3 Things You Need to Know About Boat Insurance and Leaks

One of the greatest things about living in Newington is our access to plenty of ponds, lakes, rivers, and reservoirs. Having a boat to take a spin around the lake, go fishing, or just spend a leisurely day out on the water is a must for many Connecticut families. However, nobody gets to have any fun if your boat isn’t in working order and/or sinks.

Here are three things you need to know about boat insurance and leaks.

#1: Leaks Are the Biggest Cause of Sinking Boats

Generally speaking, a boat only sinks for two reasons. One is when the vessel takes on water. The other is when there’s a leak–which happens more often than not. Keeping your boat in top condition and free of leaks is the best way to protect your investment.

#2: Most Insurance Policies Will Not Pay for General Maintenance Leaks

In most cases, your insurance policy will not pay to repair basic maintenance leaks. Keeping your vessel in top shape is generally done at your own expense. However, if your boat struck another object and the leak was caused by the accident, it is a wise idea to contact your insurance carrier to see if the leak would be covered.

#3: Some Insurance Policies Will Cover Wreckage Removal

If the leak has gotten so bad that (gulp!) your boat actually sinks, your insurance policy might cover the cost of wreckage removal. Generally, this includes any reasonable fees associated with raising the boat from the water and hauling it off to a secure location.

The two most important things to remember when it comes to boat ownership are to keep your vessel in leak-free condition and make sure you have adequate insurance coverage.

For more information about boat insurance in the 06111 zip code or anywhere else in Newington, CT, please contact us today.