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Orlando Florida Boat Insurance Quote

boat insuranceJust like searching for the right watercraft, shopping for the right boat insurance is an important step. Let us guide you through the process for smooth sailing.



Types of Boat Insurance

There are two basic types of boat insurance—“agreed value” and “actual cash value.” An agreed value policy covers the boat based on its value when the policy was written. While it can cost more up front, there is no depreciation for a total loss of the boat. An actual cash value policy costs less up front, but factors in depreciation. In the latter, the policy will only pay up to the actual cash value of the boat at the time it is declared a total or partial loss.


Kinds of Policies

Marine insurance covers a wide array of watercrafts that may include:

  • Boat – Smaller than 26’
  • Watercraft
  • Yacht – 27’+
  • Sailboat
  • Dinghy
  • Rental Boat Club
  • Professional (ProAngler, Fishing Guides & Charters)


Boat Insurance Cost Factors

Factors insurers may consider when determining the cost of your policy:

  • Cruising Area – where you boat
  • Age of Boat
  • Length
  • Value
  • Speed
  • Condition (Does it meet US Coast Guard Standards)
  • Primary residence (If the boat is used as a primary residence)
  • Type (Amphibious boats)
  • Boating Safety Education –if you have been formally trained or certified
  • Good Driving Records –both boating and driving
  • Liability Limits – the higher the limit, the higher the cost
  • Deductible – the higher the deductible, the lower the premium


We are ready to help with all your Boat Insurance needs.