As the boating season in Texas comes to a close, it is a good idea to review your boat insurance with an insurance agent that is licensed in the state. First, you will want to ensure that your boat will be properly insured while it is in storage over the winter. Second, you may be able to save some money by reducing your coverage for the time the boat is not in use. Here is how one of our insurance agents in Wylie, TX can help you take care of your boat insurance for the winter.
Properly Insure Your Boat for Winter
Few people consider updating their boat insurance when taking their watercraft out for the season. Because your boat’s circumstances are changing, though, it is a good idea to review your coverage levels. If your boat is stored at a private location, homeowners insurance will not cover damage caused to the vessel. If you keep the watercraft at a public storage facility, the company’s insurance policy should provide coverage. They may not carry enough insurance, though, and their insurance policy will not cover your boat while in storage. Therefore, you still need to keep your boat insured during the winter months.
Save on Insurance During Winter
Although you need to carry boat insurance over the winter, you do not necessarily have to have the same type of policy as you maintain during the summer months. Because your boat is not in use, you may be able to safely reduce coverage. This should only be done in consultation with a professional insurance agent.
One of our licensed agents can help you determine which coverages can safely be reduced and which should be kept the same. You can even ask them to give you a call in the spring, as a reminder to update any coverages that were reduced for the winter. To talk with an agent, give us a call today.