, and damage to another person’s boat or your own are all expenses you could be required to cover.

If you have questions about boating insurance, we can help. We’d be happy to answer your questions. We will discuss the benefits of boat insurance and situations that may occur if you don’t have insurance. We want you to be informed. Give our Pembroke Pines, FL team at McCormick Insurance Inc. a call; we’re standing by.