University of Florida

Environmental Health & Safety

Skip to main Content   Local Links   Search   Main Navigation   Quick Links   Resources   Website   Social   Address   What is this view

Main Navigation

Quick Links

Home   Programs   Insurance and Liability Boats

Boats

This insurance is purchased and administered by the Florida Department of Management Services, Division of State Purchasing. The outline of coverage provided herein is an overview; the actual policy will govern.

The cost of the insurance is the responsibility of the UF department. The EH&S Business Manager will invoice the department annually at the end of the policy period typically during the month of July.

If the equipment you plan to insure is a leased item, please forward the lease agreement/contract to UF Procurement for their review and approval.  This step is done before insurance is requested.   

Policy

  • NAME: Ocean Marine Policy
  • PERIOD:  July 02, 2014 through July 02, 2017

Covered Property

Eligible vessels include all watercraft owned, leased, or loaned.

Description of Coverages Available (all are subject to the policy’s terms, exclusions, and limits):

  • Hull Coverage – Designed to pay physical damage losses caused to the vessel. Such loss or damage may be caused by fire, lightning, windstorm, hail, tornado, collision, sinking, and other perils identified by the policy.
  • Land Transit – Coverage is extended to include physical damage to the vessel during overland transit.
  • Protection & Indemnity Coverage – Indemnifies the Insured (your Agency/University) for any sums which the Insured, as owner/lessee of the vessel, shall have become liable to pay due to losses such as those from loss of life, bodily injury, or illness including hospital, medical and related expenses. This includes collision liability and third party physical damage. Coverage is excluded for divers and divers’ assistants, but can be added with an additional premium upon request. This coverage is necessary when a vessel has a dedicated captain or crew.

Limit of Insurance

Various limits are available.

Hull limits will be determined by the survey provided or other documentation. Options start at $6,000.

P&I limits will be selected by each eligible user. Options start at $300,000.

Deductible

Various deductibles are available.

Hull deductibles will be selected by each eligible user. Options start at $1,000.

P&I deductibles will be selected by each eligible user. Options start at $5,000.

Other Coverage Terms

  • Coverage shall extend to rebuilding, outfitting, or overhauling by any recognized ship repairer or builder.
  • Coverage may be extended to equipment or apparatus installed for use on the vessel, if hull values include such additional equipment.
  • Coverage shall include a $1000 benefit for burial expenses.
  • Each eligible user will have the option to specify the navigational territory to be used, or to request a new territory.
  • Hulls will be insured up to the amounts agreed upon prior to loss or damage.

Rate

  • Hull rates range from $1.15 to $4.00 per $100 of the insured value depending on vessel’s value, age and use.
  • P&I rates vary depending on the exposure.

Navigational Territories Available

Navigational Code

Navigational Description

1-

The inland and coastal waters of the US between Brownsville, TX, and Jacksonville, FL, not to exceed 200 miles offshore. Excludes the territorial waters of Cuba (20 miles from the Cuban shore).

2-

The inland and coastal waters of the US between New Orleans, LA, and Jacksonville, FL, not to exceed 200 miles offshore. Excludes the territorial waters of the Bahamas, including voyages to and from US coastal waters, and Cuba (20 miles from the Cuban shore).

3-

The inland and coastal waters of the US between Brownsville, TX, and Portsmouth, NH, not to exceed 200 miles offshore. Excludes the territorial waters of Cuba (20 miles from the Cuban shore).

4-

The inland waters of the State of Florida.

5-

The inland and coastal waters of the East Coast of Florida.

6-

The inland and coastal waters of the State of Florida, not to exceed three miles offshore

7-

The inland and coastal waters of the US between Jacksonville, FL, and Tampa, FL, not to exceed 200 miles offshore. Excludes the territorial waters of the Bahamas, including voyages to and from US coastal waters, and Cuba (20 miles from the Cuban shore).

Claims

To file a claim, use the DMS Insurance Claim Form.

Footer

Resources

Website

Utility Links

New PI? Get EH&S Help

Social links

Address

What is this view?

You are using a dynamic assistive view of the University of Florida site. It has all the same data and features of the original site but formatted just with assistive users in mind. It has links and content reorganized to aid assistive users and has controls at the bottom under assistive options that allow you to control key aspects such as font size and contrast colors etc.
This is not a separate text-only site, it's a dynamic view that uses unique technology from Usablenet to give assistive users better, more accessible access to the same content and features as all users that use the graphic view of the site.

Assistive Options

Top of page


Assistive Options

Open the original version of this page.

Usablenet Assistive is a Usablenet product. Usablenet Assistive Main Page.