You may be wondering if you have a boat if you need to keep it insured year round, even if you are only using it a few months out of the year. There are a few reasons why boat insurance is needed year round.

There is Still Risk Out of Water

Boat insurance should cover your boat from fire, vandalism, or theft, which may happen even when you aren’t in the water. In order to protect your investment, you will want to be insured at all times.

There is No Off-season for Mother Nature

Even when your boat is in storage you will want to keep it insured because it could still be at risk of flooding or fire. Without boat insurance, you likely won’t be able to fix or replace your boat in the event of a natural disaster.

Your Homeowner’s Policy Won’t Cover Your Boat

You may think that your boat would be covered under your homeowner’s policy, but that policy likely only covers your boat for damage on your property and even then it might not be enough coverage.

You May Save Money by Keeping the Policy Year Round

You will usually get rewarded if you have an accident-free year, so if you keep canceling your insurance policy every winter you won’t build up that loyalty with the insurance company and you may end up paying more when you renew the policy or if you need to pay your deductible. Idaho Select Insurance, serving Meridian, ID, will be able to help you with a quote on a policy.

Even though there is no law requiring carrying boating insurance in Idaho, many lenders do require it and that insurance may need to be valid for the entire year to protect the investment.

Contact Idaho Select Insurance, serving Meridian, ID, to get a quote for boat insurance and keep your boat insured year round.