Boat owners may sometimes be tempted to cancel their boat insurance during the off-season. However, discontinuing your coverage during these months can lead to significant risks and gaps in protection. At Tim Huber Insurance, we generally recommend that boaters adjust coverages rather than cancel their policy altogether. Here’s why.

Risks of Canceling Insurance

Canceling your watercraft insurance during the winter could leave you unprotected against risks such as theft, fire, or other damage. Your boat and trailer could be stolen, a building’s roof could collapse on the boat during bad weather, or any number of other incidents can occur. Without boat insurance, you would be unprotected in these situations.

Specifically, comprehensive coverage may protect against theft and damage during the off-season. This is one of the primary coverages that we recommend St. Augustine, FL boaters keep, even if they have not used the boat for a while.

Adjusting Coverage Instead of Canceling

Instead of canceling your watercraft insurance during the winter months, you might want to adjust your policy for the off-season.

Many policies allow you to keep coverages like comprehensive coverage while suspending ones like protection for salvaging a sunken vessel. You might also want to maintain coverage for safety equipment, sports gear on your boat, and possibly other protections.

You can then reinstate any suspended coverages when you take your boat out of storage. This approach can ensure you’re adequately protected throughout the year while saving a little on premiums during the off-season.

Get Help Adjusting Your Boat Insurance Policy

If your boat is going into storage somewhere around St. Augustine, FL, contact us for help adjusting your boat insurance coverages. We at Tim Huber Insurance can assist with this and any other boat insurance matters you might need help with.