February 14, 2017

BOAT INSURANCE DURING THE STORAGE PERIOD

During the period of storage (or non-use) of my boat, is insurance really necessary?

The main purpose of a boat is to be able to navigate. However, with our sailing in Quebec being short, your boat is often out of the water. As during transport or when stored during the winter period. In order to be able to take advantage of it when the time comes, it is important to protect it even when it is not afloat.

The risks incurred by a boat on land make the marine police necessary. The most common “onshore” claims are :

  • Accidents during transport;
  • Collisions with a land vehicle;
  • The flight;
  • Vandalism;
  • The fire;
  • Frost damage;
  • Fall of tree or any other things;
  • Damage caused by vermin;
  • Wind damage;
  • Temporary shelter collapse by the weight of snow and ice, resulting in breaks in windscreens, fiberglass …

Caution, some of these incidents could result in property damage and bodily injury to other users. In this situation, the Civil Liability will cover the costs associated with the damage. However, in insurance, we often hear about exclusion! Is my boat really insured out of the water?

Anne-Marie Roy, underwriter at APRIL Marine, replied:
« No surprise at APRIL Marine. We insure the boat, when it is afloat, on land or during transport on a land vehicle. The trailer is also insured. Your insurance broker will be able to advise you of the good practices such as preparation for wintering by a professional and the use of anti-theft devices. »


STORAGE

A boat must be insured all year round, as the storage period also presents risks. Losses are just as important in winter even if the boat is unused. In addition to the risks of vandalism, theft or fire every winter, insurers deal with a wide range of claims.

« Be sure of it – In winter, the service complaints do not hesitate! We deal with the collapse of shelters due to the excessive accumulation of snow or ice, frost damage, vermin intrusions, but the most popular remain theft and vandalism. » The team of experts, APRIL Marine.


THE THEFT… SUMMER AS WINTER!

Boat theft is very common. This may include theft of the boat or partial theft: boat feet, outboard engines, trailer, etc.
Boats are most frequently stolen when they are on their trailer. It is therefore essential to properly protect a boat by an insurance policy, but also by anti-theft systems such as:

  • LTrailer locks: It is important to have a trailer hand lock and not a simple padlock. The quality of the lock is very important and some brands can be recommended by the insurers because they bring together the characteristics required;
  • Marking of boats: The aim is to identify by permanent marking a large number of external and mechanical parts making resale almost impossible. The identification codes are stored in a database that is accessible by police and insurers;
  • Tracking systems: Different tracking technologies are used to electronically and remotely identify vehicles and even the components to which they are attached. In case of theft your boat can be located anywhere (tunnels, garages, forests and even steel containers).

It is therefore strongly recommended that all owners of boats or watercraft insure their boats, because despite the precautions a disaster can occur and the latter is damaging.

Summer or winter, Whether, dock or afloat, in front of your garage or stored elsewhere, your boat and your equipment at risk!

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