It may be a tempting idea to not carry boat insurance all year if you put the boat away in storage; however, this is not an effective strategy for many reasons. The risk taken for not insuring a boat while it is in storage is not worth it. You might save a little in the short run but if something happens you will regret it.<\/p>\n
Here are some reasons why it is a wise strategy to carry boat insurance all year:<\/p>\n
1. Boat Loan Requirements<\/strong> — If you still owe money on a loan for the boat then always having it insured may be a requirement of the lender.<\/p>\n 2. Marina Requirements<\/strong> — If you moor the boat at a marina, boat insurance may be a requirement.<\/p>\n 3. Off-Season Risk<\/strong> — The risk of vandalism, fire, and theft is still there during the off-season and may even be higher because there is less supervision of a boat placed in storage.<\/p>\n 4. Weather Damage<\/strong> — Severe weather is more likely to damage a boat during the winter months.<\/p>\n 5. Home Insurance Limits<\/strong> — It is unlikely that there is sufficient insurance coverage for a boat under a typical home insurance policy. Ask your agent at The Insurance Shop USA serving Sandpoint, ID and the surrounding area to conduct an insurance review for you to be sure.<\/p>\n 6. Loyalty Benefits<\/strong> — Depending on your boat insurance underwriter, you may get a benefit for maintaining your policy without making a claim for a consistent period. It may actually be more costly to cancel a policy and then have to get a new one each year.<\/p>\n Work with your agent at The Insurance Shop USA in Sandpoint, ID to get a review of your boat insurance and a quote for boat insurance that provides adequate protection.<\/p>\n","protected":false},"excerpt":{"rendered":" It may be a tempting idea to not carry boat insurance all year if you put the boat away in storage; however, this is not an effective strategy for many reasons. The risk taken for not insuring a boat while it is in storage is not worth it. You might save a little in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[50,46],"class_list":["post-254","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-sandpoint-id","tag-the-insurance-shop-usa"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t