We understand hull coverage, P&I, crew liability, navigation territories, and charter endorsements in ways that general insurance agencies simply don't. TBF Insure works with specialized marine insurers — including Lloyd's of London syndicates, Markel, and other leading marine markets — to build yacht insurance programs for vessel owners from Boca Raton to Miami and throughout South Florida's extensive waterway system.
Yacht Hull Insurance — Agreed Value vs. Actual Cash Value
Hull coverage protects your vessel against physical damage. The critical distinction in South Florida is between Agreed Value (the amount you'll receive in a total loss, set at policy inception) and Actual Cash Value (which deducts depreciation). For most yacht owners, Agreed Value is the appropriate structure — and it's what we advocate for on your behalf.
Protection & Indemnity (P&I) Insurance for South Florida Boat Owners
P&I is the marine equivalent of liability insurance, covering your legal liability to third parties for bodily injury, property damage, and other claims arising from vessel operations. In South Florida's busy waterways — from the Intracoastal to the Atlantic — P&I coverage is essential for any serious vessel owner.
Crew Coverage & Jones Act Liability in South Florida
If you employ crew members on your vessel, you have Jones Act liability exposure — a federal maritime law that provides significant protections to seamen. Crew coverage addresses maintenance and cure obligations, wages in lieu of maintenance, and unearned wages. This is an area where general insurance agents frequently miss critical exposure.
Navigation Territory Coverage — From the Bahamas to the Gulf
Your navigation territory determines where your vessel is covered. Many South Florida owners cruise to the Bahamas, the Caribbean, or up the Atlantic coast — and standard policies may have significant restrictions. We ensure your navigation territory matches how you actually use your vessel.
Charter Endorsements — What Your Standard Policy Doesn't Cover
If you charter your vessel — even occasionally — your standard yacht policy almost certainly excludes that use. A charter endorsement is required to maintain coverage during commercial charter operations. This is one of the most common and costly coverage gaps we find in South Florida.
Tender & Dinghy Coverage — Often Overlooked, Always Important
Your tender and dinghy represent real value and significant exposure. Most yacht policies have specific sub-limits or exclusions for tender coverage that owners discover only at claim time. We review tender and dinghy coverage as part of every yacht insurance review.
Hurricane Plan Requirements for Florida Yacht Owners
Florida insurers require hurricane plans for vessels kept in the state. Your policy likely has specific requirements about where your vessel must be during named storms and what actions you must take. Non-compliance can void coverage. We help clients understand and comply with these requirements.
Serving Yacht Owners at These South Florida Marinas and Ports
We serve vessel owners docked at marinas and ports throughout South Florida, including:
Get a Yacht Insurance Quote
Tell us about your vessel and we'll get back to you within 1 business day.
Yacht Insurance FAQs
Ready to protect your vessel?
Speak with a South Florida yacht insurance specialist today.
(954) 510-5555