Statistics in insurance claims reveal the 32% of boat insurance claims are related to collisions. It is the claim type that is most frequent and most costly. Most of the claims reported involved sailing craft, so powerboats and motorboats are less like involved in collisions. Motorboats have fewer claims on the whole. However, you should still know the specific risks and steps that you can take to reduce making claims.
Here are the top five motorboat insurance claims last year:
1) Weather damage
Weather may pose a lot of dangers for boats left out in open water. Keeping your boat in the marina makes it sheltered and less vulnerable from the worst conditions. Be prudent in storing sails and don't leave them furled. Check your lines in case there is a weather warning.
When there are severe storms, there is potential for lightning strikes to short-circuit or disable onboard electricity. It may create fires in extreme cases so always consider fire safety and ensure the maintenance of your fire extinguishers.
2) Striking underwater objects
It is certainly disheartening when the propeller catches an underwater hazard. Talk to other boat users and local fishers, review the paper charts and install a GPS unit when you sail through the unfamiliar waterways so you can avoid propeller and hull damage. If your boat has GPS makes sure that it installed the most recent updates. Monitor the current to check if there is a sharp change in the direction because it can indicate when something lies under the surface.
3) Thievery
Outboard Motor Theft
Anyone can remove an outboard engine quickly making it an open target for thieves. It is important to make sure that outboard motors have security against theft. Anyone can easily access brass and bronze propellers, so they are attractive to thieves looking to sell the raw metal. Securely store them away from the boat when it’s out of the water.
b) Personal Effects Theft
It is recommended to remove all of your boat's personal effects and store them in a warm and safe environment. Do this to make the boats unattractive for thieves. Certain insurance policies we sell even require removing the personal effects from the craft during the lay-up periods.
4) Trailers and Cradles
People deal with lots of claims for boats when poorly maintained road trailers collapse or fall over. We recommend that you undertake thorough examination before using them especially anytime after they are left dormant for a long time.
At Wahoo Insurance LLC we take pride in making sure our clients are safe on their boats with the best insurance protection they need to be safe. To learn more about how we can help cover your boat and hopefully avoid unnecessary insurance claims please contact our agency at (866) 275-9797 or Click Here to request a free quote.
1) Weather damage
Weather may pose a lot of dangers for boats left out in open water. Keeping your boat in the marina makes it sheltered and less vulnerable from the worst conditions. Be prudent in storing sails and don't leave them furled. Check your lines in case there is a weather warning.
When there are severe storms, there is potential for lightning strikes to short-circuit or disable onboard electricity. It may create fires in extreme cases so always consider fire safety and ensure the maintenance of your fire extinguishers.
2) Striking underwater objects
It is certainly disheartening when the propeller catches an underwater hazard. Talk to other boat users and local fishers, review the paper charts and install a GPS unit when you sail through the unfamiliar waterways so you can avoid propeller and hull damage. If your boat has GPS makes sure that it installed the most recent updates. Monitor the current to check if there is a sharp change in the direction because it can indicate when something lies under the surface.
3) Thievery
Outboard Motor Theft
Anyone can remove an outboard engine quickly making it an open target for thieves. It is important to make sure that outboard motors have security against theft. Anyone can easily access brass and bronze propellers, so they are attractive to thieves looking to sell the raw metal. Securely store them away from the boat when it’s out of the water.
b) Personal Effects Theft
It is recommended to remove all of your boat's personal effects and store them in a warm and safe environment. Do this to make the boats unattractive for thieves. Certain insurance policies we sell even require removing the personal effects from the craft during the lay-up periods.
4) Trailers and Cradles
People deal with lots of claims for boats when poorly maintained road trailers collapse or fall over. We recommend that you undertake thorough examination before using them especially anytime after they are left dormant for a long time.
At Wahoo Insurance LLC we take pride in making sure our clients are safe on their boats with the best insurance protection they need to be safe. To learn more about how we can help cover your boat and hopefully avoid unnecessary insurance claims please contact our agency at (866) 275-9797 or Click Here to request a free quote.
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