Boca Raton Yacht Insurance Company
There’s no better way to travel freely and comfortably than by owning a yacht. To fully enjoy your adventures at sea, you’ll also want to protect your vessel should any emergency occur. Whether you already have a policy or are looking for a new plan in Boca Raton, learn about how we can help you below.
Florida Yacht Insurance Requirements
Although the State of Florida does not legally require yacht owners to maintain insurance, some other businesses do have yacht insurance requirements. If you choose to take a loan to finance the purchase of a yacht, most lenders will require you to have yacht insurance coverage until you completely pay off the loan. Additionally, many marinas require insurance in order to moor your yacht in their space. Even if you are not bound to these requirements for yacht insurance, purchasing a policy guarantees protection for you and your guests, making your yacht safer and more enjoyable for everyone on board.
What Does Our Insurance Cover?
At Florida Marine Insurance, our yacht insurance plans can cover the following and more:
- Equipment Insurance – This coverage pays for any yacht repairs due to physical damage caused both on land and in the water. This policy covers machinery and the hull.
- Protection and indemnity – This liability coverage pays for injuries and property damage you may cause other passengers and people in the event of a yachting accident.
- Yacht Crew Health Insurance – This coverage takes care of workers aboard your vessel.
- Towing and Labor – If your boat breaks down, this covers towing and labor costs as well as delivering fuel, oil or a battery to your yacht.
- Uninsured boaters' liability – Boat liability coverage is not mandatory; hence, some boaters are operating without liability coverage. Uninsured boaters' liability compensates you for injuries sustained resulting from another boater without liability coverage.
Get Your Quote Today
When you are ready to explore your options for yacht coverage in Boca Raton, contact Florida Marine Insurance. We have been providing industry-leading yacht insurance coverage for over 35 years. We have the experience and expertise to design the custom policy you need for your yacht. Reach out to our team today to learn more about your policy options and request a free, no-obligation price quote.
