Category Archives: Boat Insurance

Should I Keep My Boat Insurance This Winter

Should I Keep My Boat Insurance This Winter?

If your boat is your pride and joy, then there is no doubt that you have taken every measure necessary to protect it, including having it insured. You do all that you can to take care of it so that you can enjoy it during the warmer months. In fact, you live for the warmer weather so that you can be out on your boat. But when the weather turns colder and you have to store it for the winter, you may feel as though your insurance coverage is unnecessary. Keep reading to see if you should keep your boat insurance during the winter.

Is It Necessary to Keep Boat Insurance All Year?

While you are not using your boat during the winter, you may feel that having insurance is a waste of money. However, even while your boat is being stored, you should consider keeping it insured. There is still the chance of theft, or damage due to weather or other incidents. If the boat were not insured and an accident occurs, you may be liable to pay for the damages.

Is It Required to Have Boat Insurance During Winter?

There are certain circumstances in which you may be required to have boat insurance. In many cases, if you have a boat that is being financed, then the lender may require that you have it consistently insured. If you are unsure if you need to keep your boat insured during the winter, contact your lender. You may also discuss your options with the insurance company.

Is It Possible to Cut Costs During the Winter Months?

It may be possible for you to save costs on your coverage during the winter months while you are not using your boat. For instance, you may be able to drop some of your policy’s coverage types or adjust your premiums. You will want to change your policy back to its original coverage once the spring starts, to make sure that when the time comes to use your boat again, you will be completely covered.

If you have questions regarding boat insurance, contact Northeast-Metro West Insurance.

Why You Should Have Boat Insurance

Boat insurance is designed to protect you from paying a high price for accident-related issues and from other damages and injuries. Just like car insurance, is it a contract between you and the insurance company you choose, where you pay a certain amount every month for the level of coverage you want. If you have a boat, you should invest in boat insurance. It is essential that you have protection for such an expensive item.

What Does Boat Insurance Cover?
Boat insurance coverage depends on where you live, the insurance company you choose, and the kind of coverage you choose. Typically, most boat insurance includes:

  • Physical damage: Collisions with another boat or other objects in the water
  • Liability: Bodily injury or damage to the property of others
  • Personal property: Damage to items like cameras, stereos, clothing, etc.
  • Towing and assistance: If your boat is inoperable, you will be able to have it transported for repairs

Every boat insurance company is different, so you should discuss these details with your insurance representative to ensure that you purchase the right insurance for you.

Who Does Boat Insurance Cover?

Boat insurance will cover the people who are listed on your insurance policy. However, depending on your insurance company, there may be exceptions for people who operate your boat very occasionally, such as family members, significant others, and maintenance personnel. You may not need to purchase coverage specifically for these people unless they use your boat very frequently. To learn more about this, you should speak to an insurance representative.

What to Consider When Shopping for Boat Insurance

Everyone has different insurance needs. When you are shopping for your boat insurance and talking with agents, you should have an idea of the level of coverage you want to buy. Then, consider your budget, if you have special features on your boat that may need extra protection, where you store your boat when it is not in use and where you plan on using your boat. Also, consider how much money it would cost for you to replace valuables you keep on your boat. Knowing this information will help you choose the right boat insurance.

Contact NE Insurance Today!

If you are shopping for great insurance for your boat, vehicle, or home, contact NE Insurance. Our company has been in business since 1989 and represents 25 insurance carriers. You are guaranteed to find an appropriate and cost-effective plan through our carriers. Click here or give us a call at 800-443-7007.