FAQs - Page 5 of 8 - IMAX Insurance Group

Q: What happens to my coverage when a hurricane is coming?

This is the question worth asking in May, not August. Some policies carry a named storm deductible, and some expect you to have a haul-out or storm plan in place. Waiting until a storm is named to find out what yours says is how people end up paying for a lesson.

Q: How much does boat insurance cost in Miami?

There is no flat number. Price moves with the boat itself, its age and value, where you keep it, how far you run it, your boating experience and your claims history. Call us at (786) 441-8985 or request a free quote and we will price your actual boat instead of guessing.

Q: Are jet skis and personal watercraft covered?

Yes, and they are written differently from a boat. Personal watercraft carry their own risk profile, especially around who is allowed to operate them and whether you rent them out. Tell us how the machine actually gets used and we will match it.

Q: Does my homeowners policy already cover my boat?

Sometimes, partially, and usually less than owners assume. Home and auto policies can extend limited coverage to small watercraft, often with tight limits and a lot of exclusions. If the boat matters to you, it is worth having someone actually read what you already have before you buy anything new. We will do that at no cost.

Q: Is boat insurance required in Florida?

Florida does not require boat insurance the way it requires auto insurance. That surprises people. What does require it, in practice, is almost everyone else. Marinas usually want proof of liability before they give you a slip, and lenders require coverage on a financed boat. And the absence of a legal requirement does not make you any less liable if something goes wrong on the water.

Q: Is my bike covered when it is parked or stored?

Comprehensive coverage handles theft, fire and storm damage whether you are riding or not, which matters more in Miami than in most places. Liability alone does not. That is the gap that catches people after a hurricane or a theft.