Why pay insurance, if I keep the boat in winter
Why pay insurance for a whole year, if I keep the boat in winter. Some Florida boat owners store their boats for the winter. They only enjoy them in the so-called boat season -which runs from March to November-. That is the reason why they wonder if it is worth having an active insurance policy throughout the year, knowing that in the Sunshine State boat insurance is not mandatory.
First of all, it is good to clarify that insurance is not mandatory for those people who have finished paying for the purchase of the boat, those who have acquired it through a loan are highly likely to be forced by the lender to keep it insured all the time while paying off the debt.
On the other hand, those who have paid for it know that a boat is a huge investment and the risks do not only appear when sailing. On land, there are many dangers to protect yourself from. To cite just two examples, natural disasters often occur, such as tornadoes or large storms capable of destroying the boat on dry land.
Another risk is acts of vandalism and theft. The friends of what is foreign take advantage of winter to vandalize boats and take everything that is useful to them.
A common argument is that home insurance covers damage to the boat. That’s true, but what they don’t say is that these coverages are generally limited to $1,000. That is, if your boat at home explodes, burns, is stolen or a tree falls on it, you will most likely be paid up to $1,000 in coverage. However, if you had active insurance, it would save you from losing thousands of dollars. Why pay insurance for a whole year, if I keep the boat in winter.
Call the specialists at Univista Insurance and they will offer you insurance tailored to your needs. If you don’t use the boat during the winter months, you will likely be compensated in some way.