Florida Insurance Claims for Damage to Boats

Many Florida boat owners enjoy the luxury of a runabout, cabin cruiser, yacht, fishing boat, pontoon boat or sail boats which permits maximum enjoyment of the vast waterways of Florida.  However, any type of boat is a substantial investment that can cost from tens of thousands to millions of dollars, so insurance coverage is important to protect against theft or other perils that can cause damage to your boat.  Because of the prevalence of watercrafts of all types in the Miami area, we have one of the highest rates of boat theft in the U.S.

There are many motivations for boat theft in Florida.  In some cases, boat theft is related to drug trafficking or human trafficking because of easy access to open waters.  Alternatively, boats often are stolen, so expensive equipment can be sold off, such as motors, engines, navigation systems and other equipment that will fetch a substantial price when sold elsewhere in the U.S. or overseas.

Whether your boat is damaged by a rock, log or vandals, boat insurance companies frequently deny claims based on tenuous or trumped up claims of insurance fraud.  One recent example involved allegations against Nicolas Estrella, who is ironically a local insurance mogul.  He is accused of conspiring with the former captain of his 80-foot yacht in trying to defraud his insurer.  The yacht was allegedly stolen by the former employee of Estrella and sunk off the coast of the Bahamas.  Estrella’s insurer denied his $3 million insurance claim based on the premise that Estrella collaborated with his former captain to defraud the insurer that provided coverage for the yacht.

When you own a boat which is stolen and damaged, the financial investment is substantial enough that it is important you are fully compensated for any loss by your insurance company.  As you add high end equipment to your boat, it becomes an even more significant target for vandals and thieves.  In addition, there are many other perils that can cause damage to your boat.  We have provided a list of some of the most common forms of damage and perils that form the basis of boat insurance claims:

  • Theft while a boat is moored or anchored
  • Collision with submerged objects that cause hull damage
  • Theft while a boat is in storage or dry dock.
  • Storm damage while moored
  • Boating accidents involving multiple vessels
  • Boats sinking while moored
  • Flooding of boat while moored

Of these hazards, damage caused by submerged objects is the most common reason for filing boat insurance claims because of the high number of objects floating in the water.  Further, these objects can be difficult to identify until they have already struck the hull or engine of the boat.

If your boat insurance company refuses to adjust and pay your claim in a timely manner, my law firm has helped many boat owners obtain full compensation from their insurance companies.  If you have questions about boat insurance claims, you are welcome to contact our Miami boat insurance claims attorney.  My law firm represents policyholders in claims disputes in Miami and throughout Florida.  The Law Firm of J.P. Gonzalez-Sirgo, P.A. offers free consultations and case evaluations.  No Recovery, No Lawyer Fees.  Call 305-461-1095 or Toll Free 1-866-71-CLAIM.

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