While many boat owners understand that it is just as important to insure your boat as it is a car or truck, some people may be tempted to insure their boat for only part of the year. Much of this temptation arises from the fact that many people only use their boats at certain times when the weather is pleasant, like the spring and summer months.
During the winter and fall, many recreational boaters choose to store their vehicles in dry-docks, garages, and parking lots, while snows and cold weather keep them off the lakes and rivers. Because they do not intend to take the boat out on the water, some boat owners make the decision to cancel their insurance coverage for the off-season and renew it again when prime season begins.
Some people choose to take such actions because they believe they may save money by removing their insurance payments for part of the year. Unfortunately, this may be a mistake, because accidents can still occur even if the owner believes the boat is safely stored. If a person suffers injury near a stored boat, the owner may still be held liable for injuries and expenses as a result. Continue reading ‘Insuring Your Boat in the Off-Season’ »