Many boat owners consider canceling their insurance during the off-season, especially when their vessel is stored away and not being used on the water. But there is a good argument for keeping that insurance in place year-round, and it has nothing to do with you and your family venturing out on the lake when the weather is terrible. It has to do with protecting the investment you made in your boat and realizing that accidents can happen even when the boat isn’t bumping over glistening waves.
1. Protection Against Theft and Vandalism
Floats remain vulnerable to theft and vandalism even when not in the water. Plenty of people have nothing to do but cause trouble for boat owners. Storage facilities, marinas, and even private properties are common targets for thieves. Even seemingly innocent activities, like teens climbing into stored boats to have an impromptu party, can cause trouble. Year-round insurance, available through Rich Insurance Agency LLC, serving Kansas City, MO, ensures that you’re protected if your boat is stolen or damaged while stored.
2. Coverage for Weather-Related Damage
Harsh winter weather can damage boats even when they are securely stored. Ice, high winds, and falling debris can lead to costly repairs. Keeping boat insurance in place means you’re covered if unexpected weather conditions cause damage.
3. Avoid Coverage Gaps and Higher Premiums
Canceling and restarting boat insurance can lead to gaps in coverage, which could make it more challenging to obtain affordable rates in the future. Some insurers may even charge higher premiums for policyholders who frequently lapse in coverage.
Maintaining boat insurance year-round provides financial security, protects against unexpected damage, and ensures liability coverage remains in place. Rather than taking the risk of going without coverage during the off-season, keeping an active policy offers peace of mind and long-term savings. Contact Rich Insurance Agency LLC, serving Kansas City, MO, to learn more.
