Should You Drop Boat Insurance in the Winter Months When the Boat is Not Being Used?

If you are a new boat owner, you likely know that carrying boat insurance when you are out boating is a must. However, one of the questions we at Hart Insurance, serving the greater Federal Way, WA area, are often asked is whether you should drop boat insurance in the winter months or continue carrying it. The decision is personal, but we strongly recommend you continue carrying boat insurance. Read on to learn why. 

The Benefits of Dropping Boat Insurance in the Winter Months When the Boat is Not Being Used

The only benefit to dropping boat insurance in the winter months when the boat is not being used is that you may save some money. However, if you start insurance, cancel it, and start it again, you may incur cancelation fees or have higher premiums, which may eat up your savings. 

The Disadvantages of Dropping Boat Insurance in the Winter Months When the Boat is Not Being Used

Boat insurance does not only cover your boat when you are out on the water. Depending on the type of policy you have, boat insurance may also cover your boat from things such as theft or fire. When your boat is being stored, it can be stolen or incur damage, and boat insurance helps to protect against this. 

While boat insurance is critical when you are out and operating the boat, it is also important when the boat is being stored or not used during the winter months. If you want to change your boat insurance during the winter months or are looking for a new policy, Hart Insurance, serving the Federal Way, WA region, can help you. Reach out to us today to start the process of buying boat insurance.