Florida does not legally require boat insurance for most vessels. However, marinas almost always require it as a condition of dockage, and lenders require it if you're financing the boat. Even without a requirement, it's essential protection given Florida's busy waterways and hurricane risk.

Boat insurance costs vary widely based on vessel type, size, value, horsepower, storage, and your boating history. Smaller recreational boats may cost a few hundred dollars per year, while larger yachts can cost several thousand. We'll shop the market to find your best rate.

Standard homeowners policies may provide very limited coverage for small boats (typically under 26 feet and under 25 mph) while on your property. They do not cover liability while operating the boat on water, and coverage is very limited. A dedicated boat policy provides proper protection.

Most boat policies cover hurricane damage — but check for named-storm deductibles and specific requirements for how the boat must be secured or stored during a named storm. Failure to comply with hurricane preparation requirements could affect your claim.

Agreed value means if your boat is totaled, the policy pays the full insured value you agreed on at policy inception — no depreciation. Actual cash value pays only the depreciated value of the boat at the time of loss, which can be substantially less. Agreed value is the preferred option for most boat owners.