Storing Your Boat For Fall

As the warm summer weather comes to an end, you may be wondering what to do with your boat. Since you will no longer be taking your boat out on the water, you may assume that you no longer need your boat insurance policy. While canceling your policy may seem like a good way to save money, it can actually end up costing you more than you think.

Completely canceling your boat insurance policy for fall will leave it completely vulnerable. While you may not have to worry about getting into an accident on the water, there are still many risks that your boat may face. Just because it is not boating weather, that does not stop thieves from breaking into wherever your boat is stored, even if it is your backyard, and driving off with your trailer. Your boat is also vulnerable to damage that is caused by a storm or fire at any moment of the year. Keeping your boat covered with a boat insurance policy all year round can help to ensure that you are not left paying for any damages out of your own pocket.

Canceling your boat insurance policy while your boat is in fall storage can also lead to much more expensive premiums when you try to reinstate your policy. Any lapses in your coverage make you a bigger risk, which comes with higher rates.

Luckily, there are many ways that you can save money on your boat insurance. Most insurance companies will offer discounts during the fall when your boat is in storage. You can also look for other discounts that you can enjoy all year long, such as passing an approved safety course or bundling your boat insurance with your home insurance.

For all of your boat insurance needs throughout the fall and winter months, contact Agape Brokers Insurance Agency in Hemet, California.

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