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Chances are that you only use your boat in the boating season, usually when the warmer temperatures arrive. Many boat owners may consider only getting boat insurance during the boating season. After all, chances are that you just use your boat on weekends a few months per year. However, here are some reasons why you may want to consider keeping your boat insurance year-round.

Insure Your Boat In The Off Season1. About 20% of all boat insurance claims don't happen near the peak boating season. Many things can go wrong with your boat when it's not being used. Dropping your boat insurance in the off-season is an easy way to get caught with your pants down, potentially losing thousands of dollars.

2. There is no off-season for theft or vandalism. The most likely time for your boat to get stolen, or vandalized, is precisely when it isn't in use. Your boat insurance will protect you in case your boat gets stolen or vandalized while in storage.

3. Natural disasters and accidents happen. Many off-season boat insurance claims are due to damage from flooding or fire. While your boat is in storage, it is still vulnerable to damage from natural disasters or an unforeseen event. Some boat owners may opt to have their homeowner's insurance cover this kind of event, as well as theft. However, there are many things that can go wrong with a boat that are not covered by homeowner's insurance.

4. Whether you store your boat in a marina or in your yard, you may want to rethink any decisions to cancel your boat insurance while it's not being used.

5. You are still liable if no one is driving the boat. You can be liable for injuries that occur near your boat, or while the boat was unattended. Your boat insurance can protect you from having to pay expensive medical bills in case there is an injury near or on your boat.
 
6. It can actually be cheaper in the long run to keep your boat insurance all year. Most insurance companies will reward you for keeping your boat insurance the whole year round. This kind of reward usually is related to reductions in the deductible for each claim-free period. After a while without any insurance claims, chances are that you may have no deductible, or that it may be very low. If you cancel your policies after every boat season, chances are that when it comes time to make a claim on your insurance you will be paying the full amount.


By Matt Reynolds - Google+
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Claude Reynolds Insurance Agency Inc.
6801 Dixie Hwy Suite 232
Louisville, KY 40258
Phone: 502-933-2255
Fax: 502-933-5057
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