Purchasing a boat tends to be an expensive investment. A common misconception is that boat insurance is only applicable for the summer months and the rest of the warm season. While this is when boats tend to be used the most, damage and theft can still occur during the winter while boats are in storage and, particularly, left mounted on a trailer. According to US Boat Magazine, this type of theft has made up 70 percent of reported losses in recent years. Getting a year-round boat insurance policy can help alleviate the stress of covering out-of-pocket costs if damage occurs.

What Initiates Claims During the Off-Season?

As previously stated, accidents and damage can occur at any given time to your boat for various reasons. During the summer, accidents such as collisions or injuries can occur at any time, and a boat insurance policy can assist you financially in covering these accidents. During the off-season, accidents can happen to your boat, such as fire damage, weather damage, theft, vandalism and flooding. Regardless of where you decide to store your boat, unforeseen incidents can occur at any time.

Storing your boat in a marina, boatyard, or driveway are the most common storage places for boats during the winter. These storage places come with their respective risks, such as fire and weather damage. Because your boat is vulnerable to these types of accidents in the winter, the importance of having year-round boat insurance cannot be overstated.

What Does Boat Insurance Include?

While coverage options may vary among boat owners, a typical boat insurance policy might include the following:

Liability coverage helps cover expenses if your boat causes damage to another person’s property.
Medical payments coverage helps cover medical expenses if you or a passenger gets injured on your boat.
Boat insurance property coverage helps protect your boat from various risks and potential incidents by covering costs related to repair, theft, vandalism, etc.

Uninsured watercraft coverage helps cover expenses if an uninsured boater collides with you and causes injury to you or your passengers.

Additional coverage options may be available to you, so be sure to reach out to one of our agents for more information.

Learn More

Augustine Insurance & Financial Services, Inc. is here to help the boat owners of Clarksville, Tennessee. Our agents are here to assist you in learning more about year-round boat coverage so that you can make the best decision on a policy for you and your boat. Don’t hesitate to reach out.

Insure Your Boat Year-Round

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