Considering Boat Insurance

As summer begins to wind down, many boat owners begin taking stock of their vessel – seeing to any late-season repairs and making plans for the offseason. In the wake of a recent rash of outboard motor thefts in the Florida Keys, boat owners are taking extra care to ensure that their investments remain protected for the years to come. In many cases, this requires exploring the ins and outs of boat insurance.

It’s a common misconception that boat insurance covers the craft exclusively. Depending on the plan, boat owners can cover practically any unfortunate eventuality. The most basic plans cover collision damages, fire and lightning. Beyond that, most plans also protect against the threat of vandalism and theft. But that’s just the tip of the proverbial iceberg. Many policies extend far beyond the boat itself to cover machinery, outboard motors, boat trailers and personal property that may be attached.

Now that August has arrived and many seasonal boat operations will be ceasing within a few months, it’s as good a time as any to assess the state of your small boat. Whether or not you invest in an insurance plan, it’s always a good idea to keep your boat and its components well maintained. Providing the motor with satisfactory lubrication – as provided by Mercury engine oil – can effectively extend its life. That means more time to have fun in the sun.