Sailboat insurance is a fantastic financial tool to help reduce the risks you face as you take your watercraft out. It can feel great knowing that the water and breeze are blowing past you, but accidents do happen even on the water. Sailboat insurance can help to minimize the financial risks. But boat insurance isn't always as simplistic as many people think. Like auto insurance, you need a policy that is customized to meet your individual needs and to minimize the types of risks you face.

Generally speaking, when you invest in sailboat insurance, you are taking steps to protect the value of your boat. That means that if your boat is damaged in a covered incident, the insurance provider will pay for those damages. In this situation, it does not matter who is operating the boat unless it is someone legally unable to do so and you've consented for them to do so.

If your boat is involved in an incident in which you are found at fault, your boat's liability insurance kicks in to cover the damage to another boat, another person or another person's property. Liability insurance provides coverage to other people's losses in a covered incident. Again, this type of policy can provide protection no matter who is behind the wheel, as long as it is being operated legally.

If you are a captain or you operate your boat for any type of financial reason, such as providing a shuttle service or boat tours, you should have additional coverage in place to minimize these higher risks. If you are operating in this type of commercial capacity without the right type of watercraft coverage, you may be unable to file a claim for losses you sustain.

Take the time to consider all of your options for sailboat insurance. What is most important is that you have a policy that protects your assets and reduces your liability risks so that you do not lose money out-of-pocket if an incident occurs. A customized policy that meets your specific goals is always a good idea for today's sailboat owners. Talk to an agent to find out what's best in your case.

Enjoy the water safely. Call Casey Insurance Group at (888) 537-1412 for more information on Florida boat insurance.