Marine & Yacht
Insurance Policies
Hull coverage, P&I liability, charter boat policies, and marina property insurance — compare quotes from top-rated marine carriers.
Get a QuoteMarine Insurance Built for South Florida Waters
South Florida hosts the largest concentration of yachts, charter fleets, and marinas in the United States — and sits in the Atlantic hurricane corridor. Generic boat policies don't fit.
Key Marine Insurance Facts
- Florida has more than 1 million registered recreational vessels — the largest fleet of any U.S. state.
- Most South Florida marinas require minimum $300,000 liability coverage before issuing a slip lease.
- Marine policies typically apply 2%–5% named-storm deductibles, calculated on the vessel's insured value.
Marine Insurance Built for South Florida Waters
South Florida concentrates more registered yachts, charter fleets, and working marinas per square mile than anywhere else in the United States — and it sits squarely in the Atlantic hurricane corridor. That combination of value and exposure is why marine insurance for vessels home-ported in Miami, Fort Lauderdale, the Keys, and Palm Beach has to be structured differently than a generic boat policy from a national carrier.
A 35-foot pleasure cruiser, a 120-foot charter yacht, and a marina with 200 slips each carry distinct risk profiles. Hull and machinery, agreed-value coverage, Protection & Indemnity (P&I), passenger liability, marina operators legal liability, fuel-spill pollution coverage, and named-storm deductibles interact in ways boilerplate policies miss. The wrong structure can leave you with a hurricane deductible that wipes out your hull limit — or a marina liability policy that excludes the very tenants it's meant to protect.
SMAART Insurance places marine programs with specialty markets — Lloyd's syndicates and U.S. marine carriers that underwrite high-value yachts, charter operations, and commercial marine accounts. We coordinate hurricane plans, vessel surveys, and claims advocacy from first notice of loss through final settlement, so when the weather turns or the unexpected happens on the water, your business and your vessel keep moving.
Key Marine Insurance Facts
- ■Florida has more than 1 million registered recreational vessels — the largest fleet of any U.S. state.
- ■Most South Florida marinas require minimum $300,000 liability coverage before issuing a slip lease.
- ■Marine policies typically apply 2%–5% named-storm deductibles, calculated on the vessel's insured value.
- ■USCG-licensed charter operations require Certificates of Insurance covering vessel, passengers, and crew.
- ■Agreed-value hull policies pay the full insured limit on a total loss — actual cash value policies depreciate first.
Recreational vessels registered in Florida — the largest fleet of any U.S. state and the densest marine insurance market in the country.
Marine Insurance Products
From personal watercraft to commercial marine operations, we structure the right program for your vessel and business.
Yacht & Luxury Vessel
Hull, machinery, and agreed value coverage for high-value vessels — from cruising yachts to mega-yachts.
Learn MoreCharter Boat Insurance
Commercial marine coverage for charter operations, fishing charters, and passenger vessels.
Learn MoreMarina & Boatyard
Property and liability protection for marinas, dry storage facilities, and marine service businesses.
Learn MoreMarine Trades
Specialized coverage for boat builders, repair facilities, and marine equipment dealers.
Learn MoreProtection & Indemnity (P&I)
Crew injury claims, pollution liability, wreck removal, and third-party liability coverage.
Learn MoreCargo & Freight
Coverage for goods and merchandise in transit over water, including loading and unloading.
Learn MorePersonal Watercraft
Insurance for jet skis, wave runners, small boats, and other recreational watercraft.
Learn MoreSalvage & Wreck Removal
Emergency towing, salvage operations, and wreck removal coverage when the unexpected happens.
Learn MoreMarine Excess / Umbrella
Additional liability protection beyond the limits of your primary marine insurance policies.
Learn MoreWhy Vessel Owners Choose SMAART
South Florida Expertise
Deep knowledge of local waterways, hurricane exposures, and the unique risks facing marine businesses and vessel owners in South Florida.
High-Value Vessel Specialists
Access to premium marine markets and underwriters who specialize in luxury yachts, mega-yachts, and high-value watercraft.
Rapid Claims Resolution
Dedicated marine claims advocacy from first notice of loss through final settlement — so you can get back on the water fast.
Learn about the unique risks facing South Florida's marine industry → Marine & Coastal Industry Overview
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Our experts analyze your risk exposure and build a comprehensive protection strategy tailored to your business.
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Call (305) 819-3675Coverage That Pairs With Marine Insurance
Most South Florida vessel owners also carry coverage for their business, home, or fleet. Explore how SMAART can structure protection across every part of your portfolio.
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Florida business risk assessment and mitigation servicesReady to Protect Your Marine Investment?
Our marine insurance specialists are ready to build a coverage program tailored to your vessel, marina, or marine business.
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