Boat Insurance in Coral Gable, FL

If you own a boat or personal watercraft (PWC), you will want to consider boat insurance coverage to keep you and your vehicle safe. A boat insurance policy provides coverage for various aspects of your water vehicle. The type of boat you have will determine the amount of coverage you need as well, so be sure to discuss your needs with your agent at B.I.A. & Company.  

What Is Boat Insurance? 

Boat insurance helps financially protect you and your boat against damage and loss due to collision, fire, storms and theft, as well as financially protect you if you or someone else is injured due to your boat or watercraft. Boat insurance can provide coverage for the following: 

What Boats Are Covered Under Boat Insurance? 

Not all boats are the same, which is why reviewing your insurance is essential. If you’re unsure whether your boat needs coverage, or how much coverage you may need, talk with your agent at B.I.A. & Company to determine if coverage is right for you.  

Learn More About Boat Insurance 

If you’re looking to insure your boat or watercraft, contact your agent today. At B.I.A. & Company, we want to be sure you and your boat are safe while having fun out on the water.  

Marine Insurance in Coral Gables, FL

There are plenty of risks that go along with transporting goods and merchandise. Cargo may be lost or the transportation equipment may be damaged. Marine insurance can help provide protection for these risks through two types of coverage: ocean marine insurance and inland marine insurance.  

Contact B.I.A. & Company to secure a marine insurance policy to help protect your property and to safeguard against other dangers in the shipping process. Our agents can discuss the different protections and coverages available and find the policy that is right for you. 

What Does Ocean Marine Insurance Cover? 

Ocean marine insurance provides coverages for several types of businesses engaged in maritime operations. It can protect manufacturers, distributors and vessel owners. Specific areas of coverage include: 

Ocean Marine Hull Coverage. This may provide protection if a vessel, its machinery or its equipment sustains physical damage. It is not limited to ocean-going commercial vessels and may protect other watercrafts such as tugboats and barges. It may also cover other floating equipment and some fixed property, including offshore installations.

Ocean Marine Liability Coverage. Also known as protection and indemnity (P&I) coverage, this helps to cover the vessel owner’s liabilities to third parties that arise during the vessel’s operations. 

Ocean Marine Cargo Coverage. This may cover damage to cargo that is waterborne during any part of the shipping process. Protections may also extend to theft and other forms of cargo loss. 


Coverages, exclusions and limits vary depending on the policy. Make sure to work with your agent to find a policy that best fits your needs. 

What Does Inland Marine Insurance Cover? 

Inland marine insurance represents another type of marine insurance. This type of coverage helps protect property that is being shipped overland on trucks, trains and other automobiles, and may provide coverage for other items, including: 

Movable property in a fixed location

Unique or valuable property and specialty equipment

Property being temporarily stored by a third party

Property of another that is temporarily in your care, custody and control

Property that moves around


Inland marine insurance may also cover a variety of other materials and equipment. Speak with your agent to learn more about each policy’s protections, exclusions and limits. 

Who Needs Marine Insurance? 

Several types of businesses can benefit from marine insurance. From importers and exporters to those that work off-site or with movable property, marine insurance could provide valuable protections for many different kinds of business operations.  

How Much Does Marine Insurance Cost? 

A variety of factors affect the cost of marine insurance. Your business’s size and operations, the value of property being insured and your coverage limits could all play a role in determining its premiums.  

Contact Us Today 

The agents at B.I.A. & Company can help you find a plan that is right for you. With the coverage options available, marine insure can help protect against a wide variety of exposures. Give them a call today or visit our website for more information.