Boat Insurance Tip: Coverage Area & Dates

Photo/New England Boating

With boating season fast approaching, we figured it would be a good idea for boaters to consider their current insurance plans. Here to offer some advice is Jay Kay, President of marine insurer (and New England Boating sponsor) Stafford Insurance:

Coverage for “Shoulder Season” Boating & Offshore Ventures

According to Kay, a major area of concern is the contractual terms of the policy. For example, if your policy has a standard “layup warranty”, common in the Northeast, you have agreed that the boat will not be used between the dates of November 1 and April 1. If you use the boat during the layup period and have a mishap, the policy is automatically void—something to think about on those unseasonably warm days late or early in the season.

“If you think you might use your boat later or earlier than the dates specified in your policy, contact your agent, as it’s usually pretty easy and inexpensive to extend the navigation period,” says Kay.

Similarly, if your boat is only insured for use in coastal waters, or a certain area of travel, you need to stay within the boundaries outlined by your policy or you risk violating the policy warranty. For example, if your coverage only extends to “coastal waters,” you will not be covered if an accident occurs beyond the 3-mile state-waters limit. On the plus side, it is very easy to get a rider or endorsement if you plan to occasionally travel beyond those limits. You can usually get something in writing (an email will suffice) within 24 hours of making the request.

Contact Information

Related reading:

Boat Insurance Tips from Stafford Insurance


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