Should I Pay for Insurance When My Boat is Stored for Winter?
By: Boater's Choice Insurance
11/07/2022
Shrinkwrap season is underway for boaters in some northern regions of the U.S. This is also known as the winter lay-up – that period when boats are stored for the season.
Since your boat is under wraps and unavailable, you may be tempted to pause boat insurance payments. Read on about offseason premiums.
Who’s Responsible for Insurance During Lay-Up?
Boat coverage is typically needed year-round – especially if you are financing your boat. Most basic policies cover vandalism, theft, fire, and winter storms in the off-season.
But there’s good news: Premium discounts may be available during winter lay-up period. Check with your insurer to learn more about getting a lower rate while your boat is in winter storage.
Who Pays for Damage Caused By Improper Transit or Storage?
If your boat is damaged while stored incorrectly – or as the result of improper transport to / from the storage location – you will likely be responsible for any damages. For example, if you don't tie down the vessel properly prior to transit to a storage yard and it falls off the trailer, your boat insurance will not cover the resulting damage.
When in Doubt, Call the Boating Experts.
If you’re ever in doubt about the extent of your boat coverage, call your insurance agent or contact the boat insurance specialists at Boater’s Choice.