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":[],"_links":{"self":[{"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/posts\/254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/comments?post=254"}],"version-history":[{"count":1,"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/posts\/254\/revisions"}],"predecessor-version":[{"id":255,"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/posts\/254\/revisions\/255"}],"wp:attachment":[{"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/media?parent=254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/categories?post=254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.selkirkinsuranceservices.com\/blog\/wp-json\/wp\/v2\/tags?post=254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}