When you consider protecting your boat or yacht, what comes to mind? Is it an all-encompassing, individualized insurance policy that includes hull coverage? A security system to discourage thieves from coming too close? Perhaps your mind goes straight for visual elements — covers that shield vinyl seats from sun damage or regular detailing to battle corrosion.
All of the above protect your beloved boat or yacht investment from harm, but none is as vital as marine insurance. Yes, it’s important to have physical safeguards in place. Often, however, the most dangerous elements are those that are unforeseen. Armor your vessel with a great marine insurance policy, and you’ll enjoy time out on the water without worry. Here’s why.
Inclement weather can put your vessel at risk.
The elements are unpredictable. If the violent hurricane season of 2017 taught boat owners anything, it’s that Mother Nature deserves respect. High winds? Capsizing? Submersion? She brought all of them to harbors Florida-wide, and forward-thinking boat owners were ready. Those who elected to take chances and purchase the minimum insurance protection necessary were left with high deductibles and damages galore.
It’s a sure bet that some of those boat owners loved their water craft. The yacht owners likely took great care in maintaining the gelcoat façade; cushions were likely draped in tarps or custom-made protective coverings. No doubt the engines on many affected vessels were regularly serviced and maintained.
None of it mattered when the hurricanes hit. Yacht owners who didn’t purchase enough coverage faced devastating losses. And some boat owners couldn’t find the funds to pay a salvage team to raise their submerged craft. These are the most severe examples, yes – but even taking hurricanes and other damaging weather conditions out of consideration, there are many elements that insurance protection addresses.
Marine insurance protects your vessel and you.
What happens if someone is hurt while you captain your boat or yacht? If you are involved in an accident that causes damage to another craft, who will pay for the repairs? Consider the aftermath of a lightning strike that affects all your electronics – or a fire that consumes the vessel and all the contents on board.
Marine insurance doesn’t just protect your boat or yacht. It protects you. It doesn’t matter how well you maintain your vessel; if you do not carry a sufficient marine insurance policy, you are only as secure as your present situation dictates.
Protect your investment with the right marine insurance coverage.
No one can see the future – but you can prepare for it. We hope that your marine insurance policy is a preventive safeguard similar to those onboard life preservers you hope to never need. Just like those preservers, though, marine insurance offers vital protection. Don’t be caught adrift without it.
For more information about marine insurance specific to the needs of your boat or yacht, contact W3 Marine today. Their advisors understand the nuances of coverage for vessels of all size and use and will direct you to the best option for your craft.