While many people opt to allow their watercraft (boat) to remain uninsured when not in use, this decision can be disastrous for the boat owner.

Is it necessary to insure your boat when the boat is not in use?

In many areas of the country use of boats and other types of watercraft over the long winter months is impossible, due to climate changes and adverse weather conditions.

Many boat owners mistakenly believe that, when a boat is in winter storage, insurance coverage for the vessel is no longer a necessity.

Statistically speaking, more boats are damaged every year while in winter storage, than those that are in actual use. In some cases entire vessels are lost, due to unforeseeable circumstance.

Reason for Damages:

1. Destruction by nesting animals

2. Petty theft of stored items

3. Slight weather damage

4. Total destruction of the watercraft by a fire

5. Total destruction of the watercraft by natural disaster

Just because the boat is not in use, does not mean it is entirely protected from unforeseen events.

The boat owner who plans to store a vessel (Boats) for any period of time should discuss the importance of winter storage protection plans with a trusted insurance representative (insurance agent or insurance broker).

Most insurance plans will give the boat owner a reduced rate for winter storage coverage, while still allowing for the vessel’s owner to protect his valuable property.

Selecting this option (winter storage coverage) can safeguard the boat owner’s investment, and allow for peace of mind, when in cases where winter storage is a necessity.

Read more about the piracy attacks and boat insurance.

Find whether Marine Survey – Benefits of marine survey in boat insurance.

How to Protect your boating investment using boat insurance?

Read more about What to look for in a boating insurance policy?

Get more details about How to obtain the best boat insurance?

Find more information about Is boat insurance required for Winter Season (Winter Boat Insurance)?