Boat Insurance for When Your Boat Is Out of the Water

Boat owners need to be concerned with protecting themselves and their boat no matter where it is located. Consider this example, a boat is in its mooring tied down securely to the dock. A hurricane hits the area. The storm surge causes the boat to break free from the dock, careen on to the land, and smash through the large picture window of a luxury beach house. Yikes!

This is the kind of incident that causes all kind of problems with insurance claims. As the boat owner, you may be held responsible for whatever the boat damages, even if the situation is not under your own control. If you lack proper insurance, you may lose your boat and then get stuck with a huge repair bill for the damages.

Here is another example. You are towing your boat on a trailer. Traffic suddenly slows down unexpectedly. The car behind you does not have enough time to stop. It hits the boat causing it to break free from the trailer, fly into the air, and smash into another car. The driver of the car causing the accident is at fault. However, the at-fault driver has no insurance. You get sued by the car owner that was hit by the boat for the damages to the car that went unpaid.

At Linda Dugan Insurance, serving Astoria, OR and the surrounding area, these are the kinds of risks we want to protect our clients from. Even if you already have boat insurance, it is wise to get an insurance review.

Another common problem is that boat owners sometimes do not keep their boat insured when it is not being used and it is in storage. That is really risky. What happens if there is a fire that burns the storage building down? Or if the boat is stolen?

In general, it is a wise decision to keep your boat insured at all times, no matter if it is in or out of the water. Be sure to discuss with your agent the coverage that is adequate for storage, which depends on how and where it is stored. Also, talk over the coverage it has when being transported. Talk to your agent at Linda Dugan Insurance in Astoria, OR by calling 503-440-3909 or using the convenient online form to get a quote for boat insurance.