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Boat Insurance

Stellar Re Boat Insurance Guarantees Smooth Sailing.

Not only is Florida the biggest state for boating in the USA, but it is also the most accident-prone by a large margin. Make sure to protect your vessel with a customized boat insurance policy for your lifestyle so you can kick back and relax when you’re out on the water.

What Does Boat Insurance in Florida Cover?

Typical Florida boat insurance covers physical damage to your boat, collision or sinking damage, vandalism and other related dangers, liability losses, and bodily injury or death.

Physical Damage to Your Boat

Covers physical damage to the hull, sails, machinery, furnishings, and most other equipment typically found on board.

Collision or Sinking Damage

Pays for damage or loss incurred as the result of collision or sinking.

Comprehensive Coverage

Pays for losses due to theft, vandalism, or damage incurred by an incident other than collision.

Bodily Injury or Death

Provides medical coverage for bodily injury or death that your boat inflicts on others. It also covers bodily injury aboard your own vessel.

Liability Losses

Covers physical and property damage you may cause to another boat, yacht, personal watercraft, sailboat or dock.

Boat Trailer

Most policies typically cover your boat trail against physical loss or damage from any external cause.

What Additional Boat Insurance Coverage Can I Purchase?

Many Floridians choose to purchase additional coverage to protect their valuable personal property and fishing equipment on board. It is also wise to choose a policy that protects against uninsured boaters, as Florida boat insurance is not enforced for recreational boats.

What Hurricane Damage is Covered by My HO Policy?

When it comes to protecting your home, it is important to know exactly what your policy covers. Your hurricane coverage will depend on a variety of factors including, where your home is located and what your particular policy includes.

Bow Rider

Open bow type of boat with seating. They are best suited for use in lakes and inland waterways.

Center Consoles

Single decked open hull boats with the operator's console (helm) in the center of the boat. Great fishing boats that are mostly powered by outboard motors.

Cubby Cabin

A boat that contains a small cabin in the bow.

Walk Around

Cross between center consoles and cubby boats. These boats contain a small cabin and are great fishing boats.

Ski Boats

Flat bottom, high torque boats designed to safely tow water skiers. Powered by high-horsepower engines.


Commonly referred to as "party boats" for calm, inland waters, these vessels have flat hulls that sit on pontoons.

Jet Boats

Vessels propelled by a water jet ejected from the back of the boat.

Personal Watercraft

Watercrafts used for recreational purposes that you sit or stand on. Also known as WaveRunner, Jet Ski or Sea Doo.


Boats propelled partially or entirely by sails. Often used for racing, sport or cruising.

Bass Boats

Small, flat bottom boats used primarily for bass fishing in inland waters. Often equipped with swivel chairs for easy casting.

Commercial Vessels

Large merchant vessels and cargo commercial fishing boats that require Protection & Liability Insurance (P&I).

Private Pleasure Crafts

Yachts and mega yachts ranging from $50,000 to $200,000,000 used for recreation.


Is My Boat Covered Out of Water?

If your policy includes Physical Damage Coverage (Comprehensive and Collision), your boat will be protected when it’s out of the water.

Liability, Uninsured Motorist, and Medical Injury coverage are only effective when your boat is in the water.

What are the Factors That Affect
Florida Boat Insurance Premiums?


Women are historically quoted less than men, and middle-aged boat owners are quoted less than the young and elderly.


Boats with higher horsepower generally have higher premiums.


Boat owners with historically good driving records are rewarded with lower premiums.


If you take part in high risk activities like towing water skiers or parasails, you will have higher premiums.


Your personal boat driving experience and the experience of others who plan on driving your boat will affect your premium.


Expect lower premiums if your boat is well-equipped with all the right Coast Guard approved safety gear.


The make, model, year, and motor of your boat can greatly affect your premium.


A consistently high credit score will lead to lower premiums.


The number of insurance claims you have historically filed may affect the premium you pay today.

Different Types of Boat Insurance Coverage in Florida

Similar to cars, a boat’s value starts depreciating the day you purchase it. Most insurance policies adapt their coverage to the market value of your craft, but you can always choose to opt for additional coverage.

Agreed Value

Should your boat suffer a total loss, insurance will pay the agreed upon amount in your policy, regardless of depreciation.

Actual Cash Value

Should your boat suffer a total loss, insurance will provide coverage up to the current market value of your craft, accounting for depreciation

Replacement Cost

Should your boat suffer a total loss, insurance will reimburse you the cost of repairing the boat to its original condition or replacing it with a model that is the same or similar (only available within the first 2-3 years).

Florida Boat Insurance Frequently Asked Questions

Boats are one of the biggest investments people will make in their lives.
Our Stellar Re agents can walk you through every step of protecting your assets.

How Much Does Boat Insurance Cost in Florida?

On average, Floridians pay a few hundred dollars for boat insurance a year, but depending on your boat's specifications, it can easily turn into over $1,000 annually.

Do All Floridian Boaters Have to Carry Boat Insurance?

In Florida where boating regulations are relatively lax, boat insurance is not required by law. That being said, Florida accounts for 11% of all nationwide boating incidents, totaling 723 accidents and 66 casualties in 2017. Accidents wreak economic and fatal havoc on boat owners. Don't become a statistic – make sure your vessel is insured today.

If I Get in an Accident While Towing, Who Will Pay?

If your boat is totally or partially damaged while it is being towed, your boat policy will pay if you have physical damage coverage (comprehensive and collision).

Why Buy Boat Insurance from a Stellar Re Agent?

There are many factors that go into finding the right boat insurance for your vessel and lifestyle. Whether you own a pontoon, yacht, jet ski, or sailboat, Stellar Re agents can find you the most competitive rate in Florida for your specific needs. Our agents are available 24/7 to respond to all of your insurance inquiries. What are you waiting for? Give us a call.

Build Your Own Customized Florida Boat Insurance Policy

Stay Covered, Even When You Rock the Boat.